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
Trade of the Week Archives
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
Century Casinos IN (CNTY) has been steadily rising since November, along with the rest of the gaming stocks. On Thursday last week CNTY test and held its 50 day moving average with a doji candle. A new upswing may be coming this week. Century Casinos is reporting earning on Monday so plan accordingly if taking a position.
Stocks to watch – USX, GLPI, TECD, TRVG, and JYNT
Iron Mountain Inc (IRM) broke out at the end of December and made a 20% gain by the end of January. Last Wednesday, IRM had its first test and hold of the 50 day moving average. If you have read Williams J O’Neil’s book “How to Make Money In Stocks” he liked to be stocks breaking out that pull back to the 50 day average. Let see if that theory holds true with Iron Mountain Inc. Over the past couple of weeks larger than normal volume is making its way into this stock.
Stocks to watch – EHTH, UUP, WWE, and GLUU
Yandex N.V. (YNDX) has been moving steadily up over the past six weeks. Its recent test and hold of the 200 day moving average leads me to believe YNDX is going to continue to trend higher. Large volume has shown up in this stock over the past couple of weeks.
Stocks to watch – OHI, NOK, UXIN, and CCJ
Crocs Inc (CROX) has been in a solid uptrend since May of 2017. On a two year chart, it has been using the 14 EMA as support the whole way up. After consolidating for over a month CROX began to resume its accent. On Thursday and Friday of last week this stock moved up on higher than normal volume.
Stocks to watch – DAN, DBD, CCJ, and FNV
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