10 Stocks to Watch This Week - May 2, 2021

Here's this weeks' watch list. The stocks to watch are: DIA, IHRT, GME, XLU, TSLA, PLTR, FUBO, BURL, TROW, and HD. Happy trading!

Note: If any charts are too small to see, you can click on them to see the full image.

1. Dow Jones ETF (DIA)

Dow Jones looking bullish as the range is getting tighter. Support around high $336 area, wouldn't want to see that break.

2. IHeart Media (IHRT)

Played out as anticipated from last weeks' watch list. Just watching for a breakout now but earnings on Wednesday so might be better to wait until after.

3. GameStop (GME)

Big cup & handle setup here. Setting higher and higher bases. Closest base at $166, then $145. Volume generally larger on green days. Still has squeeze potential.

Read: How to Predict a Short Squeeze

4. Utilities ETF (XLU)

Nice bounce off 20 EMA here. Stop loss under $65.90, target near $68.

5. Tesla (TSLA)

TSLA held $666-667 level from April 7 with a nice engulfing candle. Looks like a good support level to base positions off of. Bearish if it breaks that though.

6. Palantir (PLTR)

PLTR is bearish in our opinion until it at the very least closes above the 50 SMA. Has room to test the trendline support at around $21.75.

7. FuboTV (FUBO)

Overall bearish for now. Resistance $22.50, support $17.50. Looking for short positions with above $22.50 as stop loss.

8. Burlington Stores (BURL)

Basing nicely. Buy zone around $320-323, and would have a stop loss under $319 area. Targeting previous highs or new highs.

9. T.Rowe Group (TROW)

Still holding T.Rowe for the past few weeks since it's not breaking the 20 EMA, holding nicely and usually wicks off of it. Looking for new highs soon. Stop loss under $176.

10. Home Depot (HD)

Home Depot had a crazy runup and then cooled down for 2 weeks. Is it trying to curl higher for another runup or will it still need more time to settle down? Keeping it on watch.

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