Last week was a great week for charts we mentioned in our previous blog post. Some of these included $I rallying from $4.26 to nearly $9.70 during the week. $AXAS and $GTE also had pretty solid weeks. Below we will go over the charts we are keeping an eye on this week.
$ENPH - Target level @ 4.95 in our opinion. ENPH has shown upward trends the last couple trading sessions closing +7% on Friday. We are watching for a 4.95 break. IF the stock can break those levels, we see a continued upward trend in our opinion. RSI index is a little higher than we like to see, but the MACD can't be ignored, setting up a nice crossover formation.
$DSX - Target level @ 3.81 in our opinion. Diana Shipping closed Friday +3.89% on the day. On Friday the stock closed above it's 50 day SMA which could be potentially significant. IF the stock can power through 3.81 levels we could see more upside movement in our opinion. The stock has not traded above the 50 day SMA in a while. Fridays close could be signaling a new upward trend forming.
$FBP - Target level @ 6.92 in our opinion. First Bancorp finished Friday +3.79% on the day. We will watch for a 6.92 break. IF the stock can break that level we could see it moving up in our opinion. As you can see from the chart, 6.91 is the current yearly high. IF the stock can break 6.92 we could see it creating newer highs looking forward. Usually when a stock is close to breaking yearly highs, both the MACD and RSI will be inflated. In this scenario they are both high, but still have room to go up in our opinion.
$CMRE - Target level @ 7.10 in our opinion. Costmare finished Friday +2.79%. We will watch for a 7.10 break to signal additional upward momentum in our opinion. IF the stock can break those levels, there seems to be a nice gap up it could potentially fill. We are not as bullish on this chart as the ones above, but it's still a chart we will keep an eye on this week.
Comentarios