Here's this weeks' weekly watch list. The stocks to watch are: PAG, BBCP, BURL, GE, DLTR, ESS, HIG, RH, TSM, and MAN.
Note: If any charts are too small to see, you can click on them to see the full image.
1. Penske Automotive Group (PAG)
PAG is likely to get near $100 in our opinion as long as it keeps riding the 9 EMA (orange line). Look for longs near that area until the trend breaks down.
2. Concrete Pumping Holdings (BBCP)
Lots of good things going for this chart. First, volume is generally greater on green days than red days. Price also keeps bouncing off the 20 EMA and Friday printed an engulfing candle. Pretty good setup. Stop loss under Friday's low.
Read: How to Trade the Bullish Engulfing Candle
3. Burlington Stores (BURL)
Played out nicely from last weeks' watchlist where we bought near the low end of the range and sold at $331. Looking to do the same thing buy between $323-325 ish, stop loss under $319, target new highs or $331.
4. General Electric (GE)
GE doesn't have very strong momentum right now but is still setting higher lows. If this starts to curl higher, it can test highs. Not interested under $12.80-12.90.
5. Dollar Tree (DLTR)
Retested a previous resistance area and looks like it can head higher. Not interested under $113 and would look to sell near $120 or less.
6. Essex Property Trust (ESS)
Quick little break out here with a stop loss under the low ($278) and a target of $300 or higher. Ideally looking for $286 entry price.
7. Hartford Financial Services (HIG)
HIG is trading in a range ($65.50-70 ish). Playing the range for now but wouldn't be surprised if it breaks out to the upside.
8. Restoration Hardware (RH)
Looks similar to the $HD chart we had in our watch list last week (HD then went higher all of last week). Thinking the same thing can happen here, stop loss under low.
9. Taiwan Semiconductor (TSM)
TSM range starting to get tighter. Looking for a breakout plus a moving average crossover to start a long position.
10. Manpower Group (MAN)
Like the look of this for a long near 121.50 (target $126+). Using the wick around 119.80 as a support level, not interested under that.
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