The Weekly Watchlist
Nearly every stock in our portfolio and those on the watchlist appear inclined to follow through to the upside this morning. SPY will gap up and may catch Nasdaq, the clear winner last week.
Watchlist for the Week of 06-04-2018
Most of the stocks on the watchlist are either ready to break out or trending higher.
We are adding TWTR and VEEV to the watchlist, as both stocks are set up.
TWTR support is where price opened on Friday. Resistance is where the stock closed. Volume is increasing as the stock rides its moving averages higher. Perfect.
The weekly is very pretty. IBD added to their Top 10 IBD50 for the week as well. More eyeballs as the stock destined for the mid-50s. Volume is needed on the breakout. RS line is rising (96).
VEEV caught my eye, as the company recently reported excellent sales, earnings, and forward guidance. Price is action is close enough to the pivot buy zone as well. Volume is increasing, suggesting institutions are adding shares.
Momentum for both stocks is gaining intensity, so keep an eye on PMO or MACD.
PS Welcome to the new members.
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