Irobot Corp. (IRBT) just broke above its 200 day moving average on steady volume. In July it began to consolidate and continued to do so until December. For the past month IRBT has been steadily moving up. In the last three trading days this stock has closed in positive territory. This could be a great swing trade as well as a great set up for a position trade.
Stocks to watch – ALL, LVS, SPWH, WYNN, and GRMN
Trade of the Week Archives
Electronic Arts (EA) crossed above its 200 day moving average. I did so on higher than normal volume. On the commodity channel index it crossed into +100 territory. Definitely a stock to keep on the radar this week.
Stocks to watch – BITA, IGT, LVS, AND ICHR
Interface Inc. (TILE) consolidated and held the $24 handle. It closed in positive territory 3 out of the past 4 trading days and broke out on Friday. The RSI is headed up and the CCI just crossed over +100. If it can take out $25.70 nice gains may be had.
Stocks to watch – NGD, WR ,MTL, and HOV
NRG Energy (NRG) has launched higher after touching its 50 day moving average. The past two trading days this stock has closed positive and on much higher volume. A MACD cross looks like it is in the works and the RSI is beginning to rise. NRG is one stock you will want to watch this week.
Stocks to watch – CWT, SWN, XBI, PRTY, and UNG
Intel Corp (INTC) had seven days of tight consolidation before breaking out on Friday. It traded higher on 80% more volume than normal. The MACD is getting set to crossover and the RSI has broken above 50. INTC is one to keep on the radar this week.
Stocks to watch – GTLS, CTRL, KELYA, SOXL, and CWT
Esperion Therapeutics (ESPR) began to rally in the middle of November before pulling back to its 50 day moving average. Last week the $52 handle was held before breaking out and closing the week at $56.97. This stock continues to trade well over its 200 day moving average and should continue to do well going forward.
Stocks to watch – DXC, GDDY, ROBO, and NKE
Energy Bull 3x Direxion (ERX) held its 200 moving average on Monday last week and broke out the rest of the week. On Friday ERX trade just over 2.7 million shares, more than 70% of its normal volume. With Crude oil pricing at $58 a barrel. Energy should continue to do well next week.
Stocks to watch – NVDA, JNPR, PGH, ERF, and CVE
Visa (V) continues to move higher at a steady pace. In early July it broke through its 50 day moving average and has since remained above it. $112.91 is the higher it needs to take out before it can continue its uptrend.
Stock to watch – BSX, BLL, BWD,RSO and GNTX
Tractor Supply Co (TSCO) broke above its 200 day moving average on Tuesday and closed in positive territory four days in a row. It also took out resistance near $63.50. Volume is was light last week. If it can pick up this week nice gains may be in store.
Stocks to watch – FIW, URA, GFI, REGL, and NVO
Ross Stores Inc (ROST) has been in a steady uptrend since the end of July and has been in consolidation for the past month. Last week ROST closed positive 4 out 5 days while steadily gaining volume. Earnings are this week so a tight stop loss is must.
Stocks to watch YUMC, SKX, GPOR, and XIN
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