Ventas Inc (VTR) is setting up on the chart for a possible move to the upside. VTR rallied in October and November before consolidating in December. Ventas remains well above the 200 day moving average and closed in positive territory 4 out of 5 days last week. For the long term investor looking for a good dividend, this stock makes sense. VTR has a dividend yield of 5.27%.
Stocks to watch – IQ, DENN, CTRL, and NVDA
Trade of the Week Archives
Fox Factory Cp (FOXF) has been range bound between $50-$70 for the past six months. It closed last week at $59.29 but the technicals are starting to turn positive. A couple weeks ago it tested and held its 200 day moving average. A bullish MACD crossover occurred last week and the RSI is headed up. Keep an eye on FOXF this week.
Stocks to watch – REMX, I, UUUU, and IRBT
Altria Group (MO) has been in a massive sell off since the beginning of November. As of last week it looks like the carnage might be over with higher than normal buying to the upside. MO also pays a healthy dividend, which makes it attractive to the long term investor. The overall market may be choppy going forward but Altria may be ready to move higher.
Stocks to watch – LABU, WMT, and AOBC
S&P Short Prshares (SH) is where you want to be with the ongoing market selloff and government shutdown headlines everywhere, the market is getting very nervous. I don’t think this is the major downturn everyone has been talking about for the past 10 years. In the short term take cover in SH
Stocks to watch, LABD, PHYS, and SQQQ
Seaworld Entertainment Inc Co (SEAS) has been breaking out over the past month despite the overall market declining. In the second and third quarter Seaworld more than doubled its stock price before hitting this recent pullback. Support was just below $24 and SEAS is trading well above its 200 day moving average.
Stocks to watch – MTCH, KEYS, BRX, and KRG
Energy Fuels Inc (UUUU) has tested and held $3 for the past 3 weeks. The spot price of uranium has been breaking out since April and is now pricing at $29 per pound. That is almost 50% higher from its previous low. The MACD made a bullish crossover last week. UUUU may be set to rise this week.
Stocks to watch – GDOT, THS, MUX, and WPM
Baidu Inc (BIDU) has held avove the $180 level over the past month. Larger than normal buying volume came in towards the end of October. Over the past couple of months the RSI continues to move upward. If the US and China come to some type of agreement, the Chinese market will experience gains across the board.
Stocks to watch – HTHT, UUUU, SYY, and AMRN
Cronos Group Inc (CRON) has been in consolidating since the middle of September. For the past couple of weeks this stock has tested and held its 200 day moving average, and closed higher for the past three trading days. There is still room for marijuana stocks to run higher in this market.
Stocks to watch – ETSY, TWLO, MKC, and ANTM
Wheaton Precious Metals (WPM) looks like it put in a double bottom last week. It held just above $15 before closing at $16.13 on Friday with larger than normal volume. Platinum has been breaking out for some time and palladium has started to move as well. It is a matter of time before silver does the same. WPM is one of the better plays on silver.
Stocks to watch – SAIL, SSYS, AWK, and IRBT
Large volume entered Seabridge Gold (SA) towards the end of September. SA increased by almost 50% from the middle of September to the middle of October. For the past couple of weeks Seabridge has been in correction mode. On Thursday a doji candle may have indicated the bottom of this pullback. SA gained 2.78% on Friday. Let’s see if this uptrend continues this week.
Stocks to watch – NRZ, AMZN, PEG, and KMB
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