Cavium Inc (CAVM) peaked at $92 in early March and has been in a downtrend until the beginning of May. Last week it closed in positive territory 3 times. CAVM managed to cross and close above its 200 day moving average on strong volume. Keep an eye on Cavium this week.
Stocks to watch – RHT, APHQF, FIVN, TRUP and MMYT
Trade of the Week Archives
Rare Earth / Strategic Metals Vaneck ETF (REMX) started its uptrend in July of 2017, but has been in correction mode in mid-January. It has tested and held the 200 day moving average multiple times. China owns a large majority of the rare earth metals in the world. If they would decide to put a tariff on the US prices could move rapidly.
Stocks to watch – AEO, MDR, and BGFV
Tencent Holdings ADR (TCEHY) was in a steady uptrend since the beginning of 2017. Once it hit the $60 resistance level it began to correct. Tencent is now trading just below its 200 day moving average. The MACD is turning bullish and the rsi gained a little strength last week. Keep watch on TCEHY this week.
Stocks to watch – GLOB, ENB, ZG, FIVE, and WMT
Fastenal Co. (FAST) has been consolidating for the past month. It corrected to its 200 day moving average where price declines seemed to have stopped. The past three trading days FAST has closed in positive territory and the technicals are improving. Watch FAST this week.
Stocks to watch – OCLR, CTL, and TGT
Square (SQ) looks to have finished its short term consolidation in early April. It touched the lower part of the channel and began to rise. Its trading volume has remained average but the MACD and RSI are beginning to move in the right direction.
Stocks to watch – BOTZ, MOMO, SNV, and RRR
KMG Chemicals (KMG) has been in a steady uptrend since December. Last week the RSI began to steadily rise and closed near 60. The past two run ups for KMG pushed the RSI close to 80. It is trading well above its 200 day moving average and managed to gain over 2% on Friday with the dow jones trading lower.
Stocks to watch – TRX, AJRD, GLUU, and SNR
Dineequity Inc (DIN) had a large buyer step into the market in mid-February. After a run to $80 it consolidated at $65 for a couple of weeks before breaking out early last week. The past four trading days DIN closed in positive territory. With a bullish MACD cross occurring Dineequity is a stock to keep on the radar this week.
Stocks to watch – ITB, Well, AA, and VCEL
Avery Dennison Crop (AVY) tested and held its 200 day moving average last week. On Thursday it put in the weeks high touching $107.03 before falling back to the $106 handle. It looks like AVY is ready to break above -100 on the commodity channel index. Keep an eye on this stock this week.
Stocks to watch – NYT, BYD, SPXL, and YELP
Stick Fix Inc. (SFIX) held the $20 area and began to breakout out late last week. It’s enjoyed four straight days of positive gains with three time’s normal volume entering this stock on Friday. SFIX is a new company to the market since its IPO in November of 2017. According to analysts its one year price target is $26.83.
Stocks to watch – AUY, UCO, SAIL, and ETSY
American Water Works (AWK) closed in positive territory four out of the past five trading days. It has been steadily breaking out since the beginning of February. The residual strength index and CCI continue to climb. As a whole, the water sector looks to be moving up.
Stocks to watch – GXP, SSW, HP, and WGO
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