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
This 3D Printing Stock Plus 3 More
+ 3D Systems Corporation (DDD) tacked on 14 cents to $14.50 on 2.7 million shares Tuesday. The move came on no news from the company, though last week it announced two new 3D printing products. The stock, which rallied sharply off its May 3 low at $9, flagged later in the month, broke out two weeks ago, flagged again, and now appears to be ready to break out again. Watch for a move next to $15.75, followed by $17.50.
+ Kopin Corporation (KOPN) edged up 8 cents to $3.64 on 551,400 shares Tuesday. The move came on no news from the wearable technologies company, though two weeks ago it unveiled the first controlled wearable smart screen. The stock, which has traded in a range from $3-$4 this year, is moving up towards lateral resistance at around $3.85-.95 zone. A break through that could get it to the $4.50-.60 zone.
+ Ocular Therapeutix, Inc. (OCUL) gained 36 cents to $7.71 on 737,400 shares Tuesday. The biopharmaceutical company, focused on therapies for eye disease, announced it will present at the JMP Securities Life Sciences Conference June 20 in New York. The move broke the stock out of a 3-month sideways pattern. In a steep rising channel off its November low of $3.30, the stock could get to $9-$9.25, last reached in July.
+ Tandem Diabetes Care, Inc. (TNDM) rose $1.37 to $17.70 on 2.1 million shares Tuesday. The move came on no news from the provider of medical devices for people with insulin-dependent diabetes. Since February the stock has run almost 9-fold from just above $2, and, though oversold, momentum could carry it to the low-to-mid $20’s.
Four Momentum Stocks to Watch
Polaritite, Inc. (COOL) jumped $3.90 to $30.95 on 1 million shares Wednesday. The biotech and regenerative biomaterials company announced on June 4 a public offering of common stock. The stock has nearly doubled from a mid-April low below $16, and recently broke out of a 2-week consolidation pattern, suggesting it is ready to continue the run. Wednesday’s close was the highest since late August, and a break through that level ($31.68), its highest close ever, could take the stock to the mid-to-high $30’s next.
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Momentum Stocks Moving on Earnings
Preface from Tim: one “bullish breakout” I really like is SlopeCharts usage (shown below), which has been steadily climbing since we launched the new site last weekend. Please note clicking on any of the hyperlinks in this post will bring up its chart, and also remember that preceding a ticker symbol with a “$” in the comments section (example: $FB) will provide a hyperlink in the same manner.
Here are five momentum stocks making a move primarily on earnings.
Arrowhead Pharmaceuticals, Inc. (ARWR) jumped $1.25 to $9.00 on 5.6 million shares Wednesday, almost four times its average volume. The drug developer reported fiscal second quarter earnings on Tuesday that matched Wall Street expectations. The move broke the stock out of a two-month coiling consolidation. At its intraday high of $9.60, the stock got up to resistance at the rising trendline before backing off. A breakthrough there could lead to $13.
