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
Trade of the Week Archives
Last week Overstock.com Inc (OSTK) bounced off its previous low. On Thursday and Friday strong volume pushed the price above its 14 day ema. The overall crypto market is continuing to trend higher. From 2017 to early January of 2018 OSTK moved up over 600%. Keep close watch on Overstock this week.
Stocks to watch – TME, DKS, FTNT, and YETI
Stoneco Ltd (STNE) became a publicly traded stock in October of 2018. The price didn’t start to move higher until February. STNE doubled its price in six weeks when investors heard Warren Buffett took a position in it. Stoneco sold off hard in April, but it looks like the stock is starting to stabilize. STNE is one to keep on your watch list in the days ahead.
Stocks to watch – IRBT, YETI, MOMO, and BOOT
Incyte Corp (INCY) had over a 50% gain from December to February. It then entered a correction which sent it crashing down to its 200 day moving average. It has tested and held that average 3 times. On Thursday and Friday it closed in positive territory on increasing volume. INCY just crossed -100 on the commodity channel index, which makes it a stock to keep on your radar in in the days ahead.
Stocks to watch – SID, GH, AG, MEET, and LPSN
American Water Works (AWK) has been breaking out since late December. Last week it came back and touched its 50 day moving average, then began to move higher. Since 2009 AWK has gone nowhere but up and I believe it will do the same for the next year. The relative strength jumped on American Water Works last week.
Stocks to watch – CTL, CASA, DRI, and PZZA
Guardant Health Inc. (GH) was in a sideways grind before breaking out in mid-February. In a little over a month the stock almost tripled. Since mid-March GH has pulled back 50% and began to breakout last week. GH held its 50 day moving average in the correction and broke above the 14 day on Wednesday. The technicals seem to be lining up for Guardant Health.
Stocks to watch – SMAR, PM, WYND, and FTNT
Stratasys Ltd. (SSYS) gained nearly 70% from early January until the end of February. At the beginning of March a correction moved SSYS down 20%. Last week Stratysys broke above its 20 day moving average and closed in positive territory four out of five days. A bullish macd crossover occurred and with rising rsi. I looks like SSYS may be ready to break out again.
Stocks to watch – RAMP, MJ, WYND, and O
Snap Inc (SNAP) had its ipo in July of 2018 and plunged straight down until December. SNAP traded as low as $4.86. At the beginning of February, large volume poured into this stock. Since then it has broken through and retested its 200 day moving average. SNAP tested an held its 20 day moving average last week.
Stocks to watch – OSK, DBD, YEXT, ZTO and IRBT
Papa John’s Intl (PZZA) broke above its 200 day moving average with strong volume on Friday. For the past month PZZA has been in a steady uptrend. At its peak in late 2016, Papa Johns was trading at $90 per share. At $49.80 it might be time to take a look PZZA.
Stocks to watch – OSK, KL, FTDR, and FLO
Hewlett Packard (HPE) has had its first 50 day touch since it began breaking out in December. Last week HPE had three consecutive higher closes, with big volume coming into the market on Friday. The rsi continues to climb and the CCI is up over the -100 level.
Stocks to watch – YY, HUYA, EIDO, and NUAN
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