Four Stocks To Watch This Week - Monday, Oct. 14

WiseTraders Weekly Watchlist: October 14, 2024 - October 18, 2024
WiseTraders Weekly Watchlist: October 14, 2024 - October 18, 2024

The DIA and SPY remain extended, while the SPY and QQQ show potential for further, though possibly choppy, upside. 

Tech, Energy, and Finance stocks offer promising setups, but we're being cautious with any pre-earnings trades right now. Finding optimal setups near Key Levels has been challenging, suggesting choppy conditions, typical for earnings season. 

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

  • HAL (Bullish) - Finding some stability this still needs to establish itself above its 50-dma, but there are bullish Big Money Footprint signs that its downward drift may have halted at the $28 level. This could be the start of prolonged basing or something a little more interesting.   
  • INTC (Bullish) - Into its third week staying above its 50-dma, with bullish Big Money Footprints accumulating in its favour. Needs a breakout above current levels but may need one more test of the 50-day Key Level.  
  • LW (Bullish) - Holding up well above its 50-dma Key Level after reporting earnings, this is now forming a post-earnings consolidation setup. A breakout could potentially see a retest of its $80 resistance.  
  • MU (Bullish) - A little premature, but worth keeping an eye on, especially if it breaks its 200-dma again soon. Gapped up at earnings with huge volume before retracing with reduced volume. Bullish Big Money Footprints racking up here.  

More By This Author:

Focus On Tech, Energy And Financials
Four Stocks To Watch This Week - Monday, Oct. 07
Uptrend Resumption Likely For Earnings

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