Bed Bath & Beyond Inc. (BBBY) continued higher on Wednesday, up 1.80, or 8%, to 23.95 on 25.5 million shares traded, analyzes Harry Boxer of TheTechTrader.com.
It is nearing the top of the channel and lateral resistance now. You might see it carry forward to 27.00.
NIO Inc. (NIO) made an explosive move on Wednesday, up 4.88, or 22.6%, to 26.50, on a whopping 382 million shares traded. The move came on an analyst rating upgrade on the China-based electric-vehicle company. Wednesday's move broke the stock out of a wedge, with next trendline resistance near the 31 level. Niu Technologies (NIU) ran up 1.81, or 6.6%, to 29.18 on 2.3 million shares traded Wednesday. The stock recently broke through a three-month consolidation pattern, literally going from 18 to 30 in two weeks. It looks like it might have some momentum to the mid-30’s.
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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.
