News / Uncategorized
[Platinum Watchlist] (8.1.23) 5 Stocks
[Platinum Watchlist] (8.1.23) 5 Stocks
August 22, 2023
Good morning.
Market futures are down this morning as Global factory activity took a further turn for the worse in July, private surveys showed on Tuesday, a sign slowing growth and weakness in China were taking a toll on the world economy.
ANDE reports earnings today which is why the position was not put on the paper trade watchlist yesterday. Price action closed down a day prior to earnings. We will watch and wait for earnings.
OZK closed $0.01 below cost basis. The MACD is flat and there is a slight rollover of the Stochastic. Support is at the 9 with resistance at 45.43.
CADE closed above cost basis where there will be some support with resistance at 25.71. All the oscillators are in the green. This position is currently providing the paper trade portfolio with a $0.28 / share unrealized gain as of yesterday’s close.
BKU closed above cost basis yesterday still above the 200-day SMA where we continue to find support. Resistance is at 31.71 with all the oscillators in the green. This position is currently providing the paper trade portfolio with a $0.12 / share unrealized gain as of yesterday’s close.
CRWD closed up above the upper Bollinger Band and the cost basis. All the oscillators are moving up and resistance can be found at 164.81. This position is currently providing the paper trade portfolio with a $6.06 / share unrealized gain as of yesterday’s close.
As always, protect your gains and limit your losses with stop limits based on your own risk tolerance levels. Try not to get greedy. Follow your trading plan / guideline to take the emotion out of your trading decisions.
Have a great day! This information is for educational purposes and not a recommendation to buy or sell a stock.
Share this article:
More in Uncategorized:
Hedge funds and banks typically use multiple time frames for intraday trading
Hedge funds and banks typically use multiple time frames for intraday trading, as this allows them to gain a comprehensive...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 30, 2024
Nvidia Earnings Call: A Record Quarter with a Twist
Nvidia’s Q2 earnings call was a mixed bag, with the company reporting a record quarter but also revealing a drop...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 29, 2024
Nvidia Earnings: A Critical Moment for Big Tech
As we approach Nvidia’s earnings report, the tech world holds its breath. This isn’t just about one company’s performance; it’s...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 28, 2024
The Sleeping Giant: Why Intel is an Undervalued Stock
As the world’s largest semiconductor company, Intel (INTC) has long been a household name in the tech industry. However, despite...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 23, 2024
The Trillion Dollar Addiction...
The Trillion Dollar Addiction That Amazon, Google, Meta and Microsoft Will Be Selling Next Year As I discussed in my...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 19, 2024
What is an AI Agent? What Can It Do For You? Where Can You Get One?
As I discussed with my tribe during our recent stock talk, I’m excited to share with you the concept of...
[Platinum Watchlist] (8.1.23) 5 Stocks
August 18, 2024