Universal Display (OLED) has been moving rapidly to the upside since February. It’s been consolidating for the past month. OLED tested and held the $108 handle multiple times. Last week it began to move back up closing higher 3 out the past 4 trading days. A bullish MACD cross makes this a stock to watch.
Stocks to watch NVO, PM, ADSK, and LDOS
Trade of the Week Archives
Stryker Corp (SYK) is moving in tandem with the rest the XLV. The health care sector has been moving steadily up since the end of November 2016. SYK previously tested and held its 50 day moving average and then broke out. It looks to be doing the same right now.
Stocks to Watch – NVDA, UAL, LITE, and VEEV
STI Inc. (STAG) has been in a steady uptrend for the past seven months. In the past three trading days it closed in positive territory with increasing volume. Last week it bounced off its day moving average, as it has done in recent months, before it made another move to the upside.
Stocks to watch ELY, TRUE, NOAH, and AAL
Yandex N.V. (YNDX) has been increasing steadily since the beginning of the year. Previous resistance at $25 has turned into support. Last week it closed in positive territory 4 out of 5 days. As a result the MACD made a bullish cross.
Stocks to watch – AMN, SALT, DXC, AND SORL
Altria Group (MO) was in consolidation from mid-March through the middle of May. It tested and held $70 multiple times before breaking to the upside. Speculation of Altria being bought out by Phillip Morris is moving MO higher. On Friday it broke out and closed at a new all-time high.
Stocks to watch – CALA, COUP, IR, AND CIT
Louisiana Pacific Corporation (LPX) has been in consolidation since the end of April. Last week it closed in positive territory 4 out of the past 5 trading days and remains well above its 200 day moving average. A couple of those trading days the stock traded above its normal volume.
Stocks to watch. WFM, GOGL, WING, and WING
Iridium Comm Inc (IRDM) Broke out from $8 at the beginning of March to almost $11 by the end of April. Since then this stock has has consolidated and held its 50 day moving average for the past three weeks. At the end of last week it looks like a new breakout to the upside might be in the works.
Stocks to watch – VRX, O, DBD, and WBA
Procter & Gamble Company (PG) has been in a sideways consolidation at $86 for the past month. The past three trading days this has closed in positive territory. On Friday it closed above its 200 day moving average.
Stocks to watch – LABD, KR, FXI, and GIS
Healthcare Realty Trust Inc. (HR) has had three consecutive positive closes. It has done so with larger than normal volume. Earlier this month it tested and held it’s 200 day moving average. With no earnings being reported in the near term makes this a stock to watch this week.
Stocks to watch – CHK, SXE, and HDS
Ventas Inc. (VTR) has had three consecutive trading days where the stock has closed higher. THE MACD is getting ready to cross over which has been bullish for this stock in the past. VTR broke above its 200 day moving average and the commodity channel index is headed towards +100.
Stocks to Watch – GBT, SNH, IDT, AND CBAY
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