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.
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For the week of June 24 – AMZN, NFLX, MU, NKE, BA
Michael Kramer and the clients of Mott Capital own NFLX
Here are few more stocks to take a look for that the Week of June 24.
Amazon is trending nicely higher, and I continue to think that AMZN moves closer to $1.965. The RSI is trending higher, too, support my bullish view for AMZN. Why Tesla And Amazon May Rise Further
Netflix is also likely to continue to rise this week after breaking a downtrend. Overhead resistance currently sits at roughly $380. The RSI has also broken its downtrend, that a big deal in my book. An increase above $380 pushes NFLX to $405.
Micron reports results this week, and it will be an important one. MU has put in a strong base around $32.50. I think MU reverse higher and moves towards $36.50
Well, Nike can’t be stopped, and NKE is breaking out ahead of its results this week. It will be essential to see what Nike has to say about business in China. Based on the break of the downtrend, NKE probably rises towards $88. The RSI is also breaking a downtrend.
Boeing is attempting to break out and rise above $370. If successful, BA can make a move to $400. The trend for the RSI is shifting higher too.
Have a great Sunday!
Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future results.