7/08/2021 Watchlist Charts
7/8 Thursday Watchlist
$AAPL – Still remaining bullish after an entire green week. JPMorgan analyst Samik Chatterjee reiterated his overweight rating on Apple’s stock yesterday and boosted his share price forecast from 165 to 170. His new estimate implies potential gains to investors of roughly 18% in the coming year. Above 145, AAPL can be set up to see 147, 149, 151. Great volume today. Earnings coming up on 7/26. Must hold above 143 as support. Look for strength and volume in pre-market hours.
$SNOW – Nice breakout today on a volume increase. Above 149, SNOW can be set up to see 256+. Must hold 242 as support for further continuation.
$PYPL – Decent day for PayPal. It’s been on a bullish run. Over 299, PYPL can see 302, 305, 309. Earnings just around the corner on 7/27. Must hold above 295 as support for further continuation.
$ORCL – Oracle is set new all time highs today, at 87.17 at the peak. Ex-dividend date on 7/13. Buyers are swarming in to reap the benefits of the dividend payout on 7/28. ORCL 85c 7/9 expiration call options have had over 30K in volume today. With momentum, volume, and a break above 87.17, we can see 89+.