10 Stocks to Watch This Week - May 23, 2021

Here's this weeks' stock watch list. The stocks to watch are: GE, MSFT, GME, BBCP,  PM, X, IHRT, XOM, CPNG, and ANTM. Good luck to all!

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

1. General Electric (GE)

GE building a base above $12.70. Not interested if it breaks under that. Looking for bullish signs such as 9 EMA crossing over 50 SMA or a higher high.

2. Microsoft Corporation (MSFT)

MSFT weekly chart. Usually bounces off 20 EMA (blue line) so it's likely to repeat that pattern again. Look to take long positions using 20 EMA as a guideline.

3. GameStop (GME)

GME has been consolidating for the past few months in a sort of cup & handle pattern. ~$190 is resistance but above that can get interesting. It has earnings this week on the 27th, will money coming out of crypto flow back into GME?

4. Concrete Pumping Holdings (BBCP)

Still holdings this stock, still the same idea as the last 2 watch lists. Volume patterns are strong and a solid base has been forming. Still think it can hit $9.

5. Philip Morris (PM)

Planning on buying PM near the low end of the range for a potential break out or to end up selling near top of the range.

6. United States Steel (X)

Hitting the 50 SMA again. The last 3 times it did this it bounced off. Looking for a reversal candle to get in and use under 50 SMA as stop loss level.

7. iHeart Media (IHRT)

Making it to the watch list for the 6th or 7th week in a row.  Expecting a bounce off the 20 EMA like it has been doing. Volume patterns still strong. Follow the trend until it breaks down.

8. Exxon Mobil (XOM)

Cup and handle here on XOM. Doesn't look quite ready to make a move higher yet it's a bit early, but keeping an eye on it.

9. Coupang (CPNG)

Looking for another leg down, but wouldn't short unless there's a candle close under a previous days' wick (like the candle highlighted by the green arrow).

10. Anthem Inc (ANTM)

Could be setting up for another leg higher. Use $388.50 as support or 20 EMA area.

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