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CSIQ, REGI, RPTP, TSLA, YELP – Stock Charts to Watch

Canadian Solar Inc. (CSIQ), one of our favorite solar stocks as well as a swing trade of ours, did very well on Wednesday. It ran right up to resistance and backed off, closing up 1.17, or 13%, on 7 million shares. That’s the best volume in about a month. At this point, we’re looking to see if the triangular-consolidation wedge will be taken out. The next target is the juxtaposition of the major declining topsline and channel top just under 13 at 12.85-.90, which is the next swing-trade target.

Raptor Pharmaceuticals Corp. (RPTP) was the big winner on Wednesday, spiking up 2.15, or 26.6%, on 3.9 million shares, and closing at the top end of the range. It was a very nice session. This stock has a very long base that was broken, it consolidated for about three weeks, then spiked up. Be watching for some follow-through to get it up to 11 1/2. In 2009 it spiked to 11 3/4, so that would be the key level to get to, and after that, it could go into the high teens.

Tesla Motors, Inc. (TSLA) had an excellent day on Wednesday. It popped 3.32, or 3.24%, on 6.5 million shares. It has gone from the 38-40 zone all the way up to 114.90. If that’s the best the bears can do, then this one will be rocketing higher. If it doesn’t get through and rolls over, be careful of that move below 95.

Yelp, Inc. (YELP) had a really strong close on Wednesday, particularly the last half of the session. Late in the day this stock rocketed, going from 32 at one o’clock all the way up to 35.06 before closing, up 3.76, or 12%, on 2.8 million shares. After hours it’s still holding up very well. Watch this one on Thursday as it broke out across key resistance, picked up in volume, and has a short-term target of 38. It wouldn’t be surprising to see it reach the target rather quickly, based on the overall pattern, and that it made a new high on Wednesday.

Other stocks on Harry’s Charts of the Day are ACADIA Pharmaceuticals Inc. (ACAD), Aegerion Pharmaceuticals, Inc. (AEGR), CardioNet, Inc. (BEAT), Celldex Therapeutics, Inc. (CLDX), Globus Medical, Inc. (GMED), Himax Technologies, Inc. (HIMX), Isis Pharmaceuticals, Inc. (ISIS), Cheniere Energy, Inc. (LNG), Mitek Systems Inc. (MITK), Pandora Media, Inc. (P), Renewable Energy Group, Inc. (REGI), Sinclair Broadcast Group Inc. (SBGI), SunPower Corporation (SPWR), and LIN TV Corp. (TVL).

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Mystic Maggie

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