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
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|
|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|