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[Platinum Watchlist] (4.17.23) 5 stocks keeping an eye on!
[Platinum Watchlist] (4.17.23) 5 stocks keeping an eye on!
August 21, 2023
BRKB continued its price action up-trend closing up at 319.74. The portfolio still maintains a 1/4 position (25 shares) with a cost basis of 304.25. This represents a gain of15.49 / share or $387.25. Total realized and unrealized gains for this position are $1,203.00 as of the close on Friday. All the oscillators are in the green and the SMAs are all still trending up.

AWK closed down to 149.70 below the cost basis of 150.21. This gives the portfolio a slight loss of $0.51 / share or $51.00. Price action has been sideways for the past 7 days and there is a rolling over of the MACD and the RSI, even though still in the green. The Stochastic has a negative crossover of the signal line. Resistance will be the 9-day SMA with support at the 200-day SMA.

AFL closed down $0.09 (below the cost basis of 66.30) on Friday and just below the 50-day SMA where price action has found some sell orders. Support will be at the 9-day SMA.

A closed down 1.47% after wicking off resistance at the 50-day SMA and finding support just above the 200-day SMA. Cost basis is at 138.52 giving the portfolio a paper trade gain of $0.68 / share or $68.00 on a 100-share lot. With converging SMAs, this price action is due to break out one way or the other so utilize stop limits to preserve a gain or reduce the potential loss based on your risk tolerance.
APA just had a full candle close above the 200-day SMA on Friday which should provide a level of support. Resistance will be found around the 42.03 level where I expect to find some sell orders. All the oscillators are in the green.

Depending on market conditions and price momentum, we will be watching the Watchlist for additional stocks that meet the requirements of the trading guidelines today.
We are halfway through April and have accrued paper trade gains of $2,271.25 for the month. There are still $395.25 of unrealized paper trade gains with the current open positions. For the year, the portfolio has paper trade gains of $11,350.75.
This information is provided for educational purposes and is not a recommendation to buy or sell a stock.
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