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3 Stocks in Healthcare & Technology to Watch

11/14/2019 11:48 am EST

Focus: HEALTHCARE

Harry Boxer

Author, The Technical Trader

These three health and technology sector stocks are on the move and pointing higher, writes Harry Boxer.

AMD, Amarin and CRISPR among top stock displaying a potential technical breakout from earlier in the week.

Advanced Micro Devices, Inc. (AMD), one of our swing trade picks from two weeks ago when it was at $33.60, jumped 81¢ to $37.52 on 67 million shares Wednesday.  On Tuesday, the chip maker announced Tencent will use its latest server processors. The stock has been in a steep rising channel since its recent low below $28 in early October.  Next target is the rising channel top near $40.

Amarin Corporation Plc. (AMRN) followed through on Wednesday, up 55¢ to $21.49 after popping 23% on Tuesday.  An FDA advisory committee is scheduled to meet today to help decide the fate of the company’s fish-derived cardiovascular drug.  While trading has been halted in advance of the meeting, the chart points to a test of the July high in the $23.50-$24 zone.

CRISPR Therapeutics AG (CRSP) rose $1.42 to $55 on 1 million shares Wednesday.  The move, on no news, continued the gene editing's stock's month-long rally from the mid-$36 level.  It also followed through on Tuesday's breakout of a mini wedge. Watch for a move to $58 next.

See Harry's video chart analysis on these and all 20 of our top charts.

Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis, and live chart presentations. 

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