Four Stocks To Keep On Your Radar This Week

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While conditions remain sub-optimal for breakout trading the shortened holiday week suggested further bullishness while the S&P and Nasdaq remain overbought. 

In a perfect world, we like to see stocks and the main indices setting up near their Key Levels. 

Notwithstanding that, here are four stocks to keep on your radar this week:

  • AMD (bullish) - Slightly out of fashion compared with NVIDIA, but stubbornly hugging its 50-DMA Key Level with a passably bullish OVI and bullish Shrinking Retracements suggesting buyers are hanging in there.  
  • QCOM (bullish) - A potentially classic pullback consolidation to a Key Level with persistently positive OVI.  
  • TPX (bearish) - Struggling to get back above its 200-DMA Key Level, a negative OVI, and visually apparent bearish Shrinking Retracements.  Needs to break recent lows for a short.  
  • ZS (bullish) - Recovering well since its May earnings and building up technical strength with a positive OVI, encouraging action near Key Levels, and arguably bullish Shrinking Retracements.  
WiseTraders Stocks To Watch Jul 08 - Jul 12

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Remember, we only trade confirmed breakouts and always manage our trades with the E.D.G.E trade plan

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