🚀 Wall Street Radar: Stocks to Watch Next Week
💼 Volume 17: Small & Mid-Caps Take the Q4 Crown 👑
Our proprietary market health indicators maintain a bullish stance across all major indices, though prudent risk management suggests maintaining vigilance for potential market adjustments.
(please check our Market Monitor for additional information)
We’re excited to introduce two essential tools to enhance your market analysis: the T2108 and T2118 indicators. The T2108 tracks the percentage of stocks above their 40-day moving average, daily moves of ±4%, and quarterly moves of ±25%, offering a clear view of market health and trends. The T2118, used alongside the VIX, focuses on short-term overextensions, helping identify when to adjust exposure. For example, the current T2118 value is high but not overextended, suggesting you can cautiously add exposure. However, a pullback in 1-2 weeks is possible, so it’s wise to remain measured. Together, these tools provide a sharper edge for navigating market conditions.
From the next week, we will start to provide a short comment for both, to provide additional value to our subscribers.
Portfolio updates and new positions:
This week the only position we added was TSSI.
We reduced a little bit of DIS, LMND, and LLY.
🎢 High-Volatility Thrill Rides
AMPX: Amprius Technologies Inc
What they do: Next-generation battery technology developer.
Why watch? ⚡ Impressive post-earnings momentum despite being pre-profitable. Technical setup shows strong support confluence at 200 EMA, 10 EMA, and 20 EMA following a 120% surge. The key technical target at $2.68 represents a significant weekly and monthly resistance level. Volume consolidation pattern suggests healthy digestion of recent gains.
ZBIO: Zenas Biopharma Inc
What they do: Innovative biopharmaceutical company (Recent IPO).
Why watch? 🧬 Experiencing significant institutional and insider accumulation between $15-17 despite sector-wide pressure. The critical technical junction at the $12.00 level could determine the next directional move. Pattern development suggests a potential bear trap versus breakout scenario.
🏄♂️ Medium-Risk Wave Riders
MDGL: Madrigal Pharmaceuticals Inc
What they do: Pharmaceutical company focused on NASH treatments.
Why watch? 💊 Stellar 23% surge following Rezdiffra drug success. Technical formation showing bullish inverse head & shoulders pattern coupled with falling wedge consolidation on decreasing volume.
TLN: Talen Energy Corp
What they do: Energy sector leader.
Why watch? ⚡ Demonstrating exceptional strength in 2024's top-performing sector. Approaching critical breakout level at $221 (all-time highs).
AMTM: Amentum Holdings Inc
What they do: Space, robotics, and nuclear waste treatment solutions.
Why watch? 🚀 Recent IPO with upcoming catalyst (December 17 earnings). Key technical support at $23.50 could springboard the next upward movement.
DSP: Viant Technology Inc
What they do: Digital advertising technology platform.
Why watch? 📱 Recent Disney collaboration and strong earnings catalyst driving momentum. Healthy low-volume consolidation with 10 EMA convergence suggests optimal technical setup.
CVRX: CVRx Inc
What they do: Neuromodulation solutions for cardiovascular diseases.
Why watch? ❤️ Strong earnings momentum coupled with bullish cup & handle pattern formation. Technical support at 10 EMA with 20 EMA convergence. The key breakout level at $16 could trigger the next leg higher.
NTRA: Natera Inc
What they do: Genetic testing and diagnostics company.
Why watch? 🧬 Institutional favorite (Druckenmiller holding) showing 80%+ quarterly growth. Low-volume consolidation following a record-breaking quarter suggests healthy price digestion.
🛡️ Low-Risk Safe Harbors
ALB: Albemarle Corp
What they do: Global leader in lithium production.
Why watch? 🔋 Strategic symmetrical triangle formation with decreasing volume suggests an imminent move. Critical monthly support at $110 represents a potential launching pad for significant upside movement.
UTI: Universal Technical Institute Inc
What they do: Technical education provider.
Why watch? 📚 Overextended but maintaining momentum with high volume support. Recent earnings and revenue beats provide fundamental backing. Additional consolidation could improve risk/reward setup.
ESTC: Elastic N.V
What they do: AI-enabled search and data analytics platform.
Why watch? 🤖 Recent earnings beat and analyst upgrades highlight AI sector potential. Low-volume flag pattern developing with key breakout level at $112.
RAMP: LiveRamp Holdings Inc
What they do: Data connectivity platform.
Why watch? 📊 Comparable to APP with strong recent growth metrics. Completing major cup formation since August with technically constructive handle development on decreasing volume.
MCK: McKesson Corporation
What they do: Healthcare services and medical supplies distributor.
Why watch? 🏥 Record revenue performance with low-volume consolidation near $631 monthly resistance (all-time highs). The technical setup suggests imminent breakout potential.
"In investing, what is comfortable is rarely profitable."
Robert Arnott
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Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your research and consult with a licensed financial advisor before making investment decisions.