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7 Stocks To Watch: Could Amazon Head Toward $2,060?

By Michael KramerStock MarketsJul 15, 2019 12:58AM ET
www.investing.com/analysis/7-stocks-to-watch-for-the-july-15-trading-session-200439580
7 Stocks To Watch: Could Amazon Head Toward $2,060?
By Michael Kramer   |  Jul 15, 2019 12:58AM ET
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7 Stocks To Watch For The July 15 Trading Session

Cisco (CSCO)

Cisco (NASDAQ:CSCO) has finally broken out rising above resistance at $57.20. I think this will clear a path for the stock to move on to around $61. The RSI is trending and support the bullish technical break out.

Cisco Daily Chart
Cisco Daily Chart

Shopify (SHOP)

Shopify (NYSE:SHOP) is another stock to keep an eye. SHOP has had an incredible run, but the RSI is rolling over, and its uptrend has been replaced with a downtrend. I think the stock falls towards $285.

Shopify Daily Chart
Shopify Daily Chart

Trade Desk (TTD)

The Trade Desk Inc (NASDAQ:TTD) is another stock that has been rising steadily in an uptrend. The RSI has been trending lower, despite the stock soaring, a bearish divergence. Additionally, volume levels have been falling as the stock is rising, a sign that buyers may be thinning out. A drop below $230 sends the stock back to $173.

The Trade Desk Daily Chart
The Trade Desk Daily Chart

PayPal (PYPL)

PayPal (NASDAQ:PYPL) appears to be forming a rising wedge pattern, which suggests the stock fall back to around $104.

Paypal Daily Chart
Paypal Daily Chart

Roku (ROKU)

Roku (NASDAQ:ROKU), I may have gotten wrong the last time, but the chart appears to be forming a topping pattern. Just look at the RSI which continues to trend lower, while the stock failed at the old uptrend, which is now resistance. Watch for a drop below $88.

Roku Daily Chart
Roku Daily Chart

AMD (AMD)

AMD stock appears that it may be on its way towards $36, should it topple resistance at $34.50 which I think it will.

Amd Daily Chart
Amd Daily Chart

Amazon (AMZN)

Finally, Amazon.com Inc (NASDAQ:AMZN) could be on its way to $2,060.

Amazon Daily Chart
Amazon Daily Chart

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7 Stocks To Watch: Could Amazon Head Toward $2,060?
 

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7 Stocks To Watch: Could Amazon Head Toward $2,060?

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jim boblooch
jim boblooch Jul 15, 2019 6:34AM ET
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