Weekly Picks of Stocks (June 08, 2020)

The following is a list of stocks for the week of Jun 01, 2020 – Jun 05, 2020 that show bullish and bearish trends.

2.5 million jobs were added in May. The unemployment was down to 13.3% instead of the expected 20%.

Markets responded positively. The Dow Jones gained close to 7%, S&P 500 was up 5% and Nasdaq was 3.5% for the week.

Despite that we found a few stocks that are showing bearish signals this week.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
None

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
TYL Tyler Technologies Jun 02, 2020 Hanging Man 73.03
LULU Lululemon Athletica Jun 03, 2020 Deliberation 83.73
UAL United Continental Holdings Jun 05, 2020 Belt Hold 74.15
DAL Delta Air Lines Jun 05, 2020 Belt Hold 75.25
JCI Johnson Controls Jun 05, 2020 Deliberation 75.0
CBRE CBRE A Jun 05, 2020 Deliberation 73.9
BAP Credicorp Jun 05, 2020 Deliberation 73.23

 

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