Below is a list of stocks to watch on Wednesday. These stocks are active and have the potential to break out this week.
Check out my Stock Picks for 2017 - Stocks to Buy 2018 - Best Penny Stocks 2018
Tesla (TSLA) - Tesla (TSLA) continues to see large swings as investors try to guess what 2018 sales and earnings will be. There is strong support in the $290's right now. Tesla is the next Apple so all dips below $300 are a strong buy. Resistance is now located up around $330.
Apple (AAPL) - Apple (AAPL) is trading back around $170. I wouldn't sell AAPL below $150 if we see a big correction but I would unload it anywhere above $150. The size of the company greatly limits upside potential.
Amazon (AMZN) - Shares of AMZN continue to see a steady rise. AMZN will have support between $1030-$1050 if we see more downside from here.
Small Cap Bull 3x (TNA) - TNA is now up 130% since the election. I like shares in the $40's if we see a massive stock market correction.
Sage Therapeutics, Inc. (SAGE) - SAGE continues to see wild swings after the company reported strong depression drug data. SAGE could be the next big biotech if you are looking to buy something in this space. All biotech stocks are a big gamble. The offering was priced at $85 so the stock is a strong buy below $85
Shake Shack (SHAK) - Shake Shack (SHAK) is now showing signs of life after a rally into the $40's. SHAK is always a strong buy near $30 for the long term.
Check out my Stock Picks for 2017 - Stocks to Buy 2018 - Good Stocks 2018
Stocks to Watch - 12/6/17
Globus Maritime (GLBS)
Revance Therapeutics (RVNC)
American Electric (AETI)
Moleculin Biotech (MBRX)
Collegium Pharma (COLL)
Barnes & Noble (BNED)
Check out my Stock Picks for 2017 - Stocks to Buy 2018 - Best Penny Stocks 2018
Tesla (TSLA) - Tesla (TSLA) continues to see large swings as investors try to guess what 2018 sales and earnings will be. There is strong support in the $290's right now. Tesla is the next Apple so all dips below $300 are a strong buy. Resistance is now located up around $330.
Apple (AAPL) - Apple (AAPL) is trading back around $170. I wouldn't sell AAPL below $150 if we see a big correction but I would unload it anywhere above $150. The size of the company greatly limits upside potential.
Amazon (AMZN) - Shares of AMZN continue to see a steady rise. AMZN will have support between $1030-$1050 if we see more downside from here.
Small Cap Bull 3x (TNA) - TNA is now up 130% since the election. I like shares in the $40's if we see a massive stock market correction.
Sage Therapeutics, Inc. (SAGE) - SAGE continues to see wild swings after the company reported strong depression drug data. SAGE could be the next big biotech if you are looking to buy something in this space. All biotech stocks are a big gamble. The offering was priced at $85 so the stock is a strong buy below $85
Shake Shack (SHAK) - Shake Shack (SHAK) is now showing signs of life after a rally into the $40's. SHAK is always a strong buy near $30 for the long term.
Check out my Stock Picks for 2017 - Stocks to Buy 2018 - Good Stocks 2018
Stocks to Watch - 12/6/17
Globus Maritime (GLBS)
Revance Therapeutics (RVNC)
American Electric (AETI)
Moleculin Biotech (MBRX)
Collegium Pharma (COLL)
Barnes & Noble (BNED)
