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Bullish Picks

Symbol

FB

Name

Facebook Inc.

Industry Group

Internet Software

Pattern

Resistance Break

Next Earnings

7/22/2020

COMMENTS: Facebook was brought up in our Pre-Market Round Up describing the exact potential move.  This type of move will often be confirmed the following bar.  If price holds this could be a great opportunity.

Symbol

ARW

Name

Arrow Electronics

Industry Group

Technology Distributors

Pattern

Trendline Bounce

Next Earnings

8/6/2020

COMMENTS: Arrow continues a bullish run as it is showing continued strength off the prior trendline bounce.  This is reaching the top of what could be considered a trading channel.

Symbol

ASYS

Name

Amtech Systems

Industry Group

Computer Technology

Pattern

Trendline Bounce

Next Earnings

8/13/2020

COMMENTS: In a similar fashion Amtech is following ARW on a nice trendline bounce.  If this channel continues we could see price move up into the $6 range.

Bearish Picks

Symbol

ARGX

Name

Argenx

Industry Group

Medical

Pattern

Resistance Fail

Next Earnings

N/A

COMMENTS: Although Argenx has had an impressive run a miss in their earnings and an increase of negative news publications have contributed to the failure to exceed resistance.  Watch over the coming days to see if we get a retest but historically in this stock a failure has come with significant moves down.

Symbol

BMY

Name

Bristol-Myers Squibb

Industry Group

Pharmaceuticals

Pattern

Trendline Break

Next Earnings

7/23/2020

COMMENTS: Bristol-Myers has had an impressive move towards pre-covid-19 levels but has fallen short of highs.  Breaking lower trendline during yesterday's session lead to continued bearish sentiment in Wednesdays trading.  Price could retest $60 as it attempts to find 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.

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