[Platinum Watchlist] (3.21.23) 6 STOCKS we are watching!

Good morning.  

GLD Closed up but failed for the second day to move past the resistance level of 184.61. With such a steep move up over the past several days, I’d be placing some stop limits to protect gains.  

SLV closed up above the 50-day SMA which will now become support. The next level of resistance will be 20.98, still with a cost basis of 20, I’d set a stop limit above this level to protect the gains.  

XLU closed up just above the cost basis after finding support at the 20. Stop losses should be set around the 9 to reduce potential loses in case the trade goes against us. The next level of resistance will be the 50. Also note the RSI is rolling over.  

LLY closed above the 50-day with the next level of resistance at the 50 where you may want to take some profits depending on your risk tolerance level. Support will be at 375.29.   

CPB closed up and could not make it past the resistance level of 54.60 which would be a potential area for a sell limit. Price is above the cost basis, so if you want to preserve a gain, set a stop limit above this level. The RSI and SS are now in the red.  

ABBV closed up above the resistance level of 154.38 (now support) and the cost basis of 154.55. Protect your gains with a trailing stop limit in the event price action goes against you.   

This information is for educational purposes and is not a recommendation to buy or sell a security. Used for paper trading only.