News / Uncategorized
[Platinum Trading] Stocks we are watching today for swings!
[Platinum Trading] Stocks we are watching today for swings!
August 21, 2023
Today, we are looking at the food & beverage industry for possible swing trading set-ups:
First is Kellog (K): We have a full candle close above the 9 day SMA yesterday and price action is above the 200 day SMA. We also see a positive crossover of the SS and a rising RSI. Be aware of the resistance line at 72.74 which could limit upside price action. Look for more positive strength in the RSI moving past 50 this morning.
Campbells Soup is next (CPB): Again, we see a full candle close above the 9 day SMA and price action above the 200 day SMA. We also have a positive crossover of the MACD and SS with positive momentum indicated with the RSI. Be aware of the resistance level at 48.62, which could limit the upside for price action.
Lastly, as seen in the S&P 500 daily chart, we are still trending down and price action is below the 200 day SMA which is bearish. Current price action is below the 9 Day SMA and we have a negative cross on the SS and a flat MACD.
The markets are still bearish and our price action has largely been determined by headlines about what the FED may or may not do. It’s a tough environment, even for swing trading, so don’t be afraid to keep you powder dry and wait for better set-ups.
This information is being provided for educational purposes and is not a recommendation to buy or sell a security. Have a Great Day and thanks for supporting the Platinum channel!
Share this article:
More in Uncategorized:
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum Trading] Stocks we are watching today for swings!
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![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
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it’s crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024