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7 Stock To Watch: Teladoc Is On A Run And Dropbox Jumped

1. CNX Resources (CNX)

CNX Resources (NYSE:CNX), an oil and gas company, is doing well. It formed a double-bottom in March, ran up solid, and on Monday, it jumped another 2.25, or 21%, to 12.88, less than a dime off of the session and multi-week high at 12.97, on 8.2 million shares traded. The next target is 15 3/4.

2. Dropbox (DBX)

Dropbox (NASDAQ:DBX) broke out after it formed a V-bottom and double bottom in March, formed a platform, then took out resistance at 19.35 and the rally back at 20.04. On Monday it jumped 1.16, or 6%, to 20.34, just a nickel off the session high, on 8.5 million shares traded. My targets now are the 21-21 1/4 range, and then maybe as high as 21 3/4-22.

3. FLIR Systems, Inc (FLIR)

FLIR Systems, Inc. (NASDAQ:FLIR), a thermal cameras manufacturer, broke out of an inverse head-and-shoulders, and a right-hand extended-V on Monday, with a pop of 4.82, or 14%, to 38.97, with a session high of 39.64, on 5.7 million shares traded, and another 98 cents to 39.95 in after-hours. There is still more resistance at the 50-day moving averages at about 43 1/2. If it gets through that, I’m looking for a move up to 45.

4. Nordic American Tankers Limited (NAT)

Nordic American Tankers Limited (NYSE:NAT), on the premise that oil may have to be stored in tankers, moved up 77 cents, or 19%, to a late session high of 4.97, before pulling back and closing up 4.80, on 16 million shares traded on Monday. It’s up against resistance and has to get through 5.37, before running up to the next target at 6-6 1/2.

5. Pinduoduo (PDD)

Pinduoduo (NASDAQ:PDD), a Chinese e-commerce retail company, worked out well on Monday, moving up 5.65, or 13%, to 50.11, reaching a new all-time high of 51.48, on 18 million shares traded, and another 29 cents to 50.40, in after-hours. It’s at the top of the channel and at resistance. Let’s not forget it just had a move from 30 to 50.

6. Teladoc Health (TDOC)

Teladoc Inc (NYSE:TDOC) is on the run, and on Monday, it was up another 8.19, or 4.7%, to 181.46, with an all-time high of 183.50, on 2.8 million shares traded, and another 14 cents in after-hours. I’m looking for this stock to tag 200.

7. Teekay (TK)

Teekay Corporation (NYSE:TK), another junior oil stock, on Monday gained 67 cents, or 20 1/2%, to 3.93, and another 33 cents to 4.26 in after-hours, after reaching a session high of 4.06, on 4.8 million shares traded. That’s the biggest volume I’ve ever seen on this stock. You can see that there is potential for this stock to move to 4 1/2 and 5 1/4 going forward.

Stocks on the long side

Arrowhead Pharmaceuticals, Inc. (ARWR), Catasys, Inc. (CATS), Chembio Diagnostics, Inc. (CEMI), Compugen Ltd. (CGEN), Clovis Oncology, Inc. (CLVS), CNX Resources Corporation (CNX), Co-Diagnostics, Inc. (CODX), CytoDyn Inc. (CYDY), Dropbox, Inc. (DBX), Equillium, Inc. (EQ), Exelixis, Inc. (EXEL), FLIR Systems, Inc. (FLIR), Inovio Pharmaceuticals, Inc. (INO), Direxion Daily S&P Biotech Bull 3X Shares (LABU), Moderna, Inc. (MRNA), Nordic American Tankers Limited (NAT), Novavax, Inc. (NVAX),, Inc. (NASDAQ:OSTK), Pinduoduo Inc. (PDD), Schrodinger, Inc. (SDGR), Scorpio Tankers Inc. (STNG), Teladoc Health, Inc. (TDOC), Teekay Corporation (TK), VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI Natural Gas Index ER (UGAZ), Verastem, Inc. (VSTM), Vaxart, Inc. (VXRT), and Wayfair Inc. (W).

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