On Monday we looked at HTZ (check out the article here) and noted that it was one of the most oversold tickers currently. It dipped a little further that day but then showed a unique pattern that it hasn’t shown in nearly a year. The last time we saw a doji candle followed by an up day, the stock nearly doubled. We also saw the Bullish MACD Crossover confirm. Definitely looking like a potential buy and a great candidate for a directional call. Aug 21 $2 calls are about $.28 now, This would fall into a higher risk higher reward category so make sure to consider that when choosing your position size. We will keep an eye on this one for sure.

Another ticker popped up on the radar when we were looking at Bullish MACD Crossovers. This one also rang a couple of “good opportunity” bells. Take a look at the chart,

NUE is breaking out of a downtrend as seen moving above the dashed Bollinger Band line, it has a MACD crossover at -2 and the RSI just moved above 50. The next target for NU would be around 50. Steel prices are climbing and favorable tariffs are finally starting to give NUE a boost out of the slump it has been in for a month. This is another great directional call candidate and we are going to add this to the list to keep you updated on.

Tomorrow we’ll dive into a brief explanation of each of these indicators so keep and eye on you inbox for the next article.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily