These four retail stocks look poised to make a move towards the upper end of the channel patterns they have been consolidating in for the last month. Money flow indications (not shown) are positive.
Here are two stocks from the long neglected crude oil shipper sector, Frontine LTD (FRO) and DHT Holdings (DHT), that have formed bullish hammer candles on their weekly charts. These two are considered speculative long plays.
The charts of medical diagnostics companies , Myriad Genetics (MYGN) and CareDx (CDNA) have similar price patterns and technical indications. Most importantly the charts show a clearly defined downtrend line. A confirmed break suggests a move higher, but also, speculative plays.
Tractor Supply (TSCO) has an improving technical picture and is making new all time highs. It’s a good risk/reward trade.
Watch for upcoming earnings reporting. We do not recommend holding trading positions into earnings.