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Day Trading Stocks to Watch for 09/25/19 $AMD $FB $QCOM

What is a Watchlist?

A watchlist is a list of securities being monitored for potential trading or investing opportunities.

An investor or trader may create a watchlist of several, dozens, or even hundreds of trading instruments to make more informed and opportune investment decisions. A watchlist can help an investor track companies and stay abreast of financial or other news that could impact these instruments. Typically, the investor monitors the list, waiting for certain criteria to be met, such as trading, over a certain volume, breaking out of a 52-week range or moving above its 200-day moving average, before placing trade orders.

When to Use a Watchlist

An investor, for example, may be interested in purchasing stocks in a particular sector. But if that sector is generally overvalued, it may offer few stocks that are attractively priced. An investor could create a list of all the stocks in that sector that would track various valuation measures, including ratios like trailing price-to-earnings, price-to-sales, and price-to-book, among others. When a company on the list met a specified valuation criterion, such as a PE ratio less than 15, he or she would then know that this stock was a possible candidate for investment. Many investment-oriented websites allow visitors to create watchlists online.

If you're interested in keeping track of any securities, you can build your own watchlist on most brokerage platforms.

Advanced Micro Devices Inc. (AMD) Stock Watch Today

$AMD – Advanced Micro Devices started to breakdown on the daily chart thus putting it into a setup for a potential bearish swing trade.  $AMD at the time of this analyst had a mark of $29.52.  When looking at the daily chart, the next support that I see is $27.88.  If it breaks that support I would really expect it to push down with extreme force.

Facebook Inc. (FB) Stock Watch Today

$FB – Facebook brought through the bottom Bollinger Band line on September 24. I’m looking for $FB to repeat its last major selloff and downtrend near the $166 range.

QUALCOMM Inc (QCOM) Stock Watch Today

$QCOM –  Qualcomm posted a massive red candlestick for the day of September 24.  I’m looking for $QCOM to push downward to $73 for the first support range.  If it breaks that range, then I will be looking to see if it test $68.

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