Wall Street Nole’s Day-Trading Weekly Top 5 Watch-List

 

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This list is made up of high probable stock setups from the previous week’s price movement. These tickers tend to match my criteria of volume, high range,and historical price movement with suitable risk vs reward setups. These stocks also have a lower market correlation and act inversely at times from the broader trend.

 

   

 

These 5 stocks will be towards the top of my day trading radar this week.

 

Top 5
1 $OCN- Back from the grave, this old-school high flyer is back! Financials have been performing well but I have not played OCN intra-day in quite some time. I’ll be on lookout for price action around the all time highs as it tracks down $40.
2

$AMZN- Just hit the 52 week high last week and is consolidating below $270. I feel this stock could rip if it breaks and holds. Watch the broader market and look for low risk entries in an attempt to time the breakout. 
3

$JOY-  Has performed very well and is now above all 3 major moving averages on the daily chart. Watch the Volume on this stock. High buying daily volume has done really well for the following 2 weeks. I’m a buyer while it’s above the 12 EMA on the daily.
4

UA- It’s important to keep a few retailers on you watch list as retail data has been volatile and surprising to say the least. UA is dangerous in my opinion from a technical standpoint. Volume is way down but intra day range is close to highs. It’s whipsaw on the daily but some great oppurtunities intra-day with a bearish bias. 
5

SODA-  Soda is “popping” after the buy rating from Citi group. This is the newest stock of the WSN top 15 Splash Zone member’s list for 1.13. Huge range with a decent amount of liquidity intra-day. It’s holding the near term moving averages well and I’ll be looking for a long play this week.

 

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Questions about day trading or managing risk? Feel free to contact WallStreetNole