Stocks to watch for the week of June 14
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Ashford Hospitality Trust, Inc. (NYSE:AHT) The last couple of days the stock seems to have been forming a Bullish flag pattern or pullback opportunity and a breakout is needed for further direction to be divined. After showing a smart recovery from the lower levels around $6, the stock has been moving sideways. From a technical standpoint, the break to the upside is a strong indication that prices are headed higher. So, perhaps this was just merely a pause in a strong uptrend. Breakout watch $6.66
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Fubotv Inc (NYSE:FUBO) Still flagging. Could pop nicely over 31.57
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Farfetch Ltd (NYSE:FTCH) has a chart set to breakout. Watch over $49.71
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AST SpaceMobile Inc (NASDAQ:ASTS) reversed and closed back above the $10 resistance zone, which was a very positive sign. The stock hit a high of $10.20, which is now resistance for Monday’s continuation move. All exponential moving averages are below turning up for support. I like this stock a lot for another swing trade.
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Congrats to those that took full advantage of EVFM. The stock closed up 19% on Friday closing the huge gap that I mentioned on May 30th in this blog "This penny stock could make a huge move to the upside. Keep it on your watch list. A break of 87c with force might give the stock room to +$1.2". I sold all my shares yesterday.
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Basing nicely here. In the short-term, I identify an opportunity for an upside recovery in Hoth Therapeutics Inc (NASDAQ:HOTH), which remains to be confirmed. We have not had a clear capitulation to stop the current bearish trend in progress but the major support around $1.55 which we arrived a few days ago have held, it managed to stop the decline. Long setup on watch.
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GoPro (NASDAQ:GPRO) is a potential breakout trade above the 12.66 resistance area targeting the 13.8 Key indicators on daily charts suggesting continuation of positive bias and the stock price is likely to show further upside.
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Peloton Interactive Inc (NASDAQ:PTON) is showing signs of an upcoming breakout. I believe the stock is gaining momentum and could keep running. Watch the stock closely next week.
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
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AC
Labels: AHT, ASTS, EVFM, FTCH, FUBO, GPRO, HOTH, PTON
