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July 14 – Stocks to watch: CSCO, SHOP, TTM, PYPL, ROKU, AMD, AMZN
Michael Kramer and the clients of Mott Capital own CSCO
No Morning Commentary – Due to the late release for Sunday
Here is a list of stocks to watch for the July 15 trading session
You can read more picks and more thoughts on the week in my premium article: The Week Ahead For July 15
Cisco (CSCO)
Cisco has finally broken out rising above resistance at $57.20. I think this will clear a path for the stock to move on to around $61. The RSI is trending and support the bullish technical break out.
Shopify (SHOP)
Shopify is another stock to keep an eye. SHOP has had an incredible run, but the RSI is rolling over, and its uptrend has been replaced with a downtrend. I think the stock falls towards $285.
Trade Desk (TTM)
The Trade Desk is another stock that has been rising steadily in an uptrend. The RSI has been trending lower, despite the stock soaring, a bearish divergence. Additionally, volume levels have been falling as the stock is rising, a sign that buyers may be thinning out. A drop below $230 sends the stock back to $173.
PayPal (PYPL)
PayPal appears to be forming a rising wedge pattern, which suggests the stock fall back to around $104.
Roku (ROKU)
Roku, I may have gotten wrong the last time, but the chart appears to be forming a topping pattern. Just look at the RSI which continues to trend lower, while the stock failed at the old uptrend, which is now resistance. Watch for a drop below $88.
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[youtube-feed feed=7]AMD (AMD)
AMD stock appears that it may be on its way towards $36, should it topple resistance at $34.50 which I think it will.
Amazon (AMZN)
Finally, Amazon could be on its way to $2,060.
-Mike
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Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.