Bullish Picks
Symbol | LULU |
|---|---|
Name | Lulu Lemon |
Industry Group | Consumer Discretionary |
Pattern | Resistance Break |
Next Earnings | 6/10/2020 |
COMMENTS: LULU has successfully broken through prior resistance at the close of today. This could lead to further strength in the coming weeks. There are currently 24 buy ratings on Wall Street which shows confidence in the current value of LuluLemon.
Symbol | ESTC |
|---|---|
Name | Elastic |
Industry Group | Prepackaged Software |
Pattern | Resistance Break |
Next Earnings | 6/03/2020 |
COMMENTS: ESTC has managed to overcome the Covid-19 sell of to push into new yearly highs. Continued strength could see this stock pushing towards 2019 highs very soon.
Bearish Picks
Symbol | TEX |
|---|---|
Name | Terex |
Industry Group | Industrial Products |
Pattern | Trend Line Reversal |
Next Earnings | 8/03/2020 |
COMMENTS: TEX has been battered by the Covid-19 sell off but has found some support in the $12-$14 range. A few bearish signs are staring this stock in the face. First we have a trend line reversal over this two month slow fall. Second continuations after big directional moves tend to continue in the direction after the breakout.
Symbol | COO |
|---|---|
Name | Cooper Companies |
Industry Group | Health Care Supplies |
Pattern | Trendline Break |
Next Earnings | 6/04/2020 |
COMMENTS: Cooper companies has broken through a lower trendline after achieving a 50% Fibonacci Retracement. A reversal at this level tends to show continued weakness in the security.
Important Information:
Futures, options and securities trading has risk of loss and may not be suitable for all persons. No system can guarantee profits or freedom from loss. Past results are not necessarily indicative of future results. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will achieve profits or losses similar to those shown.