With elections out of the way for the most part, here are 11 stocks to watch this week. This weeks' watchlist includes SNAP, UBER, TTD, NIO, C, SBUX, AAL, BA, NEE, MTRX, and MOMO.
1. Snap Inc (SNAP)
Snapchat 30 minute time frame. It recently broke out and also retested and supported previous high from 2 weeks ago around $44. On watch for a pull back (preferably no lower than $44 but we'll see) or higher low for a long entry. No position currently.
2. Uber Inc. (UBER)
Another recent break out from a cup and handle that had been forming for a while. Target is $47-50. More info below.
Looking at UBER's 30 minute chart below, we would love to see it hold above $44 for a move higher (or hold 9 EMA that it's currently sitting on). Next target is $47 which is all-time highs.
3. The Trade Desk (TTD)
5 minute time frame. TTD stock has been on a tear recently. It rejected around $827 ish a few times, so unless it breaks that, we wouldn't be long. Might possibly even be a good short-term sell if it can't break that.
4. NIO Inc. (NIO)
30 minute time frame. NIO is still looking strong, holding the 20 EMA each time it pulls back. Resistance at $42.10 area, support around $40.60-40.80. Looking for good risk to reward long positions.
5. Citigroup (C)
Citigroup tried to break $44 two times but it failed and is still making lower lows. Look for shorts with stop loss above $44. Targets would be around $40.20-41.
6. Starbucks (SBUX)
Looking for a few days of consolidation at this price and then go long. Similar to the drawing in the chart. Target would be $92.65 resistance.
7. American Airlines (AAL)
Bear flag forming currently. Looking for shorts if it starts to curl down, no position currently.
8. Boeing (BA)
Same idea as AAL above. Looking to see if it can fail near 50 MA (green line) or current price for a short.
9. NextEra Energy (NEE)
Bull flag formation. Would love to buy this near the lower end of the range. On watch.
10. Mirati Therapeutics (MRTX)
Look for a pull back to any of these moving averages (9 EMA, 20 EMA, 50 SMA) that shows signs of support and then go long until the trend breaks.
11. MOMO Inc. (MOMO)
Very weak price action. Expecting more downside and possibly a retest of recent lows. A break of $14.40 would be good confirmation.
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