This StockWatch consists of a list of companies that I believe have the potential to do well this week.
It is essential I make this clear: Not all these companies are going to go up nor are they likely to.
Rather, I delineate that these companies have the potential to do well if and only if certain conditions occur.
StockTalk is not responsible for any loss or mistakes made by an investor. However StockTalk would love your feedback and help on how to better improve this.
Chegg Inc
CHGG (72.96)
CHGG has been uptrending for the past few months.
CHGG is currently at its support level. Buying now and waiting till it touches resistance later on may be a lucrative oppurtunity.
Alteryx Inc
AYX (120.84)
AYX has had a bumpy ride after dropping 20% in one day.
If AYX where to break past the 130 line, AYX may be able to fill the gap very soon.
Fortress Biotech Inc
FBIO (3.78)
FBIO has had a lot of volatilty and a massive day on Friday (14%).
However, this may have been a sign of overextending, after which the price could come down this week.
On the other hand, if FBIO continues at the same price leve, the uptrend may not be over yet.
Vivopower International Plc
VVPR (8.28)
VVPR had a massive Friday, up nearly 69%.
Most sudden pumps result in a very quick dump as well. However, the RSI does not seem to show any signs of divergence. Be on the lookout.
Nio Inc
NIO (18.5)
NIO has been on the watchlist multiple times: its just that good.
This week was fairly poor for NIO. However, that also presents an awesome oppurutnity to buy the dip.