Stocks faired better than expected on Tuesday, with the top 5 stocks from this week’s watchlist shining brightly. In light of the indices’ lack of momentum, these stocks stood out. Four of these stocks came from the technology, communications, and consumer discretionary sectors. Look for this trend to continue.
Futures are higher this morning and gold is trading just below that 1613 target zone discussed in the weekend video(s).
Watchlist – The Top 5
|FTAI||FTAI – Fortress Transportation and Infrastructure Investors LLC||Industrial||21.29||0.67||3.25||1135627|
|TWTR||TWTR – Twitter, Inc.||Communication Services||38.06||1.15||3.12||16787679|
|AMD||AMD – Advanced Micro Devices, Inc.||Technology||56.89||1.58||2.86||70080279|
|LULU||LULU – Lululemon Athletica Inc.||Discretionary||259.23||4.82||1.89||1273592|
|PLNT||PLNT – Planet Fitness, Inc.||Discretionary||87.94||1.48||1.71||1133642|
Twitter (TWTR) is trending again, after the consolidation at the bullish 9ema. Look for follow through and a break above the October gap.
Planet Fitness (PLNT) has been impressive. The gap up and consolidation above the 9ema back in November is similar to Twitter’s recent performance. Will TWTR do the same?
Planet has tacked on another 17 points along the way adding (+24%) in the interim and (+17%) from recent entries near 77.80 (+/-). We’ll be taking some profits off the table this week on any topping candles that print on this stock. It’s been on the watch list since November.
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