[Platinum Watchlist] (7.18.23) 3 Stocks

Good morning. 

Futures markets are slightly down this morning. 

NSC closed down yesterday above the cost basis which is providing a certian level of support followed by the 9-day SMA. Price action is generally in an upward trend following the upper Bollinger Band. There will be some selling pressure at 235.97. This is a level where a trader may want to place a sell limit and book some gains. This trade is still in the green as long as your sell limit is placed above cost basis. This position is currently providing the paper trade portfolio with a $1.16 / share unrealized gain as of yesterday’s close. 

TWST closed up yesterday along the upper Bolinger Band. The cost basis at 23.30 has provided a level of support for the past 3 days followed by the 200-day SMA. There will be some selling pressure at 25.04, a level where a trader may want to take some gains. All the oscillators are in the green and the up trending 9-day SMA is about to cross over the 200. Protect your gains with stop limits above the cost basis. This position is currently providing the paper trade portfolio with a $0.87 / share unrealized gain as of yesterday’s close. 

PKG closed up yesterday with a support level of 133.50 and resistance at 135.75. Price action has been trending along the upper Bollinger Band for the past few days. The oscillators are in the green. As stated yesterday, this is a lower volume stock, so keep that in mind as you consider PKG. This position is currently providing the paper trade portfolio with a $0.78 / share unrealized gain as of yesterday’s close. 

The focus today will be on managing the current positions in the paper trade portfolio. It’s preferable to limit a swing trade portfolio to a manageable number of positions and do well, then to overload the portfolio and potentially make mistakes. Have a great day! 

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