Stocks to Watch This Week (6/28)

Post Sponsored by RNNR Spotter Trend Algo

RNNR Spotter’s proprietary trend algorithm script uses a combination of indicators and data to generate accurate buy and sell alerts.

Here is our list of five stocks to add to your watchlist this week. 

Week of 6/28/21

***Apple (AAPL)***

**Summary**: Currently in a supply zone where sellers have shot Apple down in the past. Here are some scenarios for the week:

  • Long/Calls: A break and close above 134 with targets of:
  • > 136.9, 139, 141.4, 144.5 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test before a breakout)
  • Short/Puts: A break and close below 132.8 with targets of:
  • > 131.4, 130.15, 128.65, 127.65 (Also Watch for potential bounces from these levels to go long to previous target and/or re-test before a breakdown)
  • Possible Consolidation between breaking level and 1st target on the Long or Short side pending which happens first.

**Indicators**:

  • MOVING AVG: Currently riding above the 72 EMA & 4 Period Variable MA but starting to curl sideways = Cautiously Bullish
  • RNNR Spotter: Last signal was Potential Downtrend. Look for a break of levels mentioned above for continuation of current trend.
  • RNNR Momentum: Just recently hit Bullish territory with buying pressure/momentum in the short term. However the momentum is not as big as it was with past bullish runs, unless we get above the levels mentioned above
  • On Balance Volume w/ Bollinger Band & EMA: Broke below its 9, 21, & 72 EMA and pointing down. Showing some short term bearish divergence = Neutral

1D Chart: https://www.tradingview.com/x/Y91kwDGF/ 

***Jet Blue (JBLU)***

**Summary**: Looking for support after the recent selloff and appears to be oversold. Here are some scenarios for the week:

  • Long/Calls: A break and close above 17.75 with targets of:
  • > 18.68, 19.36, 20 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test before a breakout)
  • Short/Puts: A break and close below 17 with targets of:
  • > 16.83, 16.25, 15.69,  (Also Watch for potential bounces from these levels to go long to previous target and/or re-test before a breakdown)
  • Possible Consolidation between breaking level and 1st target on the Long or Short side pending which happens first.

**Indicators**:

  • MOVING AVG: Currently below the 72 EMA & 4 Period Variable MA but trading sideways in a range = Neutral
  • RNNR Spotter: Last signal was Sell. Look for a break of levels mentioned above for continuation of current trend.
  • RNNR Momentum: In Bearish territory but with buying and selling pressure at inflection point. Thus showing signs of potential bullish reversal on the way
  • On Balance Volume w/ Bollinger Band & EMA: Below its 9, 21, & 72 EMA and pointing down. Also riding the bottom of its bollinger band and may be oversold = Neutral

1D Chart: https://www.tradingview.com/x/Si2KrPfY/ 

***Boeing (BA)***

**Summary**: Looking for a continuation of its current bullish run and potential bounce off 246.85. Here are some scenarios for the week:

  • Long/Calls: A break and close above 248.5 with targets of:
  • > 249.85, 252, 255.25, 259.5 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test before a breakout)
  • Short/Puts: A break and close below 248.25 with targets of:
  • > 246.85, 243.25, 240.15, 236.5  (Also Watch for potential bounces from these levels to go long to previous target and/or re-test before a breakdown)
  • Possible Consolidation between breaking level and 1st target on the Long or Short side pending which happens first.

**Indicators**:

  • MOVING AVG: Currently above the 72 EMA & 4 Period Variable MA but trading sideways in a range = Cautiously Bullish
  • RNNR Spotter: Last signal was Potential Uptrend. Look for a clear Buy signal and Look for a break of levels mentioned above for continuation of current trend.
  • RNNR Momentum: In Bullish territory but with buying pressure middling and trying to push up. Thus showing signs of potential continuation.
  • On Balance Volume w/ Bollinger Band & EMA: Below its 9, 21, & 72 EMA and pointing down. Also near previous OBV support levels = Neutral

1D Chart: https://www.tradingview.com/x/SRxN6ykw/ 

***Disney (DIS)***

**Summary**: Looking for a continuation of its current trend. Here are some scenarios for the week:

  • Long/Calls: A break and close above 179.10 with targets of:
  • > 181.5, 185.5, 187.5, 190.75 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test before a breakout)
  • Short/Puts: A break and close below 177.5 with targets of:
  • > 175.1, 172, 169, 163  (Also Watch for potential bounces from these levels to go long to previous target and/or re-test before a breakdown)
  • Possible Consolidation between breaking level and 1st target on the Long or Short side pending which happens first.

**Indicators**:

  • MOVING AVG: Currently sitting on 72 EMA & above 4 Period Variable MA = Cautiously Bullish
  • RNNR Spotter: Last signal was a Buy on Friday. Look for a break of levels mentioned above for continuation of current trend.
  • RNNR Momentum: In Bearish territory but with buying pressure trying to push up. Thus showing signs of a potential breakout
  • On Balance Volume w/ Bollinger Band & EMA: Above its 9 & 21 and pointing up. Needs to break 72 EMA to show continued strength.

1D Chart: https://www.tradingview.com/x/3WS2vz0x/ 

***Lowes (LOW)***

**Summary**: Appears to have a good base of support and has been in a consolidation since May. Also summer is a good time for house buying and shopping. Here are some scenarios for the week:

  • Long/Calls: A break and close above 193.5 with targets of:
  • > 196.2, 199.8, 203.45 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test before a breakout)
  • Short/Puts: A break and close below 191.2 with targets of:
  • > 187.5, 184.5, 179.2  (Also Watch for potential bounces from these levels to go long to previous target and/or re-test before a breakdown)
  • Possible Consolidation between breaking level and 1st target on the Long or Short side pending which happens first.

**Indicators**:

  • MOVING AVG: Recently crossed above its 72 EMA & 4 Period Variable MA = Bullish
  • RNNR Spotter: Last signal was a Buy on Wednesday. Look for a break of levels mentioned above for continuation of current trend.
  • RNNR Momentum: In Bearish territory but with buying pressure trying to push up. Thus showing signs of a potential breakout
  • On Balance Volume w/ Bollinger Band & EMA: Above its 9, 21, & 72 EMA and pointing up = Bullish

1D Chart: https://www.tradingview.com/x/CjLpNCIk/ 

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