STOCKBROS RESEARCH
  • Home
  • The Money Blog
    • Stocks to Watch
    • Research Reports
    • Learn Fundamental Analysis
    • Learn Technical Analysis
  • Shop
  • Contact Us
  • About Us

The Money Blog

JOIN FOR FREE

Stocks to Watch This Week - June 13, 2021

6/13/2021

 
Stocks to Watch This Week - June 13, 2021
Here's this weeks stock watch list. The stocks to watch are: M, IIPR, MNMD, BBCP, VMW, DMTK, AMZN, ADBE, AAPL, and more. Happy trading!

1. Macys (M)

Macys broke out last week and retested the break out trendline. Ideally, we'd like to see it hold here a few more days and build a base before going higher.
Picture

2. Innovative Industrial Prop. (IIPR)

After a multi-month consolidation and a triple bottom around the low 160's, IIPR seems to be reversing and starting a new up trend. Disclosure: We have a long term position in IIPR. 
Picture

3. MindMed (MNMD)

If you took this from last weeks' watch list, you probably made a pretty penny. We closed at $3.90, but there's still more upside most likely and we'll look for another entry. Volume patterns are still strong. $4.90 price target. 
Picture

4. Concrete Pumping Hldngs. (BBCP)

We originally called this one a few weeks ago in our watch list, and it still looks bullish. The volume is still greater on green days than red days and price keeps supporting off the 20 EMA (blue line). Looks good until the trend breaks.
Picture

5. VMWare (VMW)

VMW daily chart:

​From last weeks' list, looks good. Closest resistance is $165. Hoping it can go over that and then pull back a bit for a good entry.
Picture
VMW weekly chart:

On the weekly time frame it's an inverse head and shoulders pattern which is very bullish. Expecting VMW to make a new swing high or at least test the recent highs.
Picture

6. DermTech (DMTK)

Went long last week near $42 since the trend is reversing but has so far failed to really follow through on its break out. We have a stop loss under $37.50 and a target of $50.
Picture

7. Amazon (AMZN)

Weekly timeframe. Curling higher, probably looking to retest 3550 again. If it truly breaks out from there it can hit $4000.
Picture

8. Adobe (ADBE)

Very nice bullish breakout in ADBE here, this can hit at least $600 in our opinion. It has earnings this week though on the 17th so keep that in mind, it can throw off the trade. Going to look for red to green moves on ADBE leading up to earnings.

Read: How to Anticipate a Red to Green Move
Picture

9. Apple (AAPL)

It looks like AAPL is heading to the upper trendline which would be around $131-132 area. Going to be watching for a breakout in the next few weeks.
Picture

Other Stocks We Are Watching

In regards to stocks we haven't mentioned yet from last weeks' list, we are still long CRM and Visa (V), and are waiting for a dip on IHRT near 20 EMA to get back in. You can check last weeks' ideas here. Also, we are of course watching the meme stocks and will look for opportunities in anything that becomes hot this week.

Thanks for reading! We hope the article was useful to you. If you enjoyed this article, please consider following us on twitter @StockBrosTrades and/or subscribing to our free newsletter to get articles like this sent to you when they are posted!
Join the StockBros Newsletter

GET 2 FREE STOCKS

Get 2 FREE stocks worth up to $2300 when you sign up for Webull and deposit $100. Webull is an easy-to-use, commission-free trading platform with no monthly fees that offers stock, ETF, options, and cryptocurrency trading. 
​
Click here to sign up and get free stocks
Picture

Related Articles

Picture
Picture
Picture
Picture
    finbox.com banner

    Categories

    All
    Educational
    Learn Fundamental Analysis
    Learn Technical Analysis
    Research Reports
    Stock Market Books
    Stocks To Watch

    Archives

    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    March 2020
    December 2019
    August 2019
    July 2019
    April 2019

    RSS Feed

Join Our Substack Newsletter

- Educational Content
- Research Reports
- Trade Ideas 
- 100% FREE


Reduce your time spent on research by letting us do the heavy lifting.
Join for free
Disclaimer: This is for educational purposes only. Please do not buy or sell stocks based solely on our reports. Perform your own due diligence or speak to a licensed advisor before making any investment decisions.
  • Home
  • The Money Blog
    • Stocks to Watch
    • Research Reports
    • Learn Fundamental Analysis
    • Learn Technical Analysis
  • Shop
  • Contact Us
  • About Us