Weekly Picks of Stocks (June 15, 2020)

The following is a list of stocks for the week of Jun 08, 2020 – Jun 12, 2020 that show bullish and bearish trends.

Based on our analysis, trader trend is still bearish despite the increase in the overall markets on Friday after the Dow Jones index dropped almost 2000 points on Thursday.  We noticed the same 2 weeks prior as well.

Last week we noted LULU was showing bearish trend and they were scheduled to release their earning on Thursday.  The earnings came low, as expected.  Since our blog last Monday LULU has dropped 8%.  If you didn’t short this company last week it may be good to look for an opportunity to go long now.  Their income will go back up as re-opening of the economy in the US is well underway.

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
PE Parsley Energy Jun 08, 2020 Hanging Man 79.83
DVN Devon Energy Corp. Jun 08, 2020 Hanging Man 72.01
SBRA Sabra Health Care Reit Jun 08, 2020 Deliberation 76.0
WMS ADS Jun 08, 2020 Upside Gap Two Crows 72.86
HAL Halliburton Co. Jun 09, 2020 Hanging Man 71.29
TECK Teck Resources B Jun 09, 2020 Hanging Man 70.0
ENBL Enable Midstream Partners, LP Jun 09, 2020 Evening Star 73.22

 

Leave a Reply

Your email address will not be published. Required fields are marked *