Home » 12 Stocks That May Break Out For The Week of June 4

12 Stocks That May Break Out For The Week of June 4

12 Stocks That May Break Out For The Week of June 4

12 Stocks That May Break Out For The Week of June 4

michael kramer and the clients of mott capital own shares of aapl, googl, nflx

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me. I make less than $100 a month in advertising fees. Otherwise, enjoy the column!

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The week of June 4 won’t have the economic headlines like last weeks Jobs report, but it doesn’t mean it will be a bore. The focus will still be on the progress of trade talks between the US and pretty much the rest of the developed world. But as we have been discussing the rotation in the market appears to continue to favor the technology, biotech, and consumer discretionary stocks, and that should continue this week.

Just which way the market goes this week may just come down to a handful of stocks, with mega caps Apple, Microsoft, Alphabet, Facebook, Amazon still very much in charge.

The Stock Charts To Watch For The Week of June 4

AMZN

Amazon broke out last week, and now support for the stock has shifted up to $1,620. As long as the stock continues to remain above that price, there is only one direction for Amazon to go and that is up, and I as noted earlier in the week it could be heading towards for $1,840.

amazon

GOOGL

Alphabet had an intense week, and should it rise above $1,150 chances are it has much further to climb, up towards $1,180 for starters.

alphabet

MSFT

Microsoft is also rising, and a move towards $104 seems to be coming.

microsoft

FB

It was two months ago, when Facebook was left for dead, and now here we are sitting on the doorsteps of an all-time high.

facebook

AAPL

Apple didn’t participate much last week, but this week it looks like it is ready too, and a move to $200 is coming.

aapl

NFLX

Netflix’s stock has been killing it all year, and a move towards $390 is in the works.

netflix

NVDA

Nvidia is nearing a break out that might send it towards $280.

nvidia

SGEN

Seattle Genetics did something it hasn’t done in years, and that is a breakout, rising above a multi-year downtrend. The next level of resistnace comes at $69.50.

sgen

AMGN

Amgen looks like it might be on its way towards $190.

amgen

GILD

Gilead on to $72.

gilead

BABA

Looks like Baba may be breaking out too, and that means a jump to $220 may be on the way.

baba

RUT

The small caps have clearly broken out as well.

russell

The Ugliest Chart Around

And then there are Financials, with one of the ugliest charts around, looking for a move to about $25 on the XLF.

fianncials

Good Luck This week!

-Mike

Photo credit via Flickr

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