Stocks to Watch 9/25
Hi everyone,
Below is my weekly watch list with commentary. Before we dive in, make sure you don’t miss any future ones by subscribing below
Situational Awareness
Short term: Down (below a declining 5 SMA)
Intermediate Term: Down (below a declining 21ema)
Mid Term: Down (below a declining 50sma)
Long-term: Down (Below a declining 200 sma)
Before going through this list keep in mind that the market trend is negative. If you have a longer-term timeframe, cash is likely the highest probability play. This list can be used as a gauge of market health.
For my full market commentary see here:
Watchlist Charts from @MarketSmith
ENPH short-term negative but watching to see if it can hold and retake the key level
FSLR, would love to see it build a base here
VRTX watching to see if it can retake the 50 day
SRPT, volatile but holding the 50 day
NBIX holding the 50 day
REGN can it hold or retake 700?
WOLF great estimates, can it build a base and hold the gap
Remember that the trends are all still down, these are just stocks I’m watching.
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Have a great week!
Richard
RM, Thanks, great info as usual. Question for you... WOLF is one I've heard about a lot on FinTwit lately and have been meaning to look into it. The stock hasn't found me yet. How did it find you? Upon reviewing it, WOLF doesn't meet the Minervini Trend Template.... MA150 < MA200 and MA200 not up for at least a month. Recent cup & handle is sloppy... very deep at about 50%, recent handle is kinda deep at about 15%, no real pattern recognition on MarketSmith, lot of resistance at the 117 to 125 area. Industry group 93 (not great). U/D of 1.1 (not great). Maybe the only things that would've got my attention is the HV day on 8/18/22, and the following increase in RS LINE, some insider buying, and maybe the sales quarterly increase from 36%, 36%, 37% then a jump to 57%, but no earnings (Earnings getting better but still negative). I'm not trying to bash this thing. I'm just trying to understand what all the "hotness" is about. Thanks for any insight you might have.