Esperion Therapeutics (ESPR) began to rally in the middle of November before pulling back to its 50 day moving average. Last week the $52 handle was held before breaking out and closing the week at $56.97. This stock continues to trade well over its 200 day moving average and should continue to do well going forward.
Stocks to watch – DXC, GDDY, ROBO, and NKE
Trade of the Week Archives
Energy Bull 3x Direxion (ERX) held its 200 moving average on Monday last week and broke out the rest of the week. On Friday ERX trade just over 2.7 million shares, more than 70% of its normal volume. With Crude oil pricing at $58 a barrel. Energy should continue to do well next week.
Stocks to watch – NVDA, JNPR, PGH, ERF, and CVE
Visa (V) continues to move higher at a steady pace. In early July it broke through its 50 day moving average and has since remained above it. $112.91 is the higher it needs to take out before it can continue its uptrend.
Stock to watch – BSX, BLL, BWD,RSO and GNTX
Tractor Supply Co (TSCO) broke above its 200 day moving average on Tuesday and closed in positive territory four days in a row. It also took out resistance near $63.50. Volume is was light last week. If it can pick up this week nice gains may be in store.
Stocks to watch – FIW, URA, GFI, REGL, and NVO
Ross Stores Inc (ROST) has been in a steady uptrend since the end of July and has been in consolidation for the past month. Last week ROST closed positive 4 out 5 days while steadily gaining volume. Earnings are this week so a tight stop loss is must.
Stocks to watch YUMC, SKX, GPOR, and XIN
The Direxion S&P Biotech Bull 3x (LABU) has been steadily rising since the end of May. It tested at held $70, consolidated and broke out at the end of last week. RSI has been increasing since the end of October. Be careful this is a three times leveraged play. With a stock like this stop losses are very important.
Stocks to watch – PTLA, XBI, BITA, and SPWR
Myriad Genetics Inc (MYGN) Has been breaking out since the beginning of February 2017. In the past couple of weeks the price has trended down to $33.50 where it tested and held its 50 day moving average. The last two times this stock price touched the 50 day it was followed by a large move to the upside. Volume was low on Thursday and Friday last week. Watch MYGN this week.
Stocks to watch – SWN, IMMU, CTRL, and ROBO
On Friday Winnebago Industries (WGO) broke out to a new high. The past three trading days this stock has closed higher on more than double its average trading volume. With 10,000 baby boomers retiring every day in the United States, they are buying their dream recreational vehicle.
Stocks to watch – GPRO, AEO, and GNRC
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
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
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