[Platinum Watchlist] (7.13.23) 3 Stocks

Good morning. 

Futures are up this morning as we await the latest PPI numbers. 

AIG still has a 1/2 position remaining in the paper trade portfolio as some of the position was taken off the table yesterday. See the post above. Price action continues to move higher bouncing between the support level at the 9-day SMA and the upper Bollinger Band. There will be some selling pressure at 59.93. Support is now slightly above cost basis. This position is currently providing the paper trade portfolio with a $0.76 / share unrealized gain as of the close. 

MHK gapped up yesterday with price action above the upper Bolinger Band for the third straight day. Price is above all the critical SMAs, and the oscillators are in the green. Sell pressure may be found around 116.27. This position is currently providing the paper trade portfolio with a $6.67 / share unrealized gain as of the close. 

NSC closed slightly below cost basis but still along the upper Bollinger Band. Support is found at the 9-day SMA with resistance at 236.51. 

As always, protect your gains with stop limits or trailing stops and manage risk to avoid downside loss. For those with higher levels of risk tolerance, check out the Horizons and < 200 stock lists. Make sure you follow your trading plan to increase the probability of success and reduce potential losses. 

This information is for educational purposes and not a recommendation to buy or sell a stock.