Weekly Picks of Stocks (Jun 1, 2020)

The following is a list of stocks for the week of May 26, 2020 – May 29, 2020 that show bullish and bearish trends.

May jobs report is due this week. US unemployment rate is expected to be 20%.

However, more businesses opened this past week across the country. This should help stabilize the rate of unemployment now and help reduce the rate going forward.

There were few stocks that showed bearish signal this past week and may offer a small bargain.

The bullish matches – Oversold RSI

None.

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
MDB MongoDB 26-May-20 Dark Cloud Cover 78.91
WIX Wix.Com Ltd 26-May-20 Belt Hold 75.19
WIX Wix.Com Ltd 26-May-20 Dark Cloud Cover 75.19
IRBT Irobot 26-May-20 Deliberation 84.78
NWSA News Corporation 27-May-20 Hanging Man 71.81
PAGP Plains GP Holdings, L.P. 27-May-20 Hanging Man 71.87
HRTX Heron Therapeutics 27-May-20 Hanging Man 73.94
SPWH Sportsman’s Warehouse Holdings 28-May-20 Dark Cloud Cover 79.05

 

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