Bullish Picks
Symbol | AAPL |
|---|---|
Name | Apple Inc. |
Industry Group | Water Supply |
Pattern | Resitance Test |
Next Earnings | 8/4/2020 |
COMMENTS: Apple is a storied stock with an almost impenetrable ability to provide gains. Again, Apple is testing highs with big news that they will be ramping up production on the new iPhone in the coming weeks. This could be a big moment for Apple.
Bearish Picks
Symbol | INTL |
|---|---|
Name | INTL Fcstone |
Industry Group | Finance |
Pattern | Resitance Fail |
Next Earnings | 8/13/2020 |
COMMENTS: INTL has shown quite a bit of strength over the last few months but has found it hard to break through resistance. Failing off for a second time. Keep an eye on the price as if it approaches $45 we could see some buying pressure.
Symbol | GEF |
|---|---|
Name | Greif |
Industry Group | Industrial Products |
Pattern | Resistance Fail |
Next Earnings | 6/3/2020 |
COMMENTS: GEF has been holding at a 38% retracement for the better part of a month. With earnings coming out tomorrow this is a hit or miss time. After failing to push through Resistance 3 times a negative earnings could open the flood gates to selling.
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.