Stocks To Watch 3/20
Hey everyone,
Below is my focus list along with short commentary. The charts are from MarketSmith, which is sponsoring this post. These are simply ideas for educational purposes only, not trading advice.
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ATI
Strong action from this steel name. It is now compressing against the 21 EMA. I’m watching for a push off that moving average on volume next week.
BROS
This recent IPO is short term extended but showing strength. I’m watching for a constructive pullback to the 55 area.
BTU
This one may need some more basing but this continues to act strong, looking for a breakout from the inside day on volume.
LNTH
Ideally we actually get a base/shelf forming above the 21 EMA but this is a very strong stock. Looking for continuation.
NEM
Nice move poking above a long term base. Like BTU, this could use some more basing.
NUE
Steel names are in strong uptrends. Let’s see if this can reconfirm the breakout on volume.
NVDA
NVDA had a very strong thrust on volume. I’d love for it to consolidate and flag before attempting a move higher.
SEDG
The best looking solar name to my eye. I would like to see it tighten here within the flag.
SG
Strong action but short term extended, watching for it to consolidate before a continued move up the right hand side of the base.
WULF
By far the most speculative name on this list. Watching for a breakout from tightness for a potential swing trade.
GFS
One of the strongest stocks in the market. I’m watching for a constructive pullback to the pivot and ideally a shakeout.
ACLS
Very strong last week as well. Can it flag and then reconfirm?
I hope you found this post helpful! Let me know your thoughts on these setups and drop one stock you are watching in the comments below.
Take care and feel free to share this post!
Best,
Richard