News / Uncategorized
[Platinum Watchlist] (3.27.23) 3 Stocks on our Radar for Swing Trades
[Platinum Watchlist] (3.27.23) 3 Stocks on our Radar for Swing Trades
August 21, 2023
Good morning
1. ABBV remains on the watchlist with the MACD and RSI remaining in the green as the Stochastic has shown us a slight rollover. Price action continues to find support at the 9-day SMA which is now above the cost basis of 154.55. There will be resistance at 160.64 where some traders may have sell orders. The next level of resistance will be 163.10. Protect your gains using stop limits.
2. PFGC is trading above the 200-day SMA finding price action support at the 9-day SMA. All oscillators are in the green, however we would like to see more strength in the RSI. We should expect some resistance around the 50-day SMA at 58.39 followed by 59.71.
3. AJG is trading above its 9 & 200-day SMA after finally breaking through the resistance level at the 20-day EMA. Support will be found at the 185.06 level followed by the 20 EMA at 184.66. The 9-day SMA is about to move above the 200-day SMA which is a bullish trend, and all the oscillators are in the green. We would still like to see more strength in the RSI. Loog for resistance at 189.03.
Be sure to set stop limits to protect any gains as these markets are moving fast. Utilize support and resistance as potential entry and exit points as determined by your individual risk tolerance.
This information is for educational purposes 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] (3.27.23) 3 Stocks on our Radar for Swing Trades
August 18, 2024