Four Stocks To Watch This Week - Monday, Oct. 28
A busy week for earnings with many interesting setups in the pre-earnings category.
Our pre-earnings indicator does show bullish pre-earnings sentiment, while our post-earnings indicator has been mixed so far, but this could change to more bullish.
Best to stay cautious, and if you feel compelled to trade across an earnings announcement, better to be watching for the breakout at the open.
- BBY (Bearish) - Struggling with several bearish Big Money Footprints including OVI, Key Levels and clearly visible Shrinking Retracements. A break below recent lows could send this stock down 10%.
- BFH (Bearish) - Struggling to break above its 50-dma after earnings, this stock looks weak with a negative OVI. A drop below its current support could lead to a retest of the 200-dma.
- MNST (Bullish) - After a solid recovery from its August post-earnings gap down, this stock has moved above both major Key Levels. A breakout above recent highs could signal further upside leading into earnings on Nov 7.
- MU (Bullish) - Needs some further work to get it over the 200-dma and recent highs, but several bullish Big Money Footprints here, including OVI, Shrinking Retracements, a post earnings pop, and Key Levels if it does get over that 200-dma
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