Stock Watch List for Tuesday, September 2nd (NOVL, TSO, LIZ)
This is a watch-only list at the moment. I still need to exit my current positions before moving on to something else.
Long picks (for a change):
(NOVL: 5.84 0.00%)
It had a nice big breakout above all MA’s on strong volume, looks good on both daily and weekly charts. Drawback – 3 up days in a row, must have a pullback. Maybe good on a pullback.
(TSO: 11.95 0.00%)
Refiners have been beaten to a pulp. VLO is the strongest of them all (I think) but this one’s cheap and just as volatile. So you get moves of the same size as VLO but for half price.
(LIZ: 4.74 0.00%)
Charts look healthy, and there’s some rotation into retail happening. Target $18-20.
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