Bullish Picks
Symbol | AZO |
|---|---|
Name | |
Industry Group | Automotive Retail |
Pattern | Resistance Test |
Next Earnings | 9/22/2020 |
COMMENTS: AutoZone has a very good chance of breaking resistance that has been holding strong for all of 2020. What makes this different is that we have the strong move to the upside in March that lead to a strong consolidation. This is primed to go.
Symbol | GWRE |
|---|---|
Name | |
Industry Group | Software |
Pattern | Resistance Test |
Next Earnings | 9/3/2020 |
COMMENTS: GWRE is also testing resistance that has been holding strong for the entirity of 2020. What makes this a good candidate is that it has had a strong steady trend leading into this move. We could see this quickly hit $130.
Bearish Picks
Symbol | NTLA |
|---|---|
Name | |
Industry Group | Diagnositc |
Pattern | Trend Break |
Next Earnings | 8/6/2020 |
COMMENTS: All good things must come to an end and it looks like NTLA's number might be up. After a very strong Covid recovery this power house has broken to the south side of the bullish trend. Note that we saw a break in May that quickly came back but this is a little different with a bearish move off highs into a consolidation. Stick a fork in it, it's done!
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.