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Stocks To Watch This WeekThe Market's longer term uptrend still intact. Interest rates are driving the market.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 20 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NASDAQ:JAMFLong
by Jtacher51
2
Stocks To Watch This WeekThe Market's longer term uptrend still intact. Interest rates are driving the market.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 21 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Editors' picks
NYSE:LYVLong
by Jtacher51
25
Stocks To WatchThe Market's longer term uptrend still intact. Breadth is deteriorating again. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 26 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Editors' picks
NASDAQ:LOVELong
by Jtacher51
31
Stocks To Watch (Relative Strength Edition)The Market's longer term uptrend still intact. Breadth is deteriorating again. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 22 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
KLong
by Jtacher51
3
Stocks To WatchThe Market's longer term uptrend still intact. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 20 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NYSE:PDLong
by Jtacher51
3
Stocks To WatchThe Market's longer term uptrend still intact. Big earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 21 total stocks on this list and 3 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NASDAQ:UPSTLong
by Jtacher51
5
Stocks To WatchThe Market's longer term uptrend still intact. Big earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 33 total stocks on this list and 2 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NYSE:ARCHLong
by Jtacher51
7
Stocks To WatchThe Market's longer term uptrend still intact. Big earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 17 total stocks on this list and 1 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Editors' picks
NASDAQ:QQQLong
by Jtacher51
36
US Market Technicals Ahead (26 July – 30 July 2021)The earnings season is gathering pace as it enters into the busiest phase this week. Investors will be closely watching earnings from tech heavyweights with Apple ($APPL), Facebook ($FB), Microsoft ($MSFT), Alphabet ($GOOGL) and Amazon ($AMZN) are reporting quarterly results. US Federal Reserve will also be meeting this week, and more details will likely emerge on the tapering discussions that started in June. On the economic data front, the US is releasing the first estimate of Q2 GDP which is expected to be the peak of the post-pandemic recovery. Other data includes durable goods orders, and personal income and outlays. Here is what you need to know to start your week. S&P500 (US Market) All three of the major averages finished at record closing highs last week after the markets tumbled at the start of the week on concerns about the spread of the delta variant of Covid and how it would potentially hinder the economic recovery. The uncertainty briefly sent bond yields lower, and investors jumped into tech stocks. Both bonds and equities rebounded quickly by the end of the week. The benchmark index $SPX rallied +1.84% (+79.5 points), including an intraweek move of +4.18% from its week low during the week. $SPX is currently back trading above its multi-month long trend channel that was earlier highlighted. Every break out of $SPX trend channel resistance has been met with a rejection (6 times since 2021). The immediate support to watch for $SPX this week remains at 4,285 level; the 20DMA short term support level. Fed taper talk The Fed wraps up its two-day meeting on Wednesday and its statement will be scrutinized for any mention of the timeframe for tapering its asset purchase program, although Chairman Jerome Powell made it clear in his recent testimony to Congress that the U.S. economy still needs the central bank’s full support. In June, policymakers began debating when to start cutting monthly purchases of $120 billion of Treasuries and mortgage-backed securities. Powell may indicate that while a discussion on tapering has started, there is still time before officials reach a conclusion on what they will do. Policymakers are expected to highlight the risk from the rapidly spreading Delta variant, which investors worry could derail the economic recovery. Most analysts expect the Fed to give a clearer indication of its plans for scaling back its quantitative easing program at its annual conference in Jackson Hole, Wyoming, in late August, before a formal announcement on tapering later in the year. Data dump Aside from the Fed meeting, investors will get an update on the strength of the U.S. economy with an end-of-month data dump. Monday sees figures on new home sales, which are expected to hit new highs, followed by durable goods orders and consumer confidence on Tuesday. The highlight is on Thursday with a first look at second quarter GDP and while expectations have been trimmed back in recent weeks, growth is still expected to be strong at 8.6% annualized. This would mark the recovery of all the lost output caused by the pandemic and could be the peak of the post-pandemic recovery. Figures on personal income and spending are due Friday, which include the Fed’s rumored favorite measure of inflation – the core personal consumer expenditure price index. Earnings deluge U.S. earnings are kicking into high gear and investors will be watching the largest tech names to gauge whether a recent shift away from reflation trade and into growth stocks that led markets for the last decade will continue. Earnings from Apple ($AAPL) and Alphabet ($GOOGL) on Tuesday, Facebook ($FB) on Wednesday and Amazon ($AMZN) on Thursday could accelerate a shift back into growth. FAANG stocks – Facebook, Amazon, Apple, Netflix ($NFLX), and Google parent Alphabet – are usually known for delivering stellar stock market returns. But only Facebook and Alphabet have beaten the S&P 500 so far this year as investors piled into financials, energy firms and other companies that should benefit from the post pandemic economic rebound.
U
by jfsrevg
Stocks To WatchThe Market may have some more room to the downside with the longer term uptrend still intact,The Mega Cap stocks have earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 22 total stocks on this list and 2 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Editors' picks
NYSE:ELANLong
by Jtacher51
30
US Market Technicals Ahead (19 July – 23 July 2021)Despite solid results last week as earnings season ramped up, investors have been shifting their focus to data releases with global economic growth beginning to show signs of fatigue while many countries, particularly in Asia that are struggling to curb the highly contagious Delta variant of the coronavirus. The spectre of elevated inflation, which the market has long feared, is also haunting investors. Treasury yields were plunging, signaling fearful investors are padding their portfolios with Treasuries. The second-quarter earnings continues this week, with companies such as IBM ($IBM), Netflix ($NFLX), Intel ($INTC), Johnson & Johnson ($JNJ) and Twitter ($TWTR) reporting their results. Other key data to follow include: US building permits and housing starts. Here is what you need to know to start your week. S&P500 (US Market) The benchmark index $SPX corrected -0.99% (-43.2 points) to close at 4,328 level during the week, and perceived safe haven assets, including the yen and gold, edged higher amid fears of rising inflation and a surge in coronavirus cases, while oil prices fell on oversupply worries. The initial break out of $SPX trend channel resistance is met with rejection for its 3rd time as cautioned in the previous week. The channel support is currently priced at 4,240 level, -2% away from existing level. The immediate support to watch for $SPX this week is at 4,285 level; an immediate break of support level established this month.
U
by jfsrevg
US Market Technicals Ahead (12 July – 16 July 2021)The US Q2 earnings season kicks off next week for an update on the private sector recovery. Starting from Tuesday, big banks including JPMorgan Chase ($JPM), Goldman Sachs ($GS), Bank of America ($BOA), Wells Fargo ($WFC), Citigroup ($C) and Morgan Stanley ($MS) are due to report. On the data front, Investors will also keep an eye on Fed Chair Powell semi-annual report to Congress. On the data front, consumer and producer inflation, retail sales and industrial production will provide an update on the economic recovery. Elsewhere, China GDP growth for Q2, UK CPI and jobless numbers and BoJ interest rate decision will also be in the spotlight. Here is what you need to know to start your week S&P500 (US Market) All three major averages notched record closes on Friday, after a sell-off the day before prompted by fears of slowing growth and worries that new Covid-19 variants could stall the global economic recovery. The benchmark index $SPX gained +0.5% (+21.8 points) to close at 4,372 level during the week, notching up towards another new all time high. The price ascend have allowed $SPX to break out of its trend channel resistance for the 3rd time in since February 2021. It is important to remain cautious of the existing rally, as every breakout of the highlighted channel is met with price-volume divergence weakness, along with a correction towards its channel support. The immediate support to watch for $SPX this week is at 4,230 level; a confluence of resistance turned support level; and break of its 50DMA.
U
by jfsrevg
US Stock In Play: $DOCU (DocuSign Inc)$DOCU successfully broke beyond its 52-weeks high that was established in early September 2020, attaining a new all time high of $293.65 in its latest market session. The past four weeks of price soar in $DOCU (+22.96%) display a classical double bottom technical breakout from $235 since early June this year. $DOCU shows that it has strong prospects ahead for the coming H2 and that it's not simply a beneficiary of the COVID-environment. It is one of the few SaaS stocks, that's guiding for solid profits at approximately 17% operating margins. With current price implied volatility remaining 40% below its the peak level in September 2020, $DOCU is poised for further upside with $300 as the next psychological price resistance level. $DOCU provides cloud based software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements.
NASDAQ:DOCULong
by jfsrevg
US Market Technicals Ahead (5 July – 9 July 2021)US Markets will be closed on Monday in observance of Independence Day. Investors will be waiting for the FOMC minutes due on Wednesday for further clarification on the next monetary policy steps after a hawkish shift prompted market turbulence last month. Elsewhere, the European Central Bank (ECB) will also publish the minutes of its latest meeting, while China will release what will be closely watched inflation figures. Here is what you need to know to start your week. S&P500 (US Market) The benchmark index $SPX rallies furthered its all time high establishment, gaining +1.48% (+63.4 points) to close at 4,439 level during the week. The price ascend have allowed $SPX to break out of its trend channel resistance for the 3rd time in since February 2021. It is important to remain cautious of the existing rally, as every breakout of the highlighted channel is met with price-volume divergence weakness, along with a correction towards its channel support. The immediate support to watch for $SPX this week is at 4,220 level; a resistance turned support level, also an approximate of 4 ATR14 away from existing volatility, which is unlikely to be tested this week. Fed minutes The minutes of the Fed’s June meeting, when officials opened talks on tapering bond-buying and indicated interest rate increases could come sooner than previously anticipated, are due to be released on Wednesday. The minutes are coming on the heels of Friday’s nonfarm payrolls report, which showed that the U.S. created the most jobs in 10 months in June, indicating that the economy closed out the second quarter with strong momentum as the reopening continued. The robust data did little to ease concerns that a strong recovery and rising wages could prompt the Fed to begin unwinding its easy money policies sooner than expected. ISM services data The ISM index of service industry activity is set to be released on Tuesday and is expected to show continued strong growth after hitting a record high in May amid a reopening made possible by vaccinations against the coronavirus. The report could also underline ongoing labor constraints as hiring continues to lag, leading companies to offer higher wages to attract staff. ECB minutes The ECB is to publish the minutes of its June policy meeting on Thursday. ECB-watchers will also be on alert for news of several meetings due to take place in the coming weeks as part of the banks review of its monetary policy strategy. The bank wants to revamp its inflation target – currently set out close to but not above 2% – and is aiming to get the review done by September. On Wednesday, euro zone powerhouse German is to publish industrial production figures and the European Commission is to release updated economic forecasts for the European Union. China inflation China is to release data on both consumer price inflation and producer price inflation on Friday. Market watchers will be paying close attention to the cost of raw materials, which have soared due to higher commodity prices, and whether these increases are being passed onto the consumer. Prices are jumping in China and around the world, adding to fears that a wave of inflation could threaten the global economic recovery if it continues.
U
by jfsrevg
US Market Technicals Ahead (28 June – 2 July 2021)The second quarter is ending. Global stocks are on track to post their second strongest H1 gains since the turn of the century, but the second half looks harder to predict. All eyes turn to the US employment report on Friday, with investors hopeful for signs of improvement in the labor market after two months of slower than expected jobs growth. Meanwhile, the ISM Manufacturing PMI survey should point to a strong pace of expansion in factory activity, not far from March's 37-year high and despite the ongoing supply constraints. President Joe Biden’s $1.2 trillion infrastructure deal will continue to boost U.S. markets, but other concerns remain. Elsewhere, OPEC+ meets on Thursday with expectation to offer guidance into the coalition's production plan. Energy traders are anticipating another production increase as the demand outlook continues to recover. Here’s what you need to know to start your week. S&P500 (US Market) The benchmark index $SPX rallies to all time high, posting a weekly gain of +3.17% (+131.8 points), closing at 4,285 level. It is important to remain cautious of last week's rally as volume displayed was lacking, and seasonality is still in play. End of quarter 'window dressing' by portfolio managers could be a reason for the 'mark-up'. $SPX have now rebounded off the breach of its 20D and 50DMA (key levels highlighted last week), remaining within the trend channel established since early November 2020. The immediate support to watch for $SPX this week is at 4,135 level; a pivot low confluence with trendline support break. Jobs report The June nonfarm payrolls report is expected to show that the economy added 675,000 new jobs, pushing the unemployment rate down to 5.7% from 5.8%. With concerns over rising inflation and the strength of the recovery to the fore of investors’ minds, markets will also be looking at other labor market statistics, including wage growth and labor force participation. Last week Federal Reserve Chairman Jerome Powell reiterated the central bank’s commitment to encouraging a "broad and inclusive" recovery in the labor market, adding that there is still a long way to go, and that support is still needed. Economic data Ahead of Friday’s jobs report, markets will get updates on pending home sales, ADP private sector payrolls, jobless claims and ISM manufacturing activity. The ISM data is likely to underline strains on the supply chain that are pushing up costs, boosting the chances that inflation will remain at higher levels for longer. OPEC+ meeting The Organization of the Petroleum Exporting Countries and allies, known as OPEC+ will hold a series of meeting in the coming week to review the situation in the global oil market ahead of an official meeting on Thursday. Thursday’s meeting is expected to result in another boost in output as the demand outlook continues to recover. Oil prices climbed to their highest since October 2018 on Friday, putting both benchmarks up for a fifth week in a row.
U
by jfsrevg
US Stock In Play: $SHOP (Shopify Inc)Upon the announcement of expanded partnership with Facebook ($FB) and Google ($GOOGL) for its one-click checkout to be made available to all merchants selling on Facebook and Google even if they do not use $SHOP, $SHOP broke out of its Cup and Handle chart pattern with a significant rally of +14.62%, triggering along with surge in transactional volume exceeding 100% of its 50D average. With $SHOP making consecutive attempts to print a new all time high closing this week, a price action close above its mid-term trend channel is likely to impose a parabolical price surge in $SHOP in the next 2 weeks. 52 weeks high for $SHOP is at $1552.23. $SHOP a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company’s platform provides merchants to run their business in various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders
NYSE:SHOPLong
by jfsrevg
US Stock In Play: $MDB (MongoDB Inc)$MDB broken out of a double bottom chart pattern from $325, general trend resumption price action behavior, rallying +17.36% within a week. $MDB is currently close at $380, its 3 months high. With $MDB current implied volatility remaining 40% away from its peak of $26/day that was set in March 2021, $MDB remains in traction to recapture its all time high of $428 at its current price action momentum that is defying general market weaknesses. $MDB provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services, such as consulting and training.
NASDAQ:MDBLong
by jfsrevg
US Market Technicals Ahead (21 June – 25 June 2021)The Federal Reserve sent ripples across financial markets after its Wednesday meeting, when it signaled that interest rate hikes could come sooner than expected. US Dollar jumped, indices fell and bond yields moved to imply higher short-term interest rates in the future. An appearance by Fed Chair Jerome Powell before Congress on this Tuesday will be in focus as are expectation for the tapering in bond-buying program to remain as a dominant trading theme this week and likely for the rest of the summer; as market participants digest the hawkish shift in policy guidance. Investors in the US will also turn their attention to the June flash Markit PMI survey, with forecasts suggesting growth rates in both manufacturing and services sectors remained close to May’s all-time highs due to broader economic reopening and a labor market recovery Here is what you need to know to start your week. S&P500 (US Market) Major US Indices ended sharply lower last week, with the $DJI (-3.71%) and $SPX (-2.19%) recording their worst weekly performances since late October and late February, respectively. The tech-heavy $NDX index closed with slight positive (+0.26%). The declines were marked by a slide in value stocks, a pullback in some commodity prices as well as a rally in the dollar and U.S. government bonds. This decline was also signaled previously on the bearish divergence highlighted last week. $SPX have now currently breached its 20D and 50D Moving Averages on its third consecutive session for the first time since October 2020. With $SPX now currently trading back on its mid-term trendline support, the immediate support to watch for $SPX this week is at 4,110 level; a high volume volatile price support zone set in May 2021. Hawkish Fed shift The Fed surprised markets last week when it projected two potential rate hikes in 2023, sooner than markets had anticipated and signaled that it was also reaching the point where it could begin talking about tapering its $120 billion a month stimulus program. The shift in guidance was underlined when St. Louis Fed President James Bullard said on Friday that a move towards faster tightening of monetary policy was a “natural” response to economic growth and rising inflation as the economy reopens in the wake of the coronavirus pandemic. The question of whether stronger than expected inflation would prompt the Fed to act sooner had already been hanging over financial markets in the run up to the policy meeting. Powell testimony Market participants will be closely watching comments by Fed Chair Jay Powell on Tuesday when he is due to testify, via satellite link, on the Fed’s emergency lending programs and current policies before the House Select Subcommittee on the Coronavirus Crisis. In addition, several other Fed officials are due to make appearances during the week and their comments will also receive a lot of attention as markets look for fresh cues on the future direction of monetary policy. Economic data Investors will be paying close attention to the week’s upcoming economic data for clues on whether the recent surge in inflation – which saw consumer prices accelerate in May at the fastest rate in almost 13 years – is continuing. Data on personal income and spending for May is due out on Friday, which contains the core PCE price index, supposedly the Fed’s favorite inflation gauge. The economic calendar also features reports on new and existing home sales, durable goods orders, manufacturing and service sector activity and the weekly report on initial jobless claims, which is given close attention, given the uneven recovery in the labor market.
ULong
by jfsrevg
Stocks To Watch (Relative Strength Edition)The Market may have some more room to the downside with the longer term uptrend still intact, software names are leading. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 23 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Editors' picks
NASDAQ:DOCULong
by Jtacher51
36
US Stock In Play: $FINV (FinVolution Group)$FINV broke out of a consolidated major moving averages whipsaw before the start of the month, attaining a +29.44% rally in a span of 3 weeks. The current closing price of $FINV at $10 is a new 3 years high, 29% away from its IPO high ($12.91) in November 2017. The breakout of its 52 weeks high at $10.38 will setup a pathway for $FINV garner stronger momentum and participation towards its next target at $12.91. $FINV an investment holding company, operates an online consumer finance marketplace in the People’s Republic of China. It operates a fintech platform that connects underserved individual borrowers with financial institutions. The company’s platform provides standard and other loan products. As of December 31, 2020, it had approximately 116.1 million cumulative registered users.
NYSE:FINVLong
by jfsrevg
US Stock In Play: $OOMA (Ooma Inc)$OOMA presented a solid price increase over a period of 11 days, reflecting investors’ continued willingness to pay more for the potential upside in a stock. In the latest bullish flag breakout, $OOMA gained +22.2% over the last 6 trading days and successfully established a new all time high at $24.10. The negative free cash flow of $OOMA may make it a less-desirable investment, however the stock price currently still remains significantly undervalued relative to its peers. It should be well-positioned to capitalize on the seismic tailwind due to the stay-at-home mandate in US. $OOMA creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company’s smart software-as-a-service and unified-communications-as-a-service (UCaaS) platforms serve as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services.
NYSE:OOMALong
by jfsrevg
US Stock In Play: $SUP (Superior Industries International Inc)$SUP share price surged by +34.94% parabolically in a short span of 4 trading days, breaking out of its mid-term trend channel that was established since December 2020. The latest closing price of $9.25 is a new 52 weeks high closing for $SUP. With implied volatility still remaining almost 25% away from its March peak of $0.60/day ATR-14 range, the highlighted Bearish Shooting Star reversal signal along with diminishing trading volume over its consecutive up-days may imply an imminent heavy profit session within the week. Further upside for $SUP requires immediate trading sessions to recapture this week’s high of $9.65 to negate the highlighted bearish signs. $SUP designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. The company supplies aluminum wheels to the automobile and light truck manufacturers. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.
NYSE:SUPLong
by jfsrevg