News / Uncategorized
[Platinum Watchlist] (5.31.23) 4 Stocks
[Platinum Watchlist] (5.31.23) 4 Stocks
August 22, 2023
Good morning.
BWA closed just below the 50-day SMA which previously was the support level where there were sell orders. The next level of support is the 9-day SMA, which is just above the cost basis. All the oscillators are still in the green and the 9-day SAM just crossed over the 20-day EMA. Sell limits can be set above the cost basis to preserve gains. Resistance is at 47.64. BWA close up $0.56 / share above cost basis.
ODFL closed up 0.55%. Suppor50-day SMA.t will be at the 20-day SMA with resistance at the 50-day SMA. All the oscillators are in the green, however more strength in the RSI would be desirable. Protect your gains with stop limits. ODFL closed up $1.75 / share above cost basis.
AMZN closed up 1.29%. Support is at the 9-day SMA. Resistance can be found at 123.76. All the oscillators are in the green. There was a golden cross of the 200-day SMA by the 50-day SMA yesterday which is considered bullish. Set stop limits to protect your gains.
HPQ released earnings yesterday and closed down. The oscillators are still in the green, however more price action downside is possible from the earnings fall-out.
This information is for educational purposes and is not a recommendation to buy or sell a security
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