Wall Street Nole’s Day-Trading Weekly Top 5 Watch-List
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 | AOL– The first 2 on my list here are special dividend plays. The valuation of the future incoming cash flows is intriguing as ex-dividend draws close. I’ll be looking at the total gap in relation to previous dividend announcement close, along with closing price before ex dividend and open price on ex dividend in relation to the payout. Short opportunities and dip buying are in play as retail hysteria will bring in an entirely new breed of investors. |
| 2 | RGC- Analysis is similar to AOL from general special dividend terms. Also the size of the decline on Friday surprised me and I’ll look for long entries this week on RGC. |
| 3 | HLF- This is technically intriguing as we are right on the trend line from the proceeding double wicks. If we breakout here I’ll look for long entries and if we fail at the triple top I’ll look for short opportunities as this would prove we are buckling the trend. |
| 4 | ANF- Really nice reversal patterns last week on this stock as retail is in play this month. Key momentum tests for this stock will prove if it has another leg to go higher. |
| 5 | DDD- A good look on the daily chart as 3d is having some issues going higher. A down trend to the 40’s is possible before ticking back up. For now the bears are in control. |
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