6 Stock Charts To Watch: EGO, GILD, LAKE, SURF, TVIX, ZYXI6

6 Stock Charts To Watch: EGO, GILD, LAKE, SURF, TVIX, ZYXI6

1. Eldorado Gold Corporation (EGO)

Eldorado Gold Corp (NYSE:EGO) is a gold stock and one of the few stocks that held out, and then exploded through the double-top on Monday, popping 95 cents, or 9.57%, to 10.88, with a high of 10.97, on 13.8 million shares. It looks like a great swing. My targets are 12 1/2 and 16 short term.

2. Gilead Sciences, Inc. (GILD)

Gilead Sciences, Inc. (NASDAQ:GILD), according to the World Health Org, may have the “one drug” that treats Coronavirus. This stock was up on Monday, but backed off, closing at 3.20, or 4.59%, to 72.90, with a high of 74.51, on a 40 million shares. I haven’t seen GILD trade that many shares in quite a while. Now I’m looking for an extension to 79.

3. Lakeland Industries , Inc. (LAKE),

Lakeland Industries Inc (NASDAQ:LAKE), makers of protective gear used in relation to the coronavirus, was up 91 cents, or 6.69%, to 14.51, with a high of 15.22, on 1.3 million shares on Monday. That was basically an extension of a two-day move out of a falling wedge and 50-day moving average. This stock has risen strongly for the last three sessions. Targets going forward are 16 1/2, and then 17 1/2.

4. Surface Oncology, Inc. (SURF)

Surface Oncology Inc (NASDAQ:SURF) has a beautiful chart for a biotech stock. Even though it was only up 10 cents, or 2.6%, to 3.95, with a high of 4.20, on 361,051 shares traded on Monday, I put a swing on it because I think it’s headed to the 5.85-6.00 zone short term.

5. The ProShares Ultra VIX Short-Term Futures (UVXY)

The ProShares Ultra VIX Short-Term Futures (NYSE:UVXY) and the ProShares Ultra VIX Short-Term Futures (UVXY) had a special day on Monday, the TVIX jumping 3.38, or 27.4%, to 15.72, with a high of 15.85, to 51.5 million shares. I’ve been watching this for a while, and yes, I have a light swing on these kind of stocks, because they are just too volatile. You never know what they are going to do overnight. My short-term target on TVIX is 72 and 82.

6. Zynex , Inc. (ZYXI)

Zynex Inc (NASDAQ:ZYXI), which we put a re-swing on Monday, broke down in Dec, pulled back, ran up, formed a right shoulder of a head-and-shoulder pattern, broke the neckline on Friday, followed through on Monday, gaining 1.50, or 12.65%, to 13.36, after running up to the session and all-time high at 14.10, on 1.2 million shares. I think this stock has energy and upside potential on good volume on Monday that could take it up to 16 1/2, and then 19.

Stocks on the long side

Allied Healthcare Products, Inc. (AHPI), Alpha Pro Tech, Ltd. (APT), Co-Diagnostics, Inc. (CODX), Gilead Sciences, Inc. (NASDAQ:GILD), Genprex, Inc. (GNPX), Lakeland Industries, Inc. (LAKE), NanoViricides, Inc. (NNVC), Novavax, Inc. (NVAX), Schrodinger, Inc. (SDGR), Surface Oncology, Inc. (SURF), Vir Biotechnology, Inc. (VIR), Avadel Pharmaceuticals (AVDL), Brainstorm Cell Therapeutics Inc. (BCLI), Co-Diagnostics, Inc. (CODX), Vir Biotechnology, Inc. (VIR), Eldorado Gold Corporation (EGO), GSX Techedu Inc. (GSX), Virgin Galactic Holdings, Inc. (SPCE), the VelocityShares Daily 2x VIX ST ETN (TVIX), the ProShares Ultra VIX Short-Term Futures (UVXY), Beyond Air, Inc. (XAIR), Zoom Video Communications, Inc. (ZM), and Zynex, Inc. (ZYXI).

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