Here's this weeks' stock watch list. The stocks to watch are: ENVA, SKLZ, AVGO, TD, TRI, FB, DE, TCNNF, BB, SDGR, BLK, and NVAX. Market is closed on Friday for Good Friday. Happy trading!
Note: If any charts are too small to see, you can click on them to see the full image.
1. Enova Intl. (ENVA)
ENVA looks like it can have another swing high soon. 32.90 is the most recent support area to hold.
2. Skillz (SKLZ)
Growth stocks have taken a beating lately. SKLZ is near a trendline support and is oversold so it may be due for a short term bounce around $22-$23.
3. Broadcom (AVGO)
Inverse head and shoulders and has been holding up better than many other tech stocks. Still has to break the neckline resistance though.
4. Toronto-Dominion Bank (TD)
TD, and many other bank stocks have this same setup. Curling higher, looking to make another swing high. Stop loss under the swing low.
5. Thomson Reuters (TRI)
Flag forming here, looking for a break out. Initial target for a break out would be around $95.
6. Facebook (FB)
FB retesting a previous trendline resistance. If it can hold above, we think it would be fairly bullish.
7. Deere & Company (DE)
Similar to TD chart above. Nice support at 20 EMA use that as a guideline for a swing long.
8. Trulieve Cannabis (TCNNF)
Trulieve is at a trendline support but also has resistance above near $50.40 and $53.20. The uptrend can start to get weak if the stock closes under the 50 SMA or under $46.50 area.
9. Blackberry (BB)
Don't think there's a trade on it just yet but if it can hold around here for a few more days or start to curl higher (on higher than usual volume), it could trigger a bigger move higher. Keeping it on watch.
10. Schrodinger (SDGR)
Bouncing off this trendline as it has done before and there's a gap to fill above. Will it fill? Currently long from around $70.
11. Blackrock (BLK)
BLK broke out of a base and could be targeting previous highs. Might be worth buying it if it dips Monday.
12. Novavax (NVAX)
Inside day setup. Only interested in playing this on the downside so if 176.50 breaks, $160 is possible.
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