Four Stocks To Watch This Week

Four Stocks To Watch This Week – Monday, Oct. 07

Oct 07, 2024Jeremy ParkinsonFinance0

WiseTraders Weekly Watchlist: October 07, 2024 – October 11, 2024

The expected “quick rest” happened and with earnings season commencing this week, there’s reason for optimism. Despite some bumps along the way, overall the market has been extraordinarily robust, and looks like continuing that way albeit with further bumps. Here are four stocks to keep on your radar this week:

AMD (Bullish) – In a holding pattern for a while, this semiconductor giant is now breaking out from a classic Big Money Footprints setup. Earnings at the end of the month, temporary resistance likely to be encountered around the July highs.

AMSC (Bullish) – OVI could be a lot more constructive here, but a move above $25 could be explosive in the short term.

BRK-B (Bullish) – Another one where the OVI could be more constructive, but we’ve seen it be a little slow on this stock before.

SMG (Bearish) – Overbought with a bearish monorail bar, this stock should pull back – probably to its 50-dma.

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