Wednesday, July 12, 2017

3 Stocks I'm Watching for 7/13/17


Ferrari broke out to all time highs on huge volume today. I'll be watching for an early morning shakeout to get into $RACE. RSI is getting a little overheated on the daily chart for $RACE, but overbought conditions don't always mean a move is done (just be careful to watch for any major reversals).





GrubHub Inc. popped higher out of its recent range by ~3.5% today on an analyst upgrade. Watching for a continuation and potential retest of all time highs around $47.75 in $GRUB. I admittedly don't like how $GRUB closed below it's opening price, but this may provide a better entry going into tomorrow.



Twitter ran up over 3% today on above average volume. It is primed to retest its near term resistance at $19.50. I took a position at the end of the day at $19.25 in $TWTR.  If we close above the $19.50 area, the next area of resistance isn't until slightly above $21 in $TWTR.

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