Avantor Inc (AVTR) had its IPO in the middle of May. It has been in business since 1904. AVTR has been range bound between $17-$19 for the last 8 weeks. It looks to have found support on its first touch of the 50 day sma. Avantor has a 1 year target price is $21.35.
Stocks to watch – FVRR, TACO, and CRON
Trade of the Week Archives
Ollie’s Bargain CS (OLLI) had a sharp reversal last week. It broke above the 200 day moving average on slightly higher than normal volume. There was all a bullish macd crossover which has been great entry points for this stock in the past. The 1 year target price on this stock is $99.50.
Stocks to watch –ANF, FND, BWA, and SAND
Roku Inc. (ROKU) has been in a massive uptrend for the past 18 months. This is a direct result of cord cutting. Cable television is way too expensive and ROKU is solving that problem. It held the 50 day moving average and rose above the -100 CCI last week.
Stocks to watch – TWTR, DOMO, STNE, and FLNT
JetBlue Airways (JBLU) had large volume enter in March and April. It is currently testing the 50 day moving average for the second time in its current uptrend. On Thursday and Friday JBLU closed higher on rising volume. Earnings will be released in late July.
Stocks to watch – ZNGA, XPER, IRDM, and FND
Seaspan Corp (SSW) is a Hong Kong shipping company that has been steadily trending higher since March of 2018. After nearly a 40% move higher from March to April SSW has been consolidating for the past month. Seaspan closed in positive territory four consecutive days last week with large volume entering on Tuesday.
Stocks to watch – INCY, OLLI, VRRM and YETI
Floor & Décor Holdings (FND) held its 200 SMA at the end of May and began to break out last week. There seems to be bit of strength in real estate and anything tied to it in the equites market. FND has closed in positive territory for the past three days, with higher than normal volume on two of those days. Yahoo finance has a 1 year price target at $45.56, well above it current price of $39.30.
Stocks to watch – BLDR, TWO, CUZ, Riot and THS
Winnebago Industries (WGO) has been in a steady uptrend over the past five months after suffering a terrible selloff in 2018. WGO closed above the 50 day moving average on Friday. The rsi and the cci are both moving higher. Keep tabs on Winnebago this week.
Stocks to watch – RGR, YETI, UAA, and NAVI
As a whole, the Chinese market has been beaten up in the trade war. I personally believe this is short term noise. Last week there were a couple China stocks that began to move higher. One of them was New Oriental Education & Technology Group. (EDU) This stock has had five consecutive up days, with strong volume coming into the market on Tuesday. A bullish macd cross over will likely occur this week. EDU is one to watch when it getting moving.
Stocks to watch – WPM, YUMC, HLT, and QCOM
Raymond James Financial (RJF) broke above its 200 day moving average in early April. It then came back and re tested the 200 SMA and held before starting to trend higher last week. The MACD and RSI are beging to trend higher. Volume is a bit low but RJF should be one stock watch this week.
Stocks to watch – WGO, HTHT, SIL, and AES
Terraform Power Inc (TERP) received a large amount of buying volume in mid-January and again in March. Terraform gained almost 40% from December to April but started to consolidate six weeks ago. TERP finished the week at $13.56 and closed above its 50 day moving average. If the MACD crosses next week, TERP could make its way to the previous high of $14.45.
Stocks to watch – OSTK, ANF, BILI, and CIEN
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