FMCI, NNOX & WKHS Among Top Charts

09/11/2020 9:51 am EST

Focus: TECHNICAL

Harry Boxer

Author, TheTechTrader.com

Forum Merger II Corporation (FMCI) after pulling back for two days did well on Tuesday, up 1.96, or 9.3%, to 22.96 on 2.3 million shares traded. A move through resistance at last week's high near 23 3/4 should get it to 27-28 next.

Nano-X Imaging Ltd. (NNOX), a recent IPO, had a spectacular reversal on Tuesday, bouncing off its low at 35, and closing up 4.45, or 12%, to 40.85 on 2.3 million shares traded. This is the stock's highest close since the IPO. If it gets through 43 1/2, watch for a move to the 48 range.

Workhorse Group Inc. (WKHS) exploded on Tuesday, up 1.67, or 8.5%, to 21.38 on a whopping 59.3 million shares traded. That’s the best volume for this stock since late June, early July. Price is right near the early July highs, and a breakout from here could get it to the 23-25 range next.

See our video chart analysis on these and 36 top charts (long & short).

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