Here are three stocks that caught Harry Boxer’s eye after Wednesday’s price action.
While equities have seen a strong rebound since the initial shock of the Coronavirus pandemic, several stocks show real stocks that go beyond just moving higher with the tide.
Here are three that showed particular strength on Wednesday that may have room to grow.
LivePerson, Inc. (LPSN), zoomed higher by $9.43, or 40.3%, to $32.82 on Wednesday, with a session high of $33.99 on huge volume of 10.4 million shares traded, which is unheard of for this stock. This may have set the stock on a new up-trend, with the gap at resistance at $38 potentially the next target.
Overstock.com, Inc. (OSTK) on Wednesday popped $2.15, or 15.2%, to $16.25, with a session high of $16.40, on 5.9 million shares traded, and extended its beautiful move. It is now up from $2.50 in mid-March. There is some resistance ahead at $17. It may test that level soon, but be careful as it is due for some profit-taking.
Virgin Galactic Holdings, Inc. (SPCE), popped $1.88, or 11.3%, to $18.50 on Wednesday based on positive earnings. SPCE had a session high of $18.95, on 23.7 million shares traded Wednesday. The move broke it out of a flag pattern with the stock bouncing off the bottom of a channel. I’m looking for a retest of $20.75, and then a run to $25.
Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis, and live chart presentations. Try Harry's Live Trading Room Free for 15 Days.
