Divergence Watchlist 09/10/2017

After a shortened week due to the Labor Day holiday we are back with a full 5 days of trading.  The S&P 500 (SPX) finished the week flat -0.36%. The week ahead should bring in more volume and some volatility due to the major news events, most notably Hurricane Irma.  The one chart that is worth keeping an eye on, if not buying immediately, is Home Depot (HD). The stock has been climbing since Hurricane Harvey and has been making it’s way out of the channel and up to a double top with an opportunity to breakout.  There isn’t a divergence in it, but I’m bullish for sure. Also worth a look at Netflix (NFLX), Alibaba (BABA), and Advanced Micro Devices (AMD).

All of the below charts are bullish except for one, Snapchat, Inc (SNAP).  I did a more in depth chart review on SNAP and you can click through the chart to see it.  Please contact me on Twitter or StockTwits (@jbzstocks on both) if you have any questions or comments.

Sign up for the JBZ Stocks Divergence mailing list and get updates right to your inbox!

Divergence Watchlist 09/10/2017: NAVI, ALK, SNAP, VRX, WPG, CTB

NAVI Divergence Chart 091017
Navient (NAVI): Coiled stochastic divergence, on a lower trend line, at the breakout point of a falling wedge. Coiled stochastic divergence that moved above the 20. Potentially a very strong move up.
ALK Divergence Chart 091017
Alaska Air (ALK): Tight divergence, in position to break out of falling wedge.
SNAP Divergence Chart 091017
Snap, Inc (SNAP): Bearish stochastic divergence.
VRX Divergence Chart 091017
Valeant Pharmaceuticals (VRX): Continuing off last week’s momentum. Gained 2.18% and is at the breakout point of a falling wedge. There was also insider buying on 8/21/17. A Director purchased 10,000 shares at a cost of 14.33.
WPG Divergence Chart 091017
Washington Prime Group (WPG): Spent the last week consolidating at the bottom of a falling wedge. The divergence should follow through and cause a breakout.
CTB Divergence Chart 091017
Cooper Tire & Rubber (CTB): Continuing to follow this one as the consolidation continues to coil. Flirted with the stop limit, but it held and has a lot of upside.