In the video below I go over some weekly charts that look ready to move higher; $NVCR, $MDR, $SNBR, $BVN, $LULU, $BB.
I have an interest in the above stocks if and only if they can get through last week’s high. Most of these stocks have been trading sideways for a long time, for example, $LULU has been going sideways for almost six years, $BB as well. The longer the contraction the longer they will trend once they expand. Some people can get a little more comfortable with these stocks by looking at the fundamentals or you can just allow the price to guide you and guide you out.
STOCK OF THE WEEK RECAP
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at firstname.lastname@example.org or 646-480-7463.
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