Sunpower Corp (SPWR) has been breaking out over the past few months. There are some large green candles on the chart that indicate to me big institutions have taken positions in SPWR. It looks like $12 resistance has now turned into support. Sunpower is one stock to keep an eye on this week.
Stocks to watch – WGO, WKHS, TQQQ, and VSLR
Trade of the Week Archives
Redfin Corp (RDFN) has been trending higher for the past 3 weeks. Big volume entered RDFN in early August. It consolidated sideways last week and is holding its 14 day moving average. Redfin should gain market share as real estate continues to climb higher. Its 1 year target price is $22.60.
Stocks to watch – BZUN, BYND, PAM, and SNAP
Ventas Inc (VTR) has been consolidating on its 50 day moving average for the past two weeks. On Friday it started to break out. Volume is a bit light, but real estate might a defensive way to play a volatile market. VTR also pays a 4.68% dividend. In August of 2017 and 2018 Ventas did well, let’s see if August 2019 is more of the same.
Stocks to watch – WING, FND, SNAP, and ICE
Aqua America (WTR) has been in a multi-year uptrend since the end of 2015. For the past couple months it has been in a sideways consolidation. Last week it tested and held the $40.50 area again before moving higher on Friday rising above its 14 day moving average.
Stocks to watch – RDFN, AWK, USAT, and PAYS
Avantor Inc (AVTR) had its IPO in the middle of May. It has been in business since 1904. AVTR has been range bound between $17-$19 for the last 8 weeks. It looks to have found support on its first touch of the 50 day moving average. Avantor has a 1 year target price is $21.35.
Stocks to watch – OSK, TACO, and CRON
Ollie’s Bargain CS (OLLI) had a sharp reversal last week. It broke above the 200 day moving average on slightly higher than normal volume. There was all a bullish macd crossover which has been great entry points for this stock in the past. The 1 year target price on this stock is $99.50.
Stocks to watch –ANF, FND, BWA, and SAND
Roku Inc. (ROKU) has been in a massive uptrend for the past 18 months. This is a direct result of cord cutting. Cable television is way too expensive and ROKU is solving that problem. It held the 50 day moving average and rose above the -100 CCI last week.
Stocks to watch – TWTR, DOMO, STNE, and FLNT
JetBlue Airways (JBLU) had large volume enter in March and April. It is currently testing the 50 day moving average for the second time in its current uptrend. On Thursday and Friday JBLU closed higher on rising volume. Earnings will be released in late July.
Stocks to watch – ZNGA, XPER, IRDM, and FND
Seaspan Corp (SSW) is a Hong Kong shipping company that has been steadily trending higher since March of 2018. After nearly a 40% move higher from March to April SSW has been consolidating for the past month. Seaspan closed in positive territory four consecutive days last week with large volume entering on Tuesday.
Stocks to watch – INCY, OLLI, VRRM and YETI
Floor & Décor Holdings (FND) held its 200 SMA at the end of May and began to break out last week. There seems to be bit of strength in real estate and anything tied to it in the equites market. FND has closed in positive territory for the past three days, with higher than normal volume on two of those days. Yahoo finance has a 1 year price target at $45.56, well above it current price of $39.30.
Stocks to watch – BLDR, TWO, CUZ, Riot and THS
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