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


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