Three Stocks To Watch On Tuesday

By | June 5, 2018

Here are several stocks on my watch list today:

The Health Care Select Sector SPDR Fund (XLV) has been trading in a horizontal channel for the last two months. Resistance is situated in the $84 area and the February low around $79.50 has supplied well-tested support.

The channel pattern price projection is measured by taking the height of the channel and adding it to the channel top. It targets to the $88.50 area.

Home Depot (HD) shares have broken above the rim line of a four month cup and handle pattern.

The relative strength index is above its center line and 21 period average, and the accumulation distribution line is tracking higher and above its signal average.

Memory chip manufacturer Smart Global Holdings (SGH) is breaking out of a cup and handle pattern on its daily chart.

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