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.