News / Uncategorized
[Platinum Watchlist] (7.13.23) 3 Stocks
[Platinum Watchlist] (7.13.23) 3 Stocks
August 22, 2023
Good morning.
Futures are up this morning as we await the latest PPI numbers.
AIG still has a 1/2 position remaining in the paper trade portfolio as some of the position was taken off the table yesterday. See the post above. Price action continues to move higher bouncing between the support level at the 9-day SMA and the upper Bollinger Band. There will be some selling pressure at 59.93. Support is now slightly above cost basis. This position is currently providing the paper trade portfolio with a $0.76 / share unrealized gain as of the close.
MHK gapped up yesterday with price action above the upper Bolinger Band for the third straight day. Price is above all the critical SMAs, and the oscillators are in the green. Sell pressure may be found around 116.27. This position is currently providing the paper trade portfolio with a $6.67 / share unrealized gain as of the close.
NSC closed slightly below cost basis but still along the upper Bollinger Band. Support is found at the 9-day SMA with resistance at 236.51.
As always, protect your gains with stop limits or trailing stops and manage risk to avoid downside loss. For those with higher levels of risk tolerance, check out the Horizons and < 200 stock lists. Make sure you follow your trading plan to increase the probability of success and reduce potential losses.
This information is for educational purposes and not a recommendation to buy or sell a stock.
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
[Platinum Watchlist] (7.13.23) 3 Stocks
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum Watchlist] (7.13.23) 3 Stocks
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![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
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024