7 Stocks To Watch For the July 15 Trading Session

Cisco (CSCOWealth Strength IndexCSCO is Extremely Down and trending Down)

Cisco 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, csco

cisco, csco

Shopify (SHOP)

Shopify 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.

shop, shopify

shop, shopify

Trade Desk (TTM)

The Trade Desk 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.

ttd, the trade desk

ttd, the trade desk

PayPal (PYPLWealth Strength IndexPYPL is Moderately Flat and trending Down)

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

paypal, pypl

paypal, pypl

Roku (ROKU)

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, roku

roku, roku

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

amd

Amazon (AMZNWealth Strength IndexAMZN is Extremely Down and trending Down)

Finally, Amazon could be on its way to $2,060.

Amazon, amzn

Amazon, amzn

-Mike

This article first appeared on Mott Capital.

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