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16 Stocks to Watch This Week - December 13, 2020 Stock Watch List

12/13/2020

 
16 Stocks to Watch This Week - December 13, 2020 Stock Watch List
Here's this week's stock watch list. The stocks to watch this week are: PLTR, DRI, MSFT, LOB, NKE, TWLO, PW, IIPR, REGI, BEP, NPI.TO, CAT, PENN, GDX, and GILD.

1. Palantir (PLTR)

Here's a daily chart of PLTR. It's supporting off the 9 EMA so far (orange line) and created a support around $25.
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Below is a 130-minute chart of PLTR to show more detail. If volume picks up to the upside, this can retest previous highs.
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2. Darden Restaurants (DRI)

Supporting off the 20 EMA, stop loss under 110, target near $119.
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3. Microsoft (MSFT)

MSFT weekly chart. It's supporting off the 20 EMA which has proven to be a profitable entry point in the past.
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4. Live Oak Bancshares (LOB)

LOB starting to make another move to the upside but it needs to clear around $44.50 area on good volume.
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5. Nike Inc. (NKE)

NKE sitting on its 9 EMA right now. We're waiting for a confirmation reversal candle (for example, a bullish engulfing candle) for a long entry. Nothing for now.
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6. Twilio (TWLO)

If TWLO is really about to make a break out move, then it won't break below the previous days' low ($330) so if there's a good long entry Monday, that would be the stop loss level.
Picture

7. Power REIT (PW)

Low-float marijuana REIT approaching resistance, but it may be able to break out to at least $30.50 if volume comes in.
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8. Innovative Industrial Properties (IIPR)

Another marijuana REIT displaying a similar pattern that we've had on our watch list a few weeks ago. If this breaks out, the target would be about $180.
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9. Advanced Micro Devices (AMD)

No position. Going to see if it holds support at $89, which was a previous resistance level.
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10. Renewable Energy Group (REGI)

Bull flag that can hit $75 on a break out. On watch for now.
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11. Brookfield Renewable (BEP)

BEP has to clear $59 on decent volume, and then it can retest the highs. Support around $55-56.
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12. Northland Power (NPI.TO)

Northland Power similar to the chart above, except it has to clear $44.75. Long this name from $33 still holding.
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13. Caterpillar (CAT)

Last week, we outlined our thoughts on CAT, you can see them here. Long story short, this looks bullish.
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14. Penn National Gaming (PENN)

PENN broke out on decent volume last week but failed to follow through so far. It may need a few days to base before going higher. Wouldn't be long under $71.
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15. Gold Miner Index ETF (GDX)

Gold and gold miners still not looking too bullish. This can continue down to $31.50 support.
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16. Gilead Sciences (GILD)

Bear flag, not looking too great for GILD. Will it make a new low?
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