A proper yo-yo week that turned on a dime late Wednesday morning.
Overall bias is bullish, but patchy and flaky are words that may also accompany the direction.
Here are four stocks to watch this week:
KR (bullish) - An excellent earnings reaction, this grocer now needs to consolidate here, preferably with a more compelling OVI.
MNST (bullish) - Resting on its 50-day Key Level, this drinks giant is poised for upside, though its OVI is not quite playing ball yet.
NKE (bullish) - A pullback consolidation into its 50-day Key Level with a positive OVI, this needs to get above $80 and "just do it".
SMAR (bullish) - A post-earnings gap up with plenty of buying evidence since early June. A deeper pullback to the 50-dma would be helpful before it starts climbing again.
Remember, we only trade confirmed breakouts and always manage our trades with the E.D.G.E trade plan. This watchlist does not constitute financial advice or trade recommendations.
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