Wheaton Precious Metals (WPM) looks like it put in a double bottom last week. It held just above $15 before closing at $16.13 on Friday with larger than normal volume. Platinum has been breaking out for some time and palladium has started to move as well. It is a matter of time before silver does the same. WPM is one of the better plays on silver.
Stocks to watch – SAIL, SSYS, AWK, and IRBT
Trade of the Week Archives
Large volume entered Seabridge Gold (SA) towards the end of September. SA increased by almost 50% from the middle of September to the middle of October. For the past couple of weeks Seabridge has been in correction mode. On Thursday a doji candle may have indicated the bottom of this pullback. SA gained 2.78% on Friday. Let’s see if this uptrend continues this week.
Stocks to watch – NRZ, AMZN, PEG, and KMB
Alarm.com (ALRM) has been in a steady uptrend since February of 2017. In October its stock price plummeted over 30% from its recent high. Last week ALRM managed to break above its 200 day moving average and closed in positive territory four days in a row. There is no doubt the mid-term elections are going to make the market volatile. Any trades put on early in the week should have tight stop losses on them.
Stocks to watch – BKS, SCS, ROKU, and ESPR
The Ultra Crude Oil Pro Shares (UCO) has lost 25% of its value since the beginning of October. Last week it tested and held its 200 day moving average and closed Friday in positive territory. There is a lot of controversy surrounding Saudi Arabia in the news. All their oil is backed by the US dollar. If uncertainty continues oil prices could begin to move higher.
Stocks to watch TCEHY, TAL, FIVN, NAT, and AEO
Ventas Inc. (VTR) one of the top assisted living REITs, managed to break above its 200 day moving average last week. It’s been in steady uptrend since the last week of April. Despite a wild overall market, VTR closed positive four out of five days last week. Ventas has a 5.65% dividend which makes it attractive as a long term hold.
Stocks to Watch – K, CTL, XOM, and THS
Seaworld Entertainment Inc Co (SEAS) has pulled back and is currently sitting on its 50 day moving average. The two previous times this occurred, a fifty percent breakout was achieved in the following six weeks. If it breaks out about $32 dollar resistance good things are in store for SEAS.
Stocks to watch – JWN, CROX, OLLI, and CRON
Realty Income Corp (O) has been in a steady uptrend since April. It did run into a lot of resistance just below $56. That area has turned into support. Larger than normal volume entered O on Friday, the MACD is getting set to crossover, and the relative strength index continues to climb.
Stocks to watch – OIH, JWN, SFM, KHC
Five9 Inc. (FIVN) has been in a 3 year uptrend. In early August, large volume continued to come into this stock. FIVN has been consolidating the past few weeks and looks like it could be set up for the next leg up in the not too distant future. Defiantly a stock you want to keep on your radar.
Stocks to watch - BOOT, SFIX, FNKO, and JD
Stratasys Ltd (SSYS) is one of many beaten down 3D printing stocks. That began to change at the beginning of August when large volume entered and began to drive the stock price up. It has been holding its first touch of the 50 day moving average. Let see it the momentum continues in SSYS this week.
Stocks to watch – UAA, AAA, USLV, and PM
Greentree Hospitality Group Ltd (GHG) went from $10 to $25 from early May to the beginning of June. Then it began to sell off and trade tariffs were implemented against China. Last week GHG held its previous lows and large buying volume drove the price back up. There is talk the trade tariffs may be rolled back this week. That would boost overall gains for the entire Chinese stock market.
Stocks to watch – KEM, VNDA, ARJD, and LLL
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