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.
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