Uranium Energy (UEC) has fallen over 25% in the past month. Last week it tested and held $1.30 multiple times. The rsi is week at the moment but it may change quickly with a cross above its 200 day moving average of $1.37.
Stocks to watch USO, HCN, AMD and LABU
Trade of the Week Archives
Skechers U.S.A (SKX) crossed above its 200 day moving average on big volume at the end of May. It proceeded to rally up to $30 until the first week of July and has since been range bound between $27.50 and $29.50. Last week it closed positive 4 times in 5 days of trading. A break above $30 be a great entry.
Stocks to watch – BDX, MSFT, and FSLR
Wayfair Inc. (W) had its first touch of the 50 day moving average since its breakout started in early March. Strong buying entered on that. For the past couple months W has been consolidating between $75 and $80. The next leg up looks like it has begun.
Stocks to watch – TSLA, BZUN, and ITB
Anglogold Ashanti LTD (AU) tested and held $9.50 multiple times in the month of July. It closed positive 3 out of the past four trading days. With the commercial banks lightening up their short positions and the spot price of gold rising may make AU a good set up this week.
Stocks to watch – SLB, LYSCF, INTC, and AMGN
Abbvie Inc has been steadily climbing along with the rest of the health care sector. It has spent most of July consolidating on its 20 day moving average and last week it began to breakout. The MACD is starting to cross. The previous crosses led to nice gains.
Stock to Watch – SCO, IRBT, and LXRX
Universal Display (OLED) has been moving rapidly to the upside since February. It’s been consolidating for the past month. OLED tested and held the $108 handle multiple times. Last week it began to move back up closing higher 3 out the past 4 trading days. A bullish MACD cross makes this a stock to watch.
Stocks to watch NVO, PM, ADSK, and LDOS
Stryker Corp (SYK) is moving in tandem with the rest the XLV. The health care sector has been moving steadily up since the end of November 2016. SYK previously tested and held its 50 day moving average and then broke out. It looks to be doing the same right now.
Stocks to Watch – NVDA, UAL, LITE, and VEEV
STI Inc. (STAG) has been in a steady uptrend for the past seven months. In the past three trading days it closed in positive territory with increasing volume. Last week it bounced off its day moving average, as it has done in recent months, before it made another move to the upside.
Stocks to watch ELY, TRUE, NOAH, and AAL
Yandex N.V. (YNDX) has been increasing steadily since the beginning of the year. Previous resistance at $25 has turned into support. Last week it closed in positive territory 4 out of 5 days. As a result the MACD made a bullish cross.
Stocks to watch – AMN, SALT, DXC, AND SORL
Altria Group (MO) was in consolidation from mid-March through the middle of May. It tested and held $70 multiple times before breaking to the upside. Speculation of Altria being bought out by Phillip Morris is moving MO higher. On Friday it broke out and closed at a new all-time high.
Stocks to watch – CALA, COUP, IR, AND CIT
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