1. Celgene Corp. CELG, $95.00
CELG, one of my favorites stocks from the Health Sector XLV for this week. In news,
is near its mega-merger with Bristol-Myers BMY, that could give volatility to this stock. Technically, last week broke its 3-month consolidation phase (show in the horizontal yellow channel) with a typical breakaway gap. Today closes at $95, which is also its year-resistance, so it's an important level to watch.
Need to confirm this week this gap, and if so, begin its rally mode.
2. Roku Inc. ROKU, $60.73
The daily chart of
ROKU shows a symmetrical triangle, a classic pattern that could break up or down, it's always undefined. Probably hit by the new AppleTV+ streaming service, this stock sinks today 4.2%, breaking the lower line of the triangle and approaching the stock to its key SMA50 average and the Ichimoku cloud. I put this volatile stock
in my radar, waiting for its behavior next days before shorting it.
3. Twitter TWTR, $34.86
As you see in its daily chart, the $35 level is a pretty resistance to overcome for
TWTR. Its four previous touches and rebounds give confidence to this level, and today again touches it. With the stock over its SMA200 average,
a strong overcome from this level only could means the beginning of a bull rally.
4. SPDR Oil & Gas Explore & Production XOP, $32.03
Not properly a stock,
XOP is a popular ETF that follows oil and gas. It broke today its 3-month consolidation channel (in yellow), in which is ranging since early 2019. And did it with nice volume and signaling a probable golden-cross (SMA50 average above the SMA100 or SMA200) for next days. I
'm following this week, with an eye in the EIA weekly report on Wednesday, and the other in gas low prices, waiting for a turnaround in its bear race.
Good Trading!
@BravoTrader
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