Bullish Picks
Symbol | AWK |
|---|---|
Name | American Water Works |
Industry Group | Water Supply |
Pattern | Trend Line Break |
Next Earnings | 7/29/2020 |
COMMENTS: After posting consecutive lower highs, AWK has broken through a 4 month trendline. This also coincides with the crossing of the 200 period MA signaling a swing into Bullishness.
Symbol | TRIL |
|---|---|
Name | Trillium Therapeutics |
Industry Group | Medical |
Pattern | Resistance Break |
Next Earnings | 8/11/2020 |
COMMENTS: TRIL is posting new highs as through the session we saw it break prior resistance. Buyer beware, when price creates new highs, you often see a pull back. Plan your entries accordingly.
Bearish Picks
Symbol | TRCH |
|---|---|
Name | Tabula Rasa HealthCare |
Industry Group | Medial |
Pattern | Trendline Reversal |
Next Earnings | 8/13/2020 |
COMMENTS: TRCH saw a significant pull back off the upper trendline, this also coincided with a short term reversal, look for reaction near the $47 support.
Symbol | JBHT |
|---|---|
Name | J B Hunt Transports |
Industry Group | Trucking |
Pattern | Resistance Fail |
Next Earnings | 7/20/2020 |
COMMENTS: JB Hunt has been on an impressive run completely erasing the Covid sell off. However, the stock found out in Mondays trading that it might have a tough time breaking resistance. If the price continues to fall look towards the May gap as potential support.
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.