This StockWatch consists of a list of 9 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 dilineate 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.
The first day of June has a lot of uncertainty and swings in the market. The Stock Watchlist did not have any false triggers or losses. Hopefully if you made some trades before confirmation you had set up strict stop-losses and take-profits.
However, for the third day in a row WKHS has been on fire.
WKHS has gone up nearly 100%. Thats right 100%.
Although WKHS had a big dip around noon, there still seems to be an uptrend and no sign of RSI divergence.
RAD broke resistance right as the day began (as predicted). RAD went all the way up to 5%.
The rest of the day was a downtrend for RAD. RAD still ended 1.4% higher than open. However, if you managed to set a stop loss or take profit of 5% you could have been able to leave the trade with a nice profit. RAD is no longer on the watchlist however
it did give a good result today.
GLYC ended 1.8% higher. Although there was no tremendous growth, GLYC still stayed in consolidation and continued its ups and downs.
The lack of volume and form of catalyst makes me less optimistic about this stock. However, I am still keeping this on the watchlist if it were to break resistance.
BSIG did not break through resistance and ended 1.2% below market open.
The sharp decrease in volume and volatility as well as no warrant for a sudden trend leads me to believe the 3% gain in the last two days is all that will happen.
PCRX went up 1.3% today. It has had consistent volume and volatility for the past two days.
PCRX seems to still be in consolidation however support and reistance lines are slightly higher than the previous day. The volume spike at the end gives me reason to believe there still is potential.
The New Picks
Watchlist (For Thursday)
These are the new stocks to watch out for tomorrow and the following days.
New COVID reports regarding the spread of the virus on children has caused massive interest in RARE
Keep looking at the uptrend. A break up or a gap up in the coming days may be a sign of a good oppurtunity.
MAXR has been in a period of consolidation since the 25th.
Today there showed a break through resistance as MAXR finished 7.29% above resistance.
There is signs of rsi divergence however. This may signal the trend is getting weaker.
SPPI jumped up nearly 9% today.
News of promising results on COVID trials make SPPI a good stock to look for in the coming days. Watch for a gap up.
WSC was on a downtrend for a few days.
However, today might have marked a reversal in the trend. If this trend continues tomorrow then we may see some results on Friday.
ZYNE had a MASSIVE gap down over the weekend due to fear from investors.
Chances are this company will start reverting back to its mean in the coming days. A news catalyst may also help the growth.