Stratasys Ltd (SSYS) is one of many beaten down 3D printing stocks. That began to change at the beginning of August when large volume entered and began to drive the stock price up. It has been holding its first touch of the 50 day moving average. Let see it the momentum continues in SSYS this week.
Stocks to watch – UAA, AA, USLV, and PM
Trade of the Week Archives
Greentree Hospitality Group Ltd (GHG) went from $10 to $25 from early May to the beginning of June. Then it began to sell off and trade tariffs were implemented against China. Last week GHG held its previous lows and large buying volume drove the price back up. There is talk the trade tariffs may be rolled back this week. That would boost overall gains for the entire Chinese stock market.
Stocks to watch – KEM, VNDA, ARJD, and LLL
Intelsat S.A. (I) has made a six fold move since the beginning of April. On Thursday Intelsat had its first 50 day touch and closed positive on Friday. Volume is light but the RSI is starting to rise and the cci is looking to cross above -100 this week.
Stocks to watch – MAT, VLRS, KO, and NUAN
22nd Century Group Inc (XXII) has been steadily gaining ground over the past couple weeks on higher than normal volume. The overall marijuana market has been making large moves. Last week XXII crossed its 200 day moving average, and had a bullish MACD cross. This stock can move very quickly when it gets going.
Stocks to watch – SHAK, THC, KMB, and HLX
Kemet Corp (KEM) hit $30 and began to consolidate back to $22 over the past month. Last week KEM closed in positive territory all five trading days. A bullish MACD crossover occurred on Friday. Each day last week the volume traded below its normal average. Watch KEM this week.
Stocks to watch – ACBFF, MEET, LYV, and GEN
American Outdoor Brands Corp (AOBC) has seven consecutive positive closes. On Thursday almost 2 million shares traded, that is almost double its normal trading volume. This stock has been punished with the election of President Trump. At the moment there is no fear of the second amendment rights disappearing. AOBC held its previous low close to $9.00 before breaking out the past couple of weeks.
Stocks to watch – FL, GBTC, DAR, and MNTA
Wayfair Inc. (W) broke out from the beginning of May through the end of July. It then experienced over a 16% pullback to $107. It proceeded to hold its 50 day moving average before breaking out last week. On Friday larger than normal volume pushed W higher. The RSI continues to gain since the beginning of August. Keep an eye on Wayfair this week.
Stocks to watch – NDLS, MOMO, and SFIX
Lululemon Athletica (LULU) has been in consolidation between $120 and $130 for the past couple of months. It is still range bound but LULU did have four straight positive closes last week. THE MACD is looking like it could be getting ready to cross, and the overall apparel markets have been gaining nicely. It’s last breakout yield a return of 50% in a little over 2 months.
Stocks to watch – THO, ICHR, CCJ, and CBIS
Cronos Group Inc (CRON) has been range bound for the past five months between $5.50 and $8.00. Last week it held its 200 day moving average four days in a row. Volume is a bit weak but if CRON starts to move it could make an attempt at $7.
Stocks to watch – CGC, XES, ABX, and TEVA
Noah Holdings LTD (NOAH) gained almost 5% on Friday. The stock traded below its 200 day moving average before blasting above it last week. Lately, the Chinese stocks have been in correction mode with the talk of tariffs. NOAH had a bullish MACD crossover late last week. Lets see if that momentum stays in place.
Stocks to watch – BTU, CTRP, and UAA
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