Energy Fuels Inc (UUUU) has tested and held $3 for the past 3 weeks. The spot price of uranium has been breaking out since April and is now pricing at $29 per pound. That is almost 50% higher from its previous low. The MACD made a bullish crossover last week. UUUU may be set to rise this week.
Stocks to watch – GDOT, THS, MUX, and WPM
Trade of the Week Archives
Baidu Inc (BIDU) has held avove the $180 level over the past month. Larger than normal buying volume came in towards the end of October. Over the past couple of months the RSI continues to move upward. If the US and China come to some type of agreement, the Chinese market will experience gains across the board.
Stocks to watch – HTHT, UUUU, SYY, and AMRN
Cronos Group Inc (CRON) has been in consolidating since the middle of September. For the past couple of weeks this stock has tested and held its 200 day moving average, and closed higher for the past three trading days. There is still room for marijuana stocks to run higher in this market.
Stocks to watch – ETSY, TWLO, MKC, and ANTM
Wheaton Precious Metals (WPM) looks like it put in a double bottom last week. It held just above $15 before closing at $16.13 on Friday with larger than normal volume. Platinum has been breaking out for some time and palladium has started to move as well. It is a matter of time before silver does the same. WPM is one of the better plays on silver.
Stocks to watch – SAIL, SSYS, AWK, and IRBT
Large volume entered Seabridge Gold (SA) towards the end of September. SA increased by almost 50% from the middle of September to the middle of October. For the past couple of weeks Seabridge has been in correction mode. On Thursday a doji candle may have indicated the bottom of this pullback. SA gained 2.78% on Friday. Let’s see if this uptrend continues this week.
Stocks to watch – NRZ, AMZN, PEG, and KMB
Alarm.com (ALRM) has been in a steady uptrend since February of 2017. In October its stock price plummeted over 30% from its recent high. Last week ALRM managed to break above its 200 day moving average and closed in positive territory four days in a row. There is no doubt the mid-term elections are going to make the market volatile. Any trades put on early in the week should have tight stop losses on them.
Stocks to watch – BKS, SCS, ROKU, and ESPR
The Ultra Crude Oil Pro Shares (UCO) has lost 25% of its value since the beginning of October. Last week it tested and held its 200 day moving average and closed Friday in positive territory. There is a lot of controversy surrounding Saudi Arabia in the news. All their oil is backed by the US dollar. If uncertainty continues oil prices could begin to move higher.
Stocks to watch TCEHY, TAL, FIVN, NAT, and AEO
Ventas Inc. (VTR) one of the top assisted living REITs, managed to break above its 200 day moving average last week. It’s been in steady uptrend since the last week of April. Despite a wild overall market, VTR closed positive four out of five days last week. Ventas has a 5.65% dividend which makes it attractive as a long term hold.
Stocks to Watch – K, CTL, XOM, and THS
Seaworld Entertainment Inc Co (SEAS) has pulled back and is currently sitting on its 50 day moving average. The two previous times this occurred, a fifty percent breakout was achieved in the following six weeks. If it breaks out about $32 dollar resistance good things are in store for SEAS.
Stocks to watch – JWN, CROX, OLLI, and CRON
Realty Income Corp (O) has been in a steady uptrend since April. It did run into a lot of resistance just below $56. That area has turned into support. Larger than normal volume entered O on Friday, the MACD is getting set to crossover, and the relative strength index continues to climb.
Stocks to watch – OIH, JWN, SFM, KHC
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