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.

Cannabis & Health Stocks to Watch

By -

Health and cannabis stocks top our list of charts to watch today.Amarin Corporation plc (AMRN) popped $1.12 to $15.03 Wednesday on 13.8 million shares, more than 1 1/2 times its average volume.  The move followed a J.P. Morgan Healthcare conference presentation by the company, which markets a purified fish-oil pill. The stock took out the declining tops line and reached resistance at $15.80 before backing off.  Next targets are $17 and then $19.

Aphria Inc. (APHA) gained 46 cents to $6.79 on 7.2 million shares Wednesday on no news.  The cannabis stock popped across resistance, getting to as high as $6.90, important resistance from its gap down in early December.  A move to fill that gap would get the stock to $7.75-$8.00, our next target.

(more…)

Two Longs, Two Shorts

By -

Let’s keep an eye on opportunities both long and short in this volatile market.

On the long side, ProQR Therapeutics N.V. (PRQR) popped $1.70 to $17.48 on 464,200 shares Wednesday.  The biotech company announced it received Fast Track designation from the Food and Drug Administration for one of its medicines treating severe genetic rare diseases.  The move broke the stock out of its 2-month declining channel.  Looking for a move next to next lateral resistance near $20.75.

(more…)

Smoke Two Joints

By -

Marijuana stocks are among our top charts to watch today on potentially positive news for the industry.

Aurora Cannabis Inc. (ACB) gained 20 cents on Tuesday to $5.93 on 15.8 million shares.  Shares rose with release of the final 2018 Farm Bill legalizing industrial hemp, as well as reports that Gov. Andrew Cuomo may introduce a plan to legalize recreational marijuana in New York.  On the hourly chart, ACB looks poised to break out above the neckline of a head-and-shoulders bottoming pattern.  First target is the recent highs and lateral resistance at $6.75, followed by $7.75.

(more…)

Four Stocks to Watch on Earnings & Other News

By -

Here are four stocks with strong technicals lifted by earnings and other news.

CareDx, Inc (CDNA) jumped $1.56 to $26.11 on over $1 million shares traded Wednesday, more than 1 1/2 times its average volume.  The transplant diagnostics company is scheduled to report third quarter results on November 8.  The move popped the stock out of a month-long coiling pattern.  A move through the October 1 high near $19.50 could accelerate the stock towards the channel top in the high-$30’s.

FireEye, Inc. (FEYE) leapt $1.64 to $18.49 Wednesday on huge volume of 18 million shares, 3 1/2 times its average volume.  The cybersecurity company released better-than-expected third quarter results after the close Tuesday. The stock appears to be emerging out of a multi-year basing pattern.  Resistance is at the April high of $19.36.  A move through that could get the stock towards the channel top at around $22.

Tandem Diabetes Care, Inc. (TNDM) rose $2.92 to $37.61 Wednesday on 2.2 million shares.  The developer of insulin delivery systems is scheduled to report after the close today.  Wednesday’s move broke the stock above the declining tops line from its pullback off the September high.  The stock faces next lateral resistance just above here at $37.70, and then minor resistance at $40.50, a move through which could accelerate it higher.

Xilinx, Inc. (XLNX) gained $3.32 to $85.37 Wednesday on 5.7 million shares, more than twice its average volume.  The maker of programmable chips reported better-than-expected earnings last Wednesday, and also has reportedly won orders from Microsoft Corp.’s Azure cloud unit.  The move broke the stock out above recent highs from early October, positioning it for a move next towards the rising channel top near $92. (more…)