Four Stocks To Watch This Week - Tuesday, Oct. 01

WiseTraders • by Guy Cohen

Home of the patented OVI. Global pioneer in stocks & options, helping you Trade Better, Faster. • Oct 1, 2024 at 1:32 PM EDT

A flat week that was anticipated, one notable event was China's stimulus package announcement, which sent China-related stocks soaring. Most of these stocks surged without prior consolidations/warning signs. This week, we anticipate some retracement.

WiseTraders Weekly Watchlist: October 01, 2024 - October 04, 2024

A flat week that was anticipated, one notable event was China's stimulus package announcement, which sent China-related stocks soaring. Most of these stocks surged without prior consolidations or warning signs.

This week, we anticipate some retracement, likely a temporary pullback. Further upside may follow, potentially as the upcoming earnings cycle begins.

Here are four stocks to keep on your radar this week:

CTLT (Bullish) - This high OVI correlation stock is forming a bullish pullback consolidation setup around its 50-dma. Looks promising on a breakout.
INTC (Bullish) - Needs to complete the consolidation and then break out through Friday's high, but the potential is there if it can stay above its 50-dma.
IQV (Bearish) - Needs to breach its 200-dma and formidable support at $230 to become a bearish play, but the potential for a decent drop is there if it does.
KR (Bullish) - A prolonged sideways move after breaching its 50-day Key Level with a post-earnings breakout, this grocer looks poised for further upside.

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Remember, we only trade confirmed breakouts and always manage our trades with the E.D.G.E trade plan. This watchlist does not constitute financial advice or trade recommendations.

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STOCKS IN THIS ARTICLE

CTLT KR INTC IQV

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