Noah Holdings LTD (NOAH) gained almost 5% on Friday. The stock traded below its 200 day moving average before blasting above it last week. Lately, the Chinese stocks have been in correction mode with the talk of tariffs. NOAH had a bullish MACD crossover late last week. Lets see if that momentum stays in place.
Stocks to watch – BTU, CTRP, and UAA
Trade of the Week Archives
Foot Lock (FL) began to breakout at the end of May. Since the middle of June it was been in consolidation and is holding at $52. The consumer discretionary sector had a strong second quarter, which Foot Locker is a part of. Volume has been light but FL may be getting set up for a 50 day moving average bounce.
Stocks to watch – CROX, SEDG, RHT and RL
Tenet Healthcare Corp. (THC) began its uptrend in January of 2018 and is currently up over 130% YTD. In April THC ran into its 50 day moving very briefly before blasting higher on strong volume. Last Friday, it once again tested and held the 50 SMA and began to move up. The RSI has been steadily increasing since the end of June.
Stocks to Watch – VALE, MO,ZNGA, and HST
Platform Specialty Products Corp (PAH) has been rallying for the past couple of months. It has done so on very strong volume. On Thursday and Friday of last week it held its 50 day moving average and began to move up. PAH climbed above -100 on the commodity channel index. On the two previous breakouts that CCI cross began an new uptrend.
Stocks to watch – IAG, DATA, TCEHY, and MOM
Pioneer Energy Services Corp (PES) began a massive uptrend in the beginning of May. For the past month. Last week PES pulled back to its 50 day moving average and began to rise on increasing volume. The slow stochastic, rsi, and cci have all been increasing over the past week. If this oil rally continues expect PES to increase in price.
Stocks to watch – IPI, TNK, and PDS
Penn Natl Gaming Inc (PENN) was range bound for over two months before breaking out at the end of April. On Thursday of last week PENN pulled back and held its 50 day moving average. Upon that touch price increased and higher volume followed. That trend should continue this week.
Stocks to watch – BLMN, SC, and NOK
Flowers Foods (FLO) has been in correction mode since the beginning of May. The correction looks to be over as FLO has tested and held its 200 moving average. The MACD crossed over last week and the RSI has been steadily rising for the past couple of weeks.
Stocks to watch – YNDX, JD, and AA
Realpage Inc. (RP) has been in a steady uptrend for the past six months. Last Friday more than four times its normal volume traded to the upside. There has been a lot of consolidation taking place at the fifty day moving average. RP is one to keep on your watch list this week.
Stocks to watch – BIDU, HCC, GLW, PAGS, and CSCO
Etsy Inc (ETSY) has been in a massive uptrend since the beginning of February. ETSY pulled back to the 50 day moving average and held before breaking out on Friday. It has closed positive three days in a row and the MACD cross looks like it could happen this week.
Stocks to watch – FSM, AEP, UAA, and IRBT
Cavium Inc (CAVM) peaked at $92 in early March and has been in a downtrend until the beginning of May. Last week it closed in positive territory 3 times. CAVM managed to cross and close above its 200 day moving average on strong volume. Keep an eye on Cavium this week.
Stocks to watch – RHT, APHQF, FIVN, and MMYT
This website provides information to traders and investors. Trade at your own risk. Before buying or selling any stock or investment, please consult with a qualified financial advisor.