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Stocks to Watch May 20th 2019

Team,  (sorry for not breaking these two stocks to watch down in a video,  but let’s get into it!)

Starting May 20th keep an eye on $UAA & $CRAY.  If the Dow futures ( /YM ) open up green, look for $UAA to make a bullish run.  In my opinion I see this adding on a little more green before it downtrends.  Look back on the daily chart, notice how it doesn’t like to hangout above the upper Bollinger Band for long, also notice there is a complete reversal on the MACD.  I would look for this to have a red day on May 20th, then trade sideways before the next up.

For ticker $CRAY, if the Dow futures open up green, let $CRAY  run up to see where it struggles.  Don’t chase the bullish run here, Call option premiums will be high, but Put options won’t!  In my opinion I see $CRAY pulling back over the next few days since it had a 22% gap up.  Once it settles on the daily chart it stands a good chance to make another bullish run.

I hope these help you out!  Remember to take profits when you have them!

Author:  James Mason

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