Intrepid Potash Inc. (IPI) briefly touched its 50 day moving average for the first time since June last Thursday, and then proceeded to move higher on Friday. IPI test $3.80 five times last week. Volume is a little light but this stock has steadily been moving higher since May. Watch IPI this week.
Stocks to watch – TDC, UGLD, and W
Trade of the Week Archives
Franco Nevada Corp. (FNV) has had a good sized correction since the beginning of September when it hit $85 a share. Today it sits at $79.19. RSI began to move up last week and the stock has closed in positive territory 3 out of the past 4 trading days. With the spot gold price moving up on Friday keep an eye on FNV this week.
Stocks to watch – ESPR, NG, JBLU, and COR
Coresite Realty Corp. (COR) closed positive five days in a row last week. It tested at held $108.00 multiple times. Since last November this stock has gone from $65 to $120 and is currently sitting at $111.90. This stock is one to keep an eye on this week.
Stocks to watch – CRM, Z, BIDU, and YINN
Navient (NAVI) had a large volume day on September 15th with over 7 million shares traded. That is more than triple its average. For the past year NAVI has been range bound between $13 and $17. The residual strength index has been steadily climbing since the end of August. At $14.78 Navient is a stock to keep on you watch list this week.
Stocks to watch – CLVS, SND, BWXT, and PVG
First Solar (FSLR) has been in a steady uptrend since the end of April. Last the stock price touched its 50 day moving average for the first time. Over five million shares were traded on Friday. That is more than double its normal volume.
Stocks to watch – APRN, GNC, CHD, SITO, and NVDA
Twitter (TWTR) has had three consecutive positive closes. On Thursday it broke above its 200 day moving average and trended up on Friday. Earnings on TWTR won’t happen until the last week in October. Keep an eye Twitter this week.
Stocks to watch – BGC, KMPR, AIV, and QIWI
Welltower Inc (HCN) MACD has crossed above the 0 line. The two previous crosses resulted in higher prices. There is a lot of resistance at $74. If that price can be taken out this stock could move up. Volume has been strong the past few trading days.
Stocks to watch – WING, LGIH, LNC, AND RH
Uranium Energy (UEC) has fallen over 25% in the past month. Last week it tested and held $1.30 multiple times. The rsi is week at the moment but it may change quickly with a cross above its 200 day moving average of $1.37.
Stocks to watch USO, HCN, and LABU
Skechers U.S.A (SKX) crossed above its 200 day moving average on big volume at the end of May. It proceeded to rally up to $30 until the first week of July and has since been range bound between $27.50 and $29.50. Last week it closed positive 4 times in 5 days of trading. A break above $30 be a great entry.
Stocks to watch – BDX, MSFT, and FSLR
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.