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[Platinum Watchlist] (6.15.23) 5 Stocks on our Radar!

[Platinum Watchlist] (6.15.23) 5 Stocks on our Radar!
August 22, 2023

Good morning.  

The fed signaled a possible two more rises in interest rates yesterday causing some market chaos and the futures are down this morning.  

SYF continued trading in a sideways pattern closing below cost basis at the 9-day SMA which is support. If price action can move above cost basis, there will be some additional resistance at 35.00. Closing price is $0.25 / share below cost basis. 

EQT is trading sideways trying to close above resistance at 38.94. More sell orders will be found at 39.45. Support will be at the 9-day SMA. Closing price is $0.36 / share below cost basis.  

AIG closed below cost basis finding support around the 9-day SMA. Resistance is at 57.42. There is a slight rollover of the Stochastic.  Closing price is $0.37 / share below cost basis.  

NTRA is finding resistance at the 50-day SMA with support at the 20-day EMA. All the oscillators are in the green. Closing price is $0.25 / share below cost basis.

 

MDT gapped up and found resistance at 89.84 before settling at 87.91. All the oscillators are in the green. Support will be at the 50-day SMA. Closing price is $2.16 / share above cost basis.  

Set your stops to defend the gains and reduce the amount of losses based on your trading plan and utilize risk management to make sure a trade doesn’t get away from you on the downside.  

Have a great day!  This information is for educational purposes and not a recommendation to buy or sell a stock.

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