May Monday Movers

$SPY markets are pretty dull for the first day of the month but there is a slightly bullish tone as we reclaim 207, and drift higher into the afternoon session.

Here’s a few names that may not be setup at perfect entry points right now, but they are leading higher out of the gate and are worth keeping an eye on if the bulls continue us higher this week.

x_5_2

$X ever since breaking out in March this name continues to see every dip bought. Big move today and right back to recent highs.

TBT_5_2

$TBT just something worth watching as it pulls back into the 8/20 EMAS and consolidates. Above 38 and then ultimately 38.50 gets interesting.

AMZN_5_2

$AMZN taking out the post earnings day RTH highs of 670 and pushing higher. All time highs are at 696, it probably wants a re-test.
 
IRBT_5_2

$IRBT explosive move just 3 trading sessions ago above $36 and it’s quickly showing signs that it wants to continue higher. This was a long-term breakout play recommended in our newsletter a few weeks ago. If you’re not on our list, sign up below.

Finally, the casinos are making some moves today, namely $WYNN $LVS $MGM.

Short and sweet, good luck out there.

 

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Evan Medeiros

Evan is the founder of the Trade Risk. With 20+ years of coding experience and a B.S. in computer science, Evan brings a systematic discipline to investing in the stock market.

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