Here are 13 stocks to watch for this week. This week's stocks are: PINS, SBUX, ZM, TWTR, SHOP, PTON, NLS, HOG, AAPL, GOOG, ADI, LOB, and MS.
1. Pinterest (PINS)
PINS is up against a resistance trend line. In dotted lines on the chart below, we outline 2 potential bullish scenarios we are watching for. We prefer the initial dip lower to provide a buying point near the 20 EMA if it shows support there (blue line), but let's see what happens.
2. Starbucks (SBUX)
This is a 130 minute time frame chart. SBUX bounced nicely off a support level we drew in our watch list from last week. The chart looks bullish overall. There's a small horizontal resistance overhead though.
3. Zoom Video (ZM)
Bearish MA crossover may be signaling something here along with the lower highs and lower lows. If ZM has a weak bounce and starts rejecting near the moving averages, we'll look for shorts. There's also a gap below.
4. Twitter Inc. (TWTR)
Looking for something similar to the ZM chart above. Previous support has turned into resistance.
5. Shopify Inc. (SHOP)
Head and shoulders formation but it has 3 support areas below. No position, we'll just watch how this progresses.
6. Peloton (PTON)
PTON has held above that 20 EMA for many months straight, up until recently where it even broke the 50 MA. Momentum has definitely shifted. There's still the trend line below (orange line) that could save it from falling. On watch for now.
7. Nautilus (NLS)
Very similar chart to PTON above, same idea roughly except this is yet to break the 50 MA.
8. Harley Davidson (HOG)
HOG is hovering at resistance from February/March. Looking for a break out or a buy near the support range.
9. Apple Inc. (AAPL)
Looks pretty bullish overall. It might be ready for a move higher but a few days of consolidation would be even better to confirm a new support base.
10. Alphabet Inc. (GOOG)
GOOG is the strongest out of big tech right now, and that can continue. Overall bullish. Levels outlined in the chart below.
11. Analog Devices (ADI)
65 minute time frame. Nice bull flag formation and it looks like it can break out soon. On watch.
12. Live Oak Bancshares (LOB)
A great candidate for our momentum strategy. Look for bounces off the 9 EMA (red line) or possibly the 20 EMA just under that if it pulls back that for. This is bullish until it isn't.
13. Morgan Stanley (MS)
Morgan Stanley is consolidating near previous highs from the beginning of the year. The longer the consolidation, the bigger the potential break out.
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