Market Overview

4 Stocks That Have Been On Strong Up Trends In June

Share:
4 Stocks That Have Been On Strong Up Trends In June
Related TJX
Retail Picks: DA Davidson Bullish On PVH, TJX, Burlington, Canada Goose, Neutral On Lululemon
Benzinga's Top Upgrades, Downgrades For September 26, 2018
The latest from the Sears Death Watch (Seeking Alpha)

The following four stocks are currently in the midst of uptrends according to VantagePoint, an AI charting platform that uses intermarket analysis to predict future price action 1-3 days in advance.

A couple of things to know in order to understand the charts below:

  • Each chart is a 3-month chart. Candles represent one day of trading
  • The blue line is a predicted moving average that forecasts a stock's moving average either two or three days out, depending on the chart. The black line is a simple 10-day moving average
  • When the blue line crosses above the black, that's a bullish signal. When the black crosses over the blue, that's bearish 

For a more detailed look at VantagePoint's charts, click here.

TJX Companies

TJX Companies Inc (NYSE: TJX) had a predictive moving average crossover to the upside on May 11, and has since risen 14 percent. The Neural Index has largely supported this move, staying green for most of the last four weeks. However the index has recently shifted to red, and the stock has had back-to-back red days. Monday's trading appears to have led to a crossover of the two-day predicted moving average and the 10-day moving average, signaling that the stock could be weak for the coming days. 

capture_517.png

Accelerate Diagnostics

Accelerate Diagnostics Inc (NASDAQ: AXDX) follows a similar pattern to the upside. The market had a bullish crossover on June 11 and has since risen 12.4 percent. Despite Monday's overall market weakness, this trend appears strongly intact, as the three-day predicted average is still quite far away from the 10-day moving average and the neural index has stayed in the green. 

capture_518.png

Pacific Biosciences of California

Pacific Biosciences of California (NASDAQ: PACB) is another stock that's in the midst of an extremely strong uptrend, despite the 11 percent fall since Thursday. This stock was on such an uptrend that we'll need more downward pressure to convince us, so we'll wait to see if the stock has several more weak days, at which point the two moving averages may crossover. Until then, this one is in an uptrend. 

capture_519.png

West Pharmaceutical Services

West Pharmaceutical Services Inc. (NYSE: WST) is basically the same as the last one. The stock has clearly been in an uptrend, though the market's overall weakness may lead to some short-term selling. Still, the last crossover to the upside from May 11 is still holding until we see another one. WST is up 5 percent this month.  

capture_520.png

VantagePoint is a content partner of Benzinga. For a free trial, click here

Posted-In: Long Ideas Short Ideas Technicals Previews Markets Movers Trading Ideas General

 

Related Articles (PACB + AXDX)

View Comments and Join the Discussion!

Earnings Scheduled For June 26, 2018

Today In Cryptocurrency: Jack Ma Says Bitcoin Is A Bubble, More Institutions Trading Cryptos