Bullish Picks
Symbol | BCC |
|---|---|
Name | Boise Cascade |
Industry Group | Forest Products |
Pattern | Trendline Break |
Next Earnings | 8/3/2020 |
COMMENTS: BCC is an interesting pick for the day, it has broken a trendline with two consecutive gap days through prior support. We have a target profit just over $40 if price is able to hold.
Symbol | CAT |
|---|---|
Name | Caterpillar |
Industry Group | Industrial Products |
Pattern | Trendline Break |
Next Earnings | 7/22/2020 |
COMMENTS: How fast things change in trading. CAT is visiting this list for the second time in a week but on the opposite side of the same pattern. on 5/22 we had CAT listed as a trendline reversal, but over the last 2 sessions has shown incredible endurance and has pushed above with some strength. First visible target is near $130.
Symbol | CHRS |
|---|---|
Name | Coherus Biosciences |
Industry Group | Medical |
Pattern | Resistance Break |
Next Earnings | 8/6/2020 |
COMMENTS: CHRS has been in a consolidated trading range throughout May, but with a large gap to the upside today it is holding firm above. As stated prior, large moves like this often show some exhaustion.
Symbol | CUZ |
|---|---|
Name | Cousins Properties |
Industry Group | Real estate investments |
Pattern | Trendline Break |
Next Earnings | 7/22/2020 |
COMMENTS: CUZ has shown incredible durability over the last two trading sessions. Successfully gaping above a trendline break and then holding for the second session. Early target is $34.
Symbol | MNST |
|---|---|
Name | Monster Beverage |
Industry Group | Soft Drinks |
Pattern | Resistance Test |
Next Earnings | 8/5/2020 |
COMMENTS: MNST has successfully rebounded from the Covid sell off to test highs and current resistance. Today's session held strong so we will look forward to the next few sessions to confirm break.
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.