Watchlist

Square (SQ)

Analysis:

What we’re watching for:

Stock price as of July 26 close: $81.81

Ally Financial (ALLY)

Analysis:

What we’re watching for:

Stock price as of July 26 close: $33.73

Luckin Coffee (LK)

Analysis:

What we’re watching for:

Stock price as of July 26 close: $24.92

Intuit (INTU)

Earnings release: 8/21/2019

Analysis: Intuit is in a solid uptrend since finding a bottom on 5/13/19 and then testing that bottom with an higher low on 6/03/2019.

Current set up shows the 5 day moving average moving back above the 10 day moving average. Very persistent support at the 10 day moving average. My theory is this should have a decent floor of support for the short term.

The 07/26/2019 trading day took out the left side of the short-term consolidation and resistance from the 7/15/2019 trading day.

What we’re watching for: Intuit should have some room to run heading into the 8/21/2019 earnings report. Sell out of the stock if a close below the 10-day moving average occurs ($281.60 on 07/26/19) or if the stock is moving down on heavy volume and undercuts the prior near-term low of 278.28 on 07/23/2019.

Stock price as of July 26 close: $283.77

Lockheed Martin (LMT)

Analysis:

What we’re watching for:

Stock price as of July 26 close: $369.46

EPAM Systems (EPAM)

Analysis:

What we’re watching for:

Stock price as of July 26 close: $200.82

McCormick & Company (MKC)

Analysis:

What we’re watching for:

Stock price as of July 26 close: $162.57

Okta (OKTA)

Analysis:

What we’re watching for:

Stock price as of July 26 close: $140.50

Carvana (CVNA)

Analysis:

What we’re watching for:

Stock price as of July 26 close: $66.45