Four Stocks To Keep On Your Radar This Week -

Four Stocks To Keep On Your Radar This Week

Jul 08, 2024Jeremy ParkinsonFinance, No picture0

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While conditions remain sub-optimal for breakout trading the shortened holiday week suggested further bullishness while the S&P and Nasdaq remain overbought. In a perfect world, we like to see stocks and the main indices setting up near their Key Levels. Notwithstanding that, here are four stocks to keep on your radar this week:

AMD (bullish) – Slightly out of fashion compared with NVIDIA, but stubbornly hugging its 50-DMA Key Level with a passably bullish OVI and bullish Shrinking Retracements suggesting buyers are hanging in there.

QCOM (bullish) – A potentially classic pullback consolidation to a Key Level with persistently positive OVI.

TPX (bearish) – Struggling to get back above its 200-DMA Key Level, a negative OVI, and visually apparent bearish Shrinking Retracements. Needs to break recent lows for a short.

ZS (bullish) – Recovering well since its May earnings and building up technical strength with a positive OVI, encouraging action near Key Levels, and arguably bullish Shrinking Retracements.