Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Harry Boxer’s Charts of the Day
Harry Boxer’s Charts of the Day
Four Stocks Breaking Out
CAI International, Inc. (CAI) is seeing excellent follow-through from last Friday, when price popped all the way up to a high of $26.12. On Monday the stock gained $1.00, or 3.8%, to close at a three-year high of $26.93 on 427,600 shares traded. Analysts have dramatically increased earnings expectations for the transportation finance and logistics company in recent weeks, and earnings will be announced on Wednesday (July 26) after the close. The stock is being traded at some of the heaviest volume this year. Having already blown through significant resistance in the $25-$26 zone, price could easily reach $30 in the near term. The price channel shows that this could be a $40 stock or more in the longer term. (more…)
4 Charts for Navigating Murky Markets
With the market’s direction murky, stock selection becomes increasingly important. Here are four stocks to watch, two on the long side and two short.
Calithera Biosciences, Inc. (CALA) closed up $1.85, or nearly 12%, at $17.60 on 1.5 million shares traded Wednesday. Price broke out of a consolidation starting on Monday, tagged $17.90, and then closed at $17.60. The stock is among the top-gaining biotechs of 2017 so far, up over 300% since January 1, aided by news of clinical partnerships with Incyte and Bristol-Myers Squibb for the company’s cancer drugs. Given the present strong upward momentum, price could reach $21 and may travel up into the mid $20s.
It was a strong day for Hudson Technologies Inc. (HDSN) on Wednesday. Price popped 31 cents, or 3.6%, to $8.88, on 1.1 million shares traded. That is the highest this stock has closed in 20 years. Price has been on the move up since the refrigerant services company announced on June 26 that it had been added to the Russell 3000 and Russell 2000 Indices. It has been up three days in a row now on heavy volume, with huge monthly volume observable across the past year. The stock is up at resistance, but could move into the $11-$12 area if it clears that level.
