5 Monster Stocks To Watch For The August 27 Trading Session

August 27 – Stock mentions SPY, SLV, ACAD, JNJ, ATVIWealth Strength IndexAAPL is Extremely Up and trending Up, JDWealth Strength IndexAAPL is Extremely Up and trending Up

Michael Kramer and the clients of Mott Capital own ACAD

US Markets

  • S&P 500 Futures  +3.5%
  • US 10-Year 1.51%
  • VIX 19.30
  • Dollar Index 97.91
  • Oil $54.39

International Markets

  • Shanghai +1.39%
  • HSI -0.06%
  • Nikkei +0.96%
  • KOSPI +0.43%
  • DAX +0.44%
  • UK FTSE -0.12%

August 27 Trading Session

S&P 500 (SPY)

Stocks are rising again on August 27 slightly. The S&P 500 will continue to try to recover some of its losses from Friday’s steep sell-off. For now, 2,900 is the next level of resistance followed by 2935.

spy

spy

Johnson and Johnson (JNJ)

Johnson and Johnson is rising this morning after an Oklahoma court ruled against the company in the opioid case resulting in a $572 million verdict in damages to be paid by JNJ. JPMorgan noted that the verdict was much better than feared. $131 is resistance with the next level around $136.

jnj

jnj

Acadia (ACAD)

Acadia may be on the rise today after Cantor raised the ACAD price target to $40 from $30. The analyst noted higher conviction on the ACAD’s upcoming data readout for the negative symptoms of Schizophrenia. There are currently no approved drugs for this indication. $27.20 has acted as support, while $31.40 is the next significant level of resistance.

acadia, acad

acadia, acad

Activision Bizzard (ATVIWealth Strength IndexAAPL is Extremely Up and trending Up)

Activision Blizzard is nearing a break out which could send the shares back towards $55.

atvi, activision

atvi, activision

Silver (SLV)

Silver is rising again, and the SLV ETF is continuing to move closer to my $17.25 target.

JDWealth Strength IndexAAPL is Extremely Up and trending Up (JDWealth Strength IndexAAPL is Extremely Up and trending Up)

JDWealth Strength IndexAAPL is Extremely Up and trending Up.com is hovering around resistance at $29.90, with a rise above this level sending the stock back towards $31.

-Mike

This article appeared first on Mott Capital Management.

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