Bullish Picks
Symbol | TPTX |
|---|---|
Name | Turning Point Therapeutics |
Industry Group | Medical |
Pattern | Resistance Break |
Next Earnings | 8/4/2020 |
COMMENTS: After a strong showing in Thursday's trading TPTX has closed above yearly Resistance. This is good news for a stock that was trading at $48 on the day Covid was declared a pandemic and is currently trading at $68.57 increasing share value by 69%.
Symbol | PLMR |
|---|---|
Name | Palomar |
Industry Group | Finance |
Pattern | Resistance Break |
Next Earnings | 8/10/2020 |
COMMENTS: Palomar had an incredible 14% gain after a gap to the upside on the open. Tomorrow will be pivotal to determine if price will hold or go for a gap fill.
Symbol | CMD |
|---|---|
Name | Cantel Medical Corp |
Industry Group | Medical |
Pattern | Trendline Break |
Next Earnings | 6/4/2020 |
COMMENTS: CMD has been forming a triangle over the last few months and has successfully broken out to the upside. We can see a potential resistance near $60.
Bearish Picks
Symbol | FARO |
|---|---|
Name | Faro Technologies |
Industry Group | Computer Tech |
Pattern | Resistance Fail |
Next Earnings | 8/5/2020 |
COMMENTS: FARO has sold off sharply after testing a two month resistance. If this continues we may see price head back to $50 range. A retest of Resistance could show prices move to $65
Symbol | CTSO |
|---|---|
Name | Cytosorbents |
Industry Group | Medial |
Pattern | Trendline Break |
Next Earnings | 8/4/2020 |
COMMENTS: CTSO hasn't really been affected by the COVID pandemic and with stock prices soaring 102% this could be the first test in the CTSO armor. Watch to see if this stock holds at the May gap.
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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.