Stocks

3 Charts To Watch This Earnings Season

Here are three stocks on the move, two ahead of earnings and one following a better-than-expected release.

Digital Turbine, Inc. (APPS) climbed 19 cents to $6.98 on 1.6 million shares Wednesday.  The move comes ahead of the expected November 4 earnings release by the company, whose software platform connects mobile operators and OEMs with mobile advertisers.  The stock, which earlier this week broke out of a nearly 2-month declining wedge, tested lateral resistance intraday before backing off.  A move through that $7.30-.35 resistance level could take it to our next target of $9.25.

InMode Ltd. (INMD) jumped 99 cents to $30.81 on 1.2 million shares Wednesday.  The move, which comes ahead of the expected November 5 quarterly report by the maker of aesthetic medical products, continued the stock's 3-day advance, which has taken it to a new high since its August IPO.  The stock is right up against the top of its rising 1-month channel, while the larger up-channel points to a target of around $40.

Winnebago Industries, Inc. (WGO), which we highlighted in last week's article when the stock was trading just above $40, popped $6.50, or 15%, to $49.24 on 2.6 million shares Wednesday.  The move, on more than 5x its average volume, followed the company's release of better-than-expected earnings and revenue.  The stock is now above a key resistance level from its June 2018 high, and the rising channel off its December 2018 low points to $52 next.  A move through there could be followed by a retest of the all-time high near $57. 

See Harry's video chart analysis on these stocks.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Harry Boxer

Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his trade alerts and technical market analysis. A 45-year veteran technical analyst and stock picker, Harry is author of "Profitable Day & Swing Trading," named by Stock Trader's Almanac as the "2015 Best Investment Book of the Year." Harry is a popular speaker at financial forums and conferences in the U.S. and internationally, including The Traders Expo and World Money Show, and widely syndicated on sites including MarketWatch, TheStreet, Minyanville, DecisionPoint, and more.

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