Wall Street Nole’s Day-Trading Weekly Top 5 Watch-List
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 | $TFM – Raymond James initiates coverage on the Fresh Market Inc with a strong buy and a $50 buy target. I believe this stock may have found a bottom and is now out of risk for returning below the gap. Play the trend on this and wait on volume for confirmation. |
| 2 | $SSYS – I like how this stock is starting to break out of consolidation and it’s about to test recent highs as well. It’s got a huge range of over $3.50 a day so anything goes on this with a bullish bias. Keep an eye out for $78 as a breakout level. |
| 3 | $MU – A huge gap up after earnings has made this one of the best stocks for the first quarter. It’s up close to 40% since the start of January and shows no signs yet of slowing. I believe this may be a buy the dip kind of play. Be ready for huge moves this week. |
| 4 | $WAG – This tricky little stock has been in beast mode lately. It has earnings this week and is sure to be in play. If the trend is our future indicator then you can definitely expect more buying but be careful of the extension from the current averages. WAG may also look to trend back to towards the mean if earnings do not beat. |
| 5 | $ PCYC- This Pharma play is insane as the wheels have started to fall off. This may have plenty of room to dump as I don’t want to be playing bounces on this. $70 is a very key level so watch the momentum heading into that level and how the price action reacts. |
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