Weekly Options Watchlist - 4/8/19
Check out the TOP Stocks we are looking at for this week! Charting, analysis, breakdowns and more below!
ABBV has recently broke out from it’s resistance point. Right now I believe the gap will be filled. The MFI is still not overbought yet so there is plenty of room for this to run.
Price target: $85.00
Walgreens has recently had a major drop. It’s broke all support dating back years. However, I do believe this was an overreaction and with the oversold stochs on the daily coupled with the reversal candle I believe we will see upper $50s again soon. Look for late April or early May contracts to ride the full play out.
Price Target: $56-$59
Cop has bounced off this $65 level multiple times and has made a run up to $68. I don’t think this time will be any different. Look for an entry below $66.50.
Price Target: $68.00
With the recent breakout above $44.00 AIG is on it’s way to possibly recovering from last October’s fall. One thing to note is the gap created on Oct 23rd was filled during our last trading day. To me this is a bullish sign. However, we will want to play with caution.
Price target: $47.00
Here is the weekly chart for ATVI. As you can see it has approached this $48.40 resistance point many times and rejected. With the current market momentum I believe we will pass this resistance and breakout. Wait to enter until a break of $48.40 occurs.
Price Target: $50.00
APPL has been on a nice rebound the past month. It has now reached a prior resistance level of $197. I think we see a breakthrough of that level this week and a test of $200. Wait for stock to break over $197 before looking at an entry.
Price Target: $200
Have played GM several times with usually good success. It has struggled to break through $39 resistance the past two months but has had a strong run up through the 50SMA this past week. Wait till stock breaks over $39 to enter but this one looks good to break out this week.
Price Target: $39.50
Last Week Recap
ABBV - Price Target: $80.00 - NO SET UP
KO - Price Target: $48.00 - NO SET UP
UAL - Price Target: $82 - HIT
JNJ - Price Target: $138 - HIT
CMCSA - Price Target: $41 - MISS
GS - Price Target: $198 - HIT
ALLY - Price Target: $28.35 - HIT
COST - Price Target: $247 - HIT
NVDA - Price Target: $183 - HIT