Weekly Picks of Stocks (09/13/2021)

U.S. Labor Department Consumer Pricing Index will be released this week on Thursday.  Click here to see their publications.  CPI is the most widely used indicator of inflation that measures the average changes in prices of consumer goods and services.  A small increase from July is expected.  Consensus from major financial firms is that inflation will remain high until early 2022.   Federal Reserve as of a few weeks ago reiterated that this is expected but also temporary and therefore, no changes to interest rates will be made.

U.S. Commerce Department will release the August retails sales report in Thursday.  Click here to see their publications.  Retail sales were down in July.  It is also expected to decline in August as Covid related enhanced unemployment benefits have expired.

No major company earnings report for 2Q 2021 this week.

The following is a list of stocks for the week of Sep 06, 2021 – Sep 10, 2021 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
BIIB Biogen, Inc Sep 09, 2021 Doji Star 22.37
BIIB Biogen, Inc Sep 10, 2021 Doji Star 22.25

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
NTNX Nutanix Inc Sep 07, 2021 Deliberation 77.94
MDB MongoDB Sep 07, 2021 Belt Hold 78.51
MDB MongoDB Sep 07, 2021 Dark Cloud Cover 78.51
BRKR Bruker Sep 07, 2021 Hanging Man 73.79
ASND Ascendis Pharma A/S Sep 07, 2021 Three Outside Down 70.46
CACC Credit Acceptance Sep 07, 2021 Belt Hold 75.7
CCJ Cameco Sep 08, 2021 Hanging Man 82.65
ODFL Old Dominion Freight Lns Sep 08, 2021 Hanging Man 72.22
VRNS Varonis Systems Sep 08, 2021 Belt Hold 70.88

Leave a Reply

Your email address will not be published.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