We are adding 5 stocks to the watchlist this morning that shows signs of imminent follow through. These stocks will have the added benefit of a bullish open, as futures trade higher this morning, following the FED’s decision to buy individual US corporate bonds. That said, there is always a caveat; Powell is speaking at 10:00 AM today and at 12 PM tomorrow.
Top 5 – Watchlist Performance
We sold most of our position in Quidel (QDEL) on Monday. Our average entry on Friday, June 12 was 168.90. We sold most into strength yesterday near the highs of the day.
All 5 stocks look similar to OKTA.
- Price action has retreated to the bullish 21d and VBP support.
- RSI is above 50 and sloping higher.
- Volume is increasing, showing institutions are present
- MACD is turning and should cross in the next few days.
Okta, Inc. is a publicly-traded identity and access management company based in San Francisco. It provides cloud software that helps companies manage and secure user authentication into modern applications, and for developers to build identity controls into applications, website web services, and devices.
The other 4 stocks, in addition to stocks showing strength premarket, will be discussed during the LIVE broadcast, so be sure to tune in before the opening bell. We’ll start the broadcast at 9:15 AM EST.
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Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.
Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.
As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.
These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.