warchants-2

This list is made up of high probable stock setups from the previous week’s price movement. These tickers tend to match my criteria of volume, high range,and historical price movement with suitable risk vs reward setups. These stocks also have a lower market correlation and act inversely at times from the broader trend.

These 5 stocks will be towards the top of my day trading radar this week.  

 

Top 5

1

KORS- 58 level denied for a 3rd time last week! This stock continues to be a great short into the highs

2

DECK- Bad earnings sent this stock tumbling. Keep an eye if it wants to decline further or slowly fill the gap.

3

JOY- Massive Selling at 67 on the nose. I’ll look to short into the retest if the technical setups align.

4

WLT- I still like this energy play for both long and short setups. It typically has one or two really good trends per day.

5

HP- A newer stock I added to my watchlist this week. It has dumped into the morning spikes consistently. I’ll look for a repeat of this action along with bottom bounces.

Questions about day trading or managing risk? Feel free to contact WallStreetNole 

You Might Like

  • Swing Trading Using Volume Analysis

  • The Psychology of Swing Trading and Winning the Mental Game

  • Building Your Trading Strategy for Lasting Success