Weekly Picks of Stocks (May 26, 2020)

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

None

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

 

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