Skip to content

News   /   Uncategorized

[Platinum Watchlist] (7.5.23) 4 stocks

[Platinum Watchlist] (7.5.23) 4 stocks
August 22, 2023

Good morning. 

U.S. stock futures are down this morning to kick off the second half of the 2023 trading year so there is no hurry to enter new positions. I hope everyone had a nice Independance day holiday.  

There are currently 3 positions in the paper trading portfolio. Let’s see where we are as of market close on Monday. 

PM closed up above the 97.51 support level continuing its uptrend price action along the upper Bolinger Band. Resistance will be found around 99.94. All the oscillators are in the green. This position is currently providing the paper trade portfolio with a $1.71 / share unrealized gain as of the close. 

ABT closed down with the 50-day SMA showing support. There has not yet been a full candle close under the 9-day SMA. There is a flattening out of the MACD and a decline in the RSI, so set your stop limits above the cost basis to assure you lock in gains as price action is moving sideways. This position is currently providing the paper trade portfolio with a $1.33 / share unrealized gain as of the close. 

CHTR continued its uptrend in price action along the upper Bolinger Band. Support is at the 200 with resistance found around 381.08. All the oscillators are in the green. This position is currently providing the paper trade portfolio with a $5.28 / share unrealized gain as of the close. 

CDW has moved up from the < 200 Stock List providing a back test of its 200-day SMA which becomes a level of support. There will be some selling pressure around 185.94 which is beyond the upper Bolinger Band level of 184.31. With market futures in the red today, a trader may be able to get a better cost basis with a buy limit set closer to the support level to catch a price action gap down or just pass on this one. 

Market volatility can be frustrating, but it is important to be patient and wait for good trading opportunities.  

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

Share this article:

More in Uncategorized:

Best of US Investors

AI's Hidden Challenge: The Rising Demand for Data Center Cooling

As artificial intelligence (AI) continues to revolutionize industries across the globe, a less-discussed but critical challenge is emerging: the increasing...

Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it

Kerry Grinkmeyer
June 20, 2024

Best of US Investors

Market Breadth Divergence - A Concerning Signal Ahead?

The stock market has been hitting new record highs lately, with the S&P 500 and Nasdaq making fresh all-time peaks....

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
June 19, 2024

Best of US Investors

The Looming Global Debt Crisis: A Ticking Time Bomb

The world is facing an unprecedented debt crisis, with global government debt reaching a staggering $315 trillion in the first...

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
June 11, 2024

Best of US Investors

A Safe Way to Invest in Cannabis with Innovative Industrial Properties

The U.S. cannabis industry remains highly fragmented and risky, but there is one outlier that provides investors with a relatively...

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
May 17, 2024

Best of US Investors

7 Stocks With Cosmic Potential - Finding the Next "Moonshot" Investments

May 16, 2024 By Kerry Grinkmeyer There are only two main ways to make big money in the stock market....

[Platinum Watchlist] (7.5.23) 4 stocks
May 16, 2024

Best of US Investors

Unveiling the Future with Emily Leproust and Twist Biosciences

In a world grappling with environmental challenges and the relentless pursuit of longevity, a visionary figure has emerged – Emily...

Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it

Kerry Grinkmeyer
May 15, 2024

Register for the Best of US Investors Newsletter

Get daily financial news delivered to your inbox. Join today.

©2024 Best of US Investors. All rights reserved.

Site by KMA

Disclaimer

This Best of US Investors website is not and should not be considered investment advice. This Best of US Investors website is for informational purposes only. Nothing on this Best of US Investors website constitutes a recommendation to buy, sell or hold any security at any time. Always consult with a financial professional that is familiar with your specific situation before making any investment or trade.

Use of this Best of US Investors website is at your own risk. Best of US Investors makes no warranties about the accuracy, completeness or reliability of any content on this Best of US Investors website.

All the information on this Best of US Investors website is provided “AS IS”. Do not rely on any statements made on this Best of US Investors website.

In no event shall Best of US Investors be responsible or liable for any damage that occurs while using or reading any content on this Best of US Investors website.

Best of US Investors may have a position (long, short or neutral) in any security mentioned on this Best of US Investors website and therefore may realize significant gains in the event that the price of the security mentioned on this Best of US Investors website declines or appreciates.

Best of US Investors may buy and/or sell any security mentioned on this Twitter account at any time and for any reason. I may trade contrary or different to the information provided on this Best of US Investors website. You should assume that any email or post on this Best of US Investors website may cause the price of the security mentioned to appreciate or decline in a dramatic way.

Best of US Investors may continue to transact in any security mentioned on this Best of US Investors website an indefinite period of time after any email or post and such positions may be long, short or neutral at any time hereafter regardless of the initial view or positions stated on this Best of US Investors website.

In no event shall Best of US Investors be liable for any claims, losses, costs or damages of any kind including direct, indirect, punitive, exemplary, incidental, special or consequential damages, arising out of or in any way connected with any information presented on this Best of US Investors website. This limitation of liability applies regardless of any negligence or gross negligence of Best of US Investors or any company affiliated with Best of US Investors. You accept all risks in relying on the information presented on this Best of US Investors website.

If any statement in this legal disclaimer is held to be invalid or unenforceable, then the remaining provisions shall continue in full force and effect.

For more information, contact [email protected] .