Yesterday the market recovery slowed a bit but still moved higher, and this morning we are gapping up right back into all time high resistance. Last night we saw better than expected earnings from TWTR and SNAP and this has the market and many individual names giving sizeable gap ups. Today is a summer Friday and with that I am always a bit more selective, but there are some nice setups out there if the market doesn't pull back at all time high resistance. Here are a few names that I will be watching:
CRWD recently pulled back from all time highs and is now setting up for a 3/8/20 cross back up with a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up to $270 or higher
DKNG recently reclaimed a key anchored vwap level and is trying to take out its sma20 and sma50 now with some room above to the sma200. I like this on a soft open that goes red to green or if it gaps up a gap fill that finds buyers.
TTD is gapping up in sympathy to SNAP and TWTR and is taking out its sma20 in the process with a TTM Squeeze on the daily. I like this on a back test of the sma20 for a push up to $85 or higher
CROX had an earnings beat yesterday with a big gap up, a pull, and a move back up. Today is likely early, but I will anchored vwap to yesterday's daily candle and look for this to hold or reclaim that level for a long entry signal in the coming days
UPST I still like short on a failed reclaim of the sma20