Weekly Picks of Stocks (May 26, 2020)
The following is a list of stocks for the week of May 18, 2020 – May 22, 2020 that show bullish and bearish trends.
This week ahead:
More states are allowing businesses to re-open. Social distancing is still in effect but the re-opening will offer much needed relief to the small businesses and US economy.
Covid-19 infections, hospitalization and death continue to decline. Local governments will continue to monitor the infection rates.
Common fears circulating news are the possible 2nd wave of infections. The initial outbreak of Covid-19 in the US happened just as it was coming out of flu season. Although, healthcare is now better equipped to handle the outbreak than last time there are still worries over how Covid-19 will be when the flu season starts again in September.
The bullish matches – Oversold RSI
The bearish matches – Overbought RSI
|Ticker||Company Name||Date||Chart Type||RSI|
|AVYA||Avaya Holdings Corp.||May 18, 2020||Deliberation||76.78|
|JD||JD.com||May 19, 2020||Dark Cloud Cover||73.19|
|PENN||Penn National Gaming||May 20, 2020||Deliberation||75.98|
|ENPH||Enphase Energy||May 20, 2020||Belt Hold||70.07|
|GPRO||General-Probe||May 20, 2020||Shooting Star||73.33|
|CLMT||Calumet Specialty Products Partners, L.P.||May 20, 2020||Deliberation||72.11|
|STKL||Sunopta||May 22, 2020||Hanging Man||72.6|