July 6 (Monday)

Stock Watchlist


How It Works

This StockWatch consists of a list of 6 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.

Monday Recap

July 6

BPY smashed resistance and finished the day 3.42% higher at $11.76

BPY ended the day just above the 50 period EMA (Exponential Moving Average). This is often a good place to see bounce backs or reversal of trends.

If tomorrow we see the price fall under the EMA line, then perhaps this signifies a reversal in the trend (or a sudden downtrend). However, most likley BPY will simply bounce.

This is definitely still a long term pick.

BYFC finished the day 6.75% higher than Friday.

However, there is a lot of volatility and volume, indicating that there is still interest in the company.

Furthermore, we saw BYFC fall all the way to the 200 Period EMA. However, the bounce back shows that clearly there is momentum.

FCEL was on fire Monday, going up nearly 14%

This was due to renewed interest in FCEL as Exxon discusses partnerships regarding carbon-capture technology.

FCEL is still a good long term buy.

FORM ended the day red, only .19% below open.

FORM is still a hold. Make sure you stay disciplined and set stop-losses and manage your risk.

FUV had a gap up and ended 5.56% higher.

However, the gap at market open was followed by a downtrend for the rest of the day.

Nonetheless we saw a bounce off the 200 period EMA and the 20 EMA is acting as resistance. This is still a long term hold :).

NIO has a bang of a day, finishing nearly 23% higher.

This is a great sign as NIO is also one of the longer term picks.

We may see a bit of a pullback tomorrow as investors may think NIO is overbought.

The last stock still on the watchlist from the weekend is EQT.

EQT went up 7% and seems to be using the 50 period EMA for support.

As a trend you my have noticed, most of the shares on the watchlist are for longer term than last week's picks.

GNUS, NUS, and WKHS are off the watchlist. All three do not have enough volume or have lost investor confidence. Howeer, NUS ended the day 7.48% bellow open as predicted. If you shorted NUS you would have had a good day.

The New Picks

Watchlist (For Tuesday)

These are the new stocks to watch out for tomorrow and the following days.

There is only only more picks for tomorrow.

Paychex Inc

PAYX (77.94)

PAYX has been in a steady uptrend for nearly two weeks.

PAYX will report their earnigns tomorrow morning before the market opens. The Estimates Earnings Per Share is set at $3.09.

If this is anywhere close to the actual earnings, PAYX will have a very good day (and perhaps week).