Weekly Picks of Stocks (July 13, 2020)

The following is a list of stocks for the week of Jul 06, 2020 – Jul 10, 2020 that show bullish and bearish trends.

Second quarter earnings start this week.  Prominent companies reporting in are Netflix(NFLX: $1.81/share expected), UnitedHealth Group (UNH: $5.18/share expected) and Delta Airlines (DAL: -4.12/share expected).

Will earnings or record Covid-19 cases in some states dictate the markets this week?

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
CACI CACI International Inc Jul 10, 2020 Piercing Line 27.9

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
SHOP Shopify Inc Jul 06, 2020 Upside Gap Two Crows 71.28
MELI MercadoLibre Jul 08, 2020 Hanging Man 72.91
HMY Harmony Gold Mining Jul 09, 2020 Dark Cloud Cover 76.99
BZUN Baozun Inc. Jul 09, 2020 Dark Cloud Cover 73.86
BZUN Baozun Inc. Jul 09, 2020 Belt Hold 73.86
MELI MercadoLibre Jul 09, 2020 Hanging Man 73.4
HCM Hutchison China MediTech Ltd. Jul 09, 2020 Hanging Man 78.91

 

Weekly Picks of Stocks (July 06, 2020)

The following is a list of stocks for the week of Jun 29, 2020 – Jul 02, 2020 that show bullish and bearish trends.

Without major financial news expected this week rising Covid-19 cases is expected to be in forefront for investors.  Decline in unemployment numbers and better than expected number of jobs added propelled major indices into the green last week.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
MSG Madison Square Garden Jun 29, 2020 Harami 29.65
ATEX Pdvwireless Jun 30, 2020 Piercing Line 29.11

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
ALT Altimmune, Inc. Jun 29, 2020 Upside Gap Two Crows 74.12
DSKE Daseke Inc Jun 29, 2020 Deliberation 79.1
EXPI Exp Realty Internati Jun 30, 2020 Hanging Man 85.56
GDOT Green Dot Jul 01, 2020 Deliberation 74.98
SA Seabridge Gold Jul 01, 2020 Hanging Man 71.1
MED Medifast Jul 01, 2020 Deliberation 76.76
CLCT Collectors Universe Jul 01, 2020 Three Inside Down 70.41
LRN K12 Jul 02, 2020 Deliberation 77.17

 

Weekly Picks of Stocks (June 29, 2020)

All 3 major indices(Dow Jones, S&P500 & Nasdaq) closed down last week.  Several states(Texas, Arizona, California, Florida and Nevada) showed sharp spike in their Covid-19 cases.  As a country US reported the highest daily cases the past week.

Experts claim this is not due to increased testing.  As a result those states are either re-closing the businesses or pausing their re-opening all together.

The increase was widely seen as the reason for the decline the past week.  Although most states are showing a decline in Covid-19 cases.

This week June’s jobs numbers will be released on Thursday.  Consensus is that it will show more jobs were added in June compared to May.  Unemployment numbers are also expected to decline.

What will the investors value this week?  Job or Covid-19 numbers?

Check our Top 5 stocks from the Energy Sector or Communications Sector for some ideas.

The following is a list of stocks for the week of Jun 22, 2020 – Jun 26, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
GILT Gilat Satellite Networks Jun 25, 2020 Hammer 27.8
THS Treehouse Foods Jun 26, 2020 Harami 28.86

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
BMRN BioMarin Pharmaceutical, Inc. Jun 22, 2020 Harami Cross 72.99
ACTG Acacia Research Jun 22, 2020 Hanging Man 74.31
AGTC Applied Genetic Technologies Corporation Jun 23, 2020 Hanging Man 77.14
CLCT Collectors Universe Jun 23, 2020 Belt Hold 75.21
CLCT Collectors Universe Jun 24, 2020 Three Outside Down 71.77
NVAX Novavax, Inc. Jun 26, 2020 Evening Star 74.21

 

Weekly Picks of Stocks (Jun 22, 2020)

The following is a list of stocks for the week of Jun 15, 2020 – Jun 19, 2020 that show bullish and bearish trends.

Following a nice gain on Monday last week the Dow 30 Index remained flat the rest of the week.  The Covid-19 cases are increasing in some of the states that re-opened their economies.  Some of the increases are not reflective of more testing. 

Real estate market data for May will be released this week.  The numbers are expected to lower than May last year but higher than April, 2020.   Will this offset the Covid-19 fears this week?

As for retail, NKE(Nike) will announce their earnings this week.  As with all retail for this quarter NKE earnings are expected to be down.   However, re-opening of the economy will benefit NKE in Q2.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
EE El Paso Electric Jun 16, 2020 Ladder Bottom 26.16

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
SE Spectra Energy Corp. Jun 16, 2020 Hanging Man 77.37
NVAX Novavax, Inc. Jun 19, 2020 Deliberation 75.6
WIX Wix.Com Ltd Jun 19, 2020 Deliberation 73.29

 

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

 

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

 

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

 

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

 

Weekly Picks of Stocks (Mar 18, 2020)

The following is a list of stocks for the week of May 11, 2020 – May 15, 2020 that show bullish and bearish trends.

Another $3T stimulus package in the works at the US Congress. States are allowing businesses to re-open. The later is most likely priced into the market. Now we see if the US can bend the Covid-19 infection down from flat. Still a long way to go.

We found more bears this week then Bullish this past week. TWLO showed a bearish signal this week. This would be a good stock to watch to go long if the price goes down enough.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
CINF Cincinnati Financial May 14, 2020 Piercing Line 28.73

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
TWLO Twilio May 11, 2020 Deliberation 87.35
NUS Nu Skin Enterprises, Inc. May 11, 2020 Belt Hold 70.2
IMMU Immunomedics May 12, 2020 Belt Hold 73.53
LOGI Logitech Int Sa May 12, 2020 Belt Hold 70.73
NBR Nabors Industries Ltd. May 13, 2020 Evening Star 72.77
PDD Pinduoduo Inc. May 15, 2020 Shooting Star 78.32

 

Weekly Picks of Stocks (May 11, 2020)

The following is a list of stocks for the week of May 04, 2020 – May 08, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
CINF Cincinnati Financial May 07, 2020 Harami 28.86

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
TEAM Atlassian Corp Plc May 05, 2020 Deliberation 71.78
NERV Minerva Neurosciences May 05, 2020 Upside Gap Two Crows 72.36
AAWW Atlas Air Worldwide May 07, 2020 Hanging Man 73.54
TORC Restorbio Inc May 07, 2020 Hanging Man 76.64
ENPH Enphase Energy May 08, 2020 Deliberation 71.29