20 May Stock Swing Trade Ideas
13 Swing Trade Ideas for the week of May 13th by The Market Analysts Group
Commentary: Last Week ZS broke out with a 9% upside move after being on the list a few weeks in a row. Also GH broke to the upside 10% for the week on positive news, had been on the list 3 weeks in a row in a base. BLD also broke out off our list last weekend with a 12% weekly gain. — Dave
This weeks list is at the bottom of this update.
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Each weekend as part of our Weekly Forecast and Trade Ideas report, we update our subscribers on the market forecasts using our Elliott Wave analysis which is combined with a few additional indicators to keep us in check and on the right side of the markets. In addition, we have a list of some of our best ideas each week for free.
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Swing Trade Candidates: Weekly list of ideas
- Each week we provide 8-15 Swing Trade ideas to consider as part of our Swing Trade Alert service.
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Last week, despite all of the major markets posting negative returns, a handful of names from our list did quite well. COUP broke out nicely with a 6% move. Also, MDB was up almost 8%, as had been in a 9 week base. SE and PYPL were up between 2-4% or the week.
We have 13 names this week, 3 repeated from last week as some already broke out.
YCBD – CHART LINK
The only CBD Pure Play listed on a US Exchange. CBD Oil is derived from Hemp Plants and contains no THC, but is being used more and more by consumers and pets. Growth rates are exploding and this is in a 4 week base. (SRP has a position as of last week) Could pull back to 5.50 and then run to 8.50-8.80 in next few months. New product lines coming out shortly.
GH – CHART LINK
We have profiled this at 66, 71, and now its 75 but on a weekly basis, looks poised to run to highs still. Liquid Biopsy developer that could change the standard of care for Cancer Tissue testing. In a 13 week base, near 76 this could run to 100 plus ahead.
SE – CHART LINK
Broke out of 11 week base last week, it has been on our list for 3 weeks now. Still looks good for a run.
TW – CHART LINK
6 Week post IPO base consolidation now near highs again. Company builds and operates electronic marketplaces.
ZEN – CHART LINK
Ascending base pattern on the weekly, holding 13 wma and looks locked and loaded. Company provides software development products for organizations.
ACB – CHART LINK
10 week corrective base, breaking up late last week after a dip below 8 and then a reversal after earnings on strong volume. Company produces and distributes medical cannabis products. This sector has been consolidating for 8-10 weeks on average. Would like to see it hold last weeks low of 7.90 though.
TNDM – CHART LINK
12 week base, so may consolidate one more week and then move up. Weekly cup and handle .Medical device company for people with insulin-dependent diabetes.
VRSN – CHART LINK
4 week base near highs, showing relative strength despite market selloff. Company provides provides domain name registry services and Internet infrastructure.
GPRO – CHART LINK
2 week break to the upside, if this can clear 7.40 it could run. Looks like weekly inverse H&S forming on heavy volume. Company develops and sells cameras, drones, and mountable and wearable accessories.
ESPR – CHART LINK
Breaking up out of right side of base, and could see 55-60 shortly. Company focuses on developing and commercializing oral therapies for the treatment of patients with cardiovascular disease.
IIPR – CHART LINK
Breaking up out of right side of 9 week base. Company focuses on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities.
TWTR – CHART LINK
4 week overall consolidation after gap up, could be a week early, but this is a great setup. Social media platform company. Would like to see it hold $36 area.
SNAP – CHART LINK
10 week base looking great for setup. Company provides camera application that helps people to communicate through short videos and images. Needs to hold that $9.90 area