The stocks below have ADX rising above 20, exhibiting bullish trends, wherein the underlying price action has begun to strengthen noticeably.
These stocks are ranked by intraday performance. Some are too cheap to play, so we’ll pass on the likes of HZN.
Banks and Financial Stocks Strengthen
As the trend in banks strengthens, look for follow through in FNCL. The Fidelity Financials Index ETF along with FAS and XLF show improving performance.
FNCL printed an expansion bar yesterday. This type of candle usually proceeds a follow through and bullish trend.
Make sure to check the weekly watchlist and recent trades. Move your stops on these winners as most are trading higher pre-market.
Futures are higher in early trading.
QCOM is trading near 80, as I shake my head in disbelief. 15 standard deviations? Shorts got murdered.
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*** 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.