Crocs Inc (CROX) has been in a solid uptrend since May of 2017. On a two year chart, it has been using the 14 EMA as support the whole way up. After consolidating for over a month CROX began to resume its accent. On Thursday and Friday of last week this stock moved up on higher than normal volume.
Stocks to watch – DAN, DBD, CCJ, and FNV
Trade of the Week Archives
Mccormick & Company Inc (MKC) is one those buy and hold blue chip stocks that has been traded publicly since 1980. MKC has had over a 20% correction in the past couple of months, but looks to have bottomed around the $120 handle. On Friday it closed above its 200 day moving average for the first time in three weeks. Let’s see if that trend continues this week.
Stocks to watch – HRL, VZ, SNAP, and GOOS
Dominion Resources (D) blasted through its 200 day moving average on higher than normal volume. D had four consecutive positive closes last week and he relative strength index roses steadily. Dominion Resources is a stock to keep an eye on this week.
Stocks to watch – ADIL, JNJ, KO, and OLLI
Ollies Bargain CS (OLLI) has closed positive for the past three trading days. On Friday it gained close to 4% and broke through its 200 day moving average. According to yahoo finance its one year target estimate is $89.79, well above its current price at $78.12. OLLI looks to be gaining traction after its big December correction.
Stocks to watch RGLD, I, FNSR, and RGEN
Coca-Cola Company (KO) traded well over 30 million shares at the end of December. That is more than double its normal trading volume. For the past few weeks KO has been in consolidation but the rsi continues to rise. Coca-Cola is one to keep on the radar this week.
Stocks to watch – THO, FXI, and TTD
Ventas Inc (VTR) is setting up on the chart for a possible move to the upside. VTR rallied in October and November before consolidating in December. Ventas remains well above the 200 day moving average and closed in positive territory 4 out of 5 days last week. For the long term investor looking for a good dividend, this stock makes sense. VTR has a dividend yield of 5.27%.
Stocks to watch – IQ, DENN, CTRL, and NVDA
Fox Factory Cp (FOXF) has been range bound between $50-$70 for the past six months. It closed last week at $59.29 but the technicals are starting to turn positive. A couple weeks ago it tested and held its 200 day moving average. A bullish MACD crossover occurred last week and the RSI is headed up. Keep an eye on FOXF this week.
Stocks to watch – REMX, I, UUUU, and IRBT
Altria Group (MO) has been in a massive sell off since the beginning of November. As of last week it looks like the carnage might be over with higher than normal buying to the upside. MO also pays a healthy dividend, which makes it attractive to the long term investor. The overall market may be choppy going forward but Altria may be ready to move higher.
Stocks to watch – LABU, WMT, and AOBC
S&P Short Prshares (SH) is where you want to be with the ongoing market selloff and government shutdown headlines everywhere, the market is getting very nervous. I don’t think this is the major downturn everyone has been talking about for the past 10 years. In the short term take cover in SH
Stocks to watch, LABD, PHYS, and SQQQ
Seaworld Entertainment Inc Co (SEAS) has been breaking out over the past month despite the overall market declining. In the second and third quarter Seaworld more than doubled its stock price before hitting this recent pullback. Support was just below $24 and SEAS is trading well above its 200 day moving average.
Stocks to watch – MTCH, KEYS, BRX, and KRG
This website provides information to traders and investors. Trade at your own risk. Before buying or selling any stock or investment, please consult with a qualified financial advisor.