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

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