SAVA:NASDAQ is one of those stocks that can get super spikey on news and after a 10 month investigation the SEC has apparently cleared them of any wrongdoing after having previously accused the company of manipulating research results of its experimental Alzheimers Disease drug.
Feels overbought at the moment looking at the RSI, but could be one to watch.
Bank of America analysts have become bullish on SoFi's stock with the student loan payment moratorium ending and its NFL partnership. The bank upgraded the company's stock to Buy from Neutral on Wednesday, raising their price target to $9 per share from $8 per share.
Could be one to watch.
One of those plug the gap type trade. Big dump back to a previous support area, but big volume led recovery.
Speculative play, but might be worth a look for those who like this kind of trade. Watch for the break above support, but keep your stops handy.
Investors reacted strongly to the downside on news of the latest trial results, while the companies headline read more bullish.
Going to look at this one as potentially oversold - time will tell of course.
Could look at a stop limit buy order where if the stock recovers then you can enter the trade, but if it continues to head down then you stay out. Would also...
Warren Buffett has been steadily buying this stock over the last few months and now owns 26.8%
With regulatory approval now allowing him to own up to 50% will be interesting to see where this stock ends up.
Indicators look good. Price at a support area, RSI showing good value, and MACD looks like momentum might be coming back into the stock after its recent...
With the big market drop on Friday (Dow down 3% and NADAQ almost 4%) I thought I would have a look for some stocks that might have been oversold and their drop exaggerated by the overall market falling.
What will sometimes happen is some bad news plus the overall market having bad news will end up with 1 + 1 = 3 and an overreaction as stop losses get triggered...
Anson has been range trading since the end of last year and with todays announcement of plans for a major increase in planned production capacity of its core asset, the Paradox Lithium Project in Utah, USA it would seem pretty bullish.
Could be worth further research.
Quite a lot of upside potential to get back to old highs if this one does decide to run again. Back up above its 20 day moving average, but needs a couple more upward moves to confirm. Added to the watch list.
A recent market favourite GRR is a bit all over the place lately. Its dropped back again to a pretty solid support area after todays quarterly report.
Hopefully once the market has digested the news we might see another move back up.
One to watch.
Marathon Oil was a nice steady runner throughout the last 12 months pre pullback with the wider market. It's back up above its 20 day moving average and showing signs of regaining some of its momentum.
Just keep an eye on earning due in the next couple of days and see which way the stock reacts depending on the news.
One to watch.
Ford posted some good earnings last week and you can see its had a nice bump in the price. Looks a bit too hot at the moment looking at the RSI but could be worth adding to your watchlist. Bit of upside if it continues to rally.
Australia's Core Lithium has been in a pretty strong uptrend over the last couple of weeks.
The RSI looks like it can run higher based on past levels.
Could be worth a watch.
(also thought I'd try a darker theme for the fun of it)
Cenovus Energy has had a bit of a run after reporting higher Q2 EPS year over year.
They are also potentially getting a bit of a bump pre next weeks OPEC meeting with crude oil closing higher on Friday even as recession concerns continue as traders see little prospect of a rise in supply coming from next week's OPEC+ meeting.
Might be worth a watch.