News / Uncategorized
[Platinum Watchlist] (6.14.23) 5 stocks we are watching!
[Platinum Watchlist] (6.14.23) 5 stocks we are watching!
August 22, 2023
Good morning.
Fed rate announcement day so there is no hurry to enter new positions prior to this report and corresponding press conference. The Paper Trade Portfolio currently has three stocks:
SYF which closed above the cost basis yesterday which has been the first level of price support followed by the ascending 9-day SMA. There will be some resistance at the 34.71 level. There is a flattening of the MACD as the lines are moving closer to convergence. The position is showing a $0.35 / share gain as of yesterday’s close.
EQT closed above the cost basis. Support is at the ascending 9-day SMA with resistance found at the 40.07 level. There was a positive crossover of the 200-day SMA by the 9-day SMA a few days ago. The trading pattern has been sideways over the past 4 days. All the oscillators remain in the green. The position is showing a $0.13 / share gain as of yesterday’s close.
AIG Closed above the 200-day SMA for 5 days in a row which has been a nice support level for this stock. Resistance is at 58.92 which would provide a nice gain if price action could break out to the upside. The position is showing a $0.42 / share gain as of yesterday’s close. Continue to manage these positions by defending your gains with stop limits and maximizing potential gains with sell limits.
MDT just had the MACD cross the Signal line and the RSI went over the 50 level. Support is at the 9-day SMA with some resistance at the 50. Next level of resistance will be at 87.51.
NTRA has also seen price momentum closing just under the resistance at the 50-day SMA. Support is at 49.62. The RSI just crossed above the 50 level along with a positive crossover of the %D line by the Stochastic.
Patience is the key when entering a position and we have the FMOC meeting and report later today which could impact the market in either direction.
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] (6.14.23) 5 stocks we are watching!
August 18, 2024