News / Uncategorized
[Platinum Watchlist] 1.24.23 3 stocks on the watchlist
[Platinum Watchlist] 1.24.23 3 stocks on the watchlist
August 21, 2023
Good morning!
Stock futures for major US markets are down this morning as we are expecting a boatload of earnings reports today. Let’s review our paper trade portfolio.
CENX closed down just .01 yesterday still trading above the 9-day SMA. Resistance remains at 11.96 and support at the 9-day SMA. The trading pattern has been sideways for the past 9 days which is not what I want to see in swing trade price action. The 9, 20 and 50 SMAs continue in an upward trend and indicators remain positive. The MACD line is slowly rolling over towards the signal line, so be aware and set stops accordingly to reduce potential losses.
OXY closed down yesterday but still maintained a level above the 50-day-SMA. If price drops below this level the next support would be the 9-day SMA. Indicators still are tracking positive. Upper-level resistance is currently at 71.10.
ZTS had a nice run yesterday and closed up 1.79% at 166.75. Upper resistance lines are currently at 173.81. Indicators are still trending positive. The goal is to protect our paper trade gains standing at 4.36/share setting stops above our cost basis.
This information is being provided for educational purposes only and is not a recommendation to buy or sell a security.
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] 1.24.23 3 stocks on the watchlist
August 18, 2024