American Water Works (AWK) closed in positive territory four out of the past five trading days. It has been steadily breaking out since the beginning of February. The residual strength index and CCI continue to climb. As a whole, the water sector looks to be moving up.
Stocks to watch – GXP, SSW, HP, and WGO
Trade of the Week Archives
Cevron Corp. (CVX) has stabilized from its 20% selloff that started in at the end of January. Last week CVX closed in positive territory 4 out of 5 days with higher than average volume. For the long term investor Chevron carries a dividend near 4%. This buying could have been related to an IEA report that stated the US is set to become the world’s largest oil producer by 2023.
Stocks to watch – FB, KO, FAS, and WING
Phillip Morris (PM) had a large selloff in the beginning of February and has since put in a v shaped bottom. On Thursday and Friday PM closed in positive territory on higher than normal volume. Buying volume has been steadily increased since mid-February. With the MACD and commodity channel index going higher, Phillip Morris is a stock to keep on you watch list this week.
Stocks to watch – SNAP, EFX, P, and BZQ
Momo Inc Ads (MOMO) found its bottom at the beginning of December and has steadily made gains. On Friday the largest buying volume in sometime entered the market as MOMO crossed above its 200 day moving average. This is a stock that is on the radar of position traders. With the MACD crossing at the beginning of last week MOMO is stock to watch for the foreseeable future.
Stocks to watch – CY, DO, BLDR, IP and HP
Suncor Energy Inc. (SU) has been in a steady uptrend since July of 2017. In January it ran into major resistance at $38 and began to consolidate. It tested and held its 200 day moving average before breaking out last week. Large buying volume entered the market on February 9th which started to drive the RSI up.
Stocks to watch – CARS, SYY, STLD, AND HRL
Dollar General Corp. (DG) began its massive run in September, pulling back to its 50 day moving average once in November. With the massive market selloff last week DG pull back and held its 50 day moving average again. If the overall market stabilizes this would be a great entry in this up trending stock. In the past nice gains have occurred when this stock broke above -100 on the commodity channel index.
Stocks to watch – LITE, TGT, TECK, and BBY
The Gold Minors Bear 3X Direxion (DUST) put in a double bottom at $19 at the end of January. Since that time it has gained in price and volume. The correction to the upside has occurred as the dollar has regained a little bit of strength. DUST may continue to gain this week if the dollar can remain stable.
Stocks to watch – WRK, BOOT, TBT, and ESPR
Planet Fitness (PLNT) has been in an uptrend since April of 2017. Since the beginning of January, this stock has had a 10% correction and has been consolidating over the past week. PLNT held its 50 day moving average. The stochastic and rsi began to climb higher last week. Planet Fitness should be on your radar this week.
Stocks to watch – LAMR, MEOH, EAT, and PE
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
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