5 More Monster Stock Market Predictions For The Week Of May 13
Here are a few more predictions for the week of May 13.
Alibaba
Alibaba (BABA) reports results this week, and the trade war worries messed things up for Alibaba which had been performing strongly. I think the stock rebounds this week and rises back to $187 following results.
Cisco
Cisco (CSCO) fell to support at $52.25, and it has held thus far. The RSI is trending higher, and I think that means the stock continues to climb and back to $57.50 following results.
Nvidia
Nvidia (NVDA), unfortunately, may be facing some of the same datacenter weakness that Intel saw in its latest quarter. I first noted that Nvidia Is On Shaky Ground Heading Into Results on May 8 and that Intel’s results were not a good sign for Nvidia at the of end April. I think the stock may heading lower still, potentially to $150.
AMD
The chart for AMD is still bullish; it is just taking a long time to happen. I still think it can head towards $31.50.
Microsoft
Microsoft (MSFT) has filled the gap, and the stock looks as if it can to head higher now towards $141.
Disclosure:Michael Kramer and the clients of Mott Capital own Microsoft and Cisco
Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice ...
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