$TXMD - Target level @ 6.38 in our opinion. TherapeuticsMD finished Fridays trading session +3.28% We will look for additional upward momentum this week. IF the stock can break 6.38, we could see more room on the upside in our opinion. MACD and RSI are solid on the charts. Some may argue the RSI is approaching overbought territory, but we do not feel it's a factor just yet. Overall chart setup looks pretty decent and will get our attention.
$RRD - Target level @ 6.89 in our opinion. RR Donnelley & Sons finished Fridays trading session +2.11% This was the third consecutive day closing in the green. We will watch for a potential breakout on this chart. The reason for this is because we are entering a phase of potential MACD crossover. We are also seeing the stock come out of oversold territories. IF the stock can power through 6.89 levels, we could see a potential breakout in our opinion. The stock had a very rough April, selling off substantially. We will see if this recent upward trend is real momentum or just a bull trap.
$PIR - Target level @ 2.39 in our opinion. Pier 1 Imports finished Fridays trading session +2.19% The stock has been in consolidation mode for a while and we are starting to see slight upward momentum. IF the stock can break 2.39 levels, we could see a potential gap up to fill in our opinion. A 2.39 break would also surpass the 20 day SMA which the stock has not tested in a while. MACD and RSI also look very favorable here in our opinion.
$TGA - Target level @ 2.28 in our opinion. TransGlobe Energy has a very nice day on Friday finishing the session +9.31% It appeared that analyst upgrades may have been a key catalyst. As the stock continues to make newer highs, we will see if it wants to continue that trend this week. Even though both MACD and RSI do not look favorable, there could still be some potential here if 2.28 can be powered through in our opinion. At some point the stock will have to cool off, but we will see if it has any more steam this week.
Comments