Скачать или смотреть CONN, IMGN, AZPN, SHOP - Harry Boxer, TheTechTrader.com

6/29/17 - www.TheTechTrader.com - Conns Inc. (CONN) broke out of a wedge on Thursday, and was up 1.05, or 6%, to 18.95, on 800,140 shares traded. Considering the market on Thursday, I find this to be very admirable. It’s one of the best volumes on an up-day in two and a half weeks, on a break out of a wedge. The level to watch now is about 20. If it gets through that level, we’ll be looking at 21 3/4, and then on its way to high 20’s. This could be really intriguing and something to watch with 11.1 days to cover.

ImmunoGen, Inc. (IMGN) did very well on Thursday, but, as indicated on Wednesday, the top of the channel is around the 7.00 area. It got up to 7.40 on Thursday, pulled back, and closed up 22 cents, or 3%, to 7.22, on 3.5 million shares traded. Even that on a lousy day is a good sign. It is overbought short-term, and could be volatile to a pullback, or momentum could take it to 8 1/2. It has 5 1/4 days to cover.

Stocks on the Short Side….

Aspen Technology, Inc. (AZPN) has a massive double top, broke the neckline, formed a bear wedge, and on Thursday, it dropped 1.51, or 3%, to 54.42, on 604,616 shares traded. There is some support at 52.00. I’m looking at 48 and 45 as targets going forward.

Shopify Inc. (SHOP) was down 3.12, or 31/2%, to 86.40, on 2.7 million shares traded. It’s a new Boxer Short and has the perfect head-and-shoulders. Let’s hope that it works. Sometimes you anticipate a head-and-shoulders because the neckline isn’t broken, it runs off, and turns out to be a wedge. But its 6-7-month channel forming a head-and-shoulder top. The volume pattern is in play. If this stock collapses, it could collapse quickly. The first target is 72 1/2, and then 63.

On the long side, stocks included Citigroup Inc. (C), Conns Inc. (CONN), ImmunoGen, Inc. (IMGN), Nxt-ID, Inc. (NXTD), Select Comfort Corporation (SCSS), Spherix Incorporated (SPEX), TRAVEL B.V. (TRVG), ProShares Ultra VIX Short-Term Futures (UVXY), and Valeant Pharmaceuticals International, Inc. (VRX).

On the short side, stocks included Aspen Technology, Inc. (AZPN), Central Garden & Pet Company (CENT), Criteo SA (CRTO), CyberOptics Corporation (CYBE), Ebix Inc. (EBIX), Inphi Corporation (IPHI), Shopify Inc. (SHOP), Seagate Technology plc (STX), VMware, Inc. (VMW), Veritiv Corporation (VRTV), and Yelp Inc. (YELP). http://www.TheTechTrader.com