Good day everyone.
On 07/07/2022, our system had provided a few picks and the results are as below:
NTES (Sell) – Break-even
CLR (Sell) – Withdrawn
All three major stock indices closed higher on Thursday, with the Dow up 347 points, the S&P 500 booked a 1.5% gain and the Nasdaq ended 2.3% higher, with the latter two indices extending gains for the fourth session in a row.
Let’s review our stock picks on Wednesday.
Call for sell for NTES which resulted in a break-even. The price hit our EP and went down by $1.72 (2%). However, it did not reach our TP and traded sideways throughout the market. If you followed this stock, our system made a call to take a profit at $88.50. If you did not take profit, you would still be in the market.
NetEase, Inc. is a Chinese Internet technology company providing online services centered on content, community, communications, and commerce. Several other research firms have recently weighed in on NTES. HSBC decreased their price target on NetEase from $126.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, May 25th.
Call for sell for CLR which was withdrawn. Our system withdrew because the price open with a gap above our EP before trading upwards throughout the market.
Continental Resources, Inc. explores for, develops, produces, and manages crude oil, natural gas, and related products primarily in the north, south, and east regions of the United States. The company was downgraded by research analysts at Royal Bank of Canada to a “sector perform” rating in a research note issued on Wednesday according to reports.
Stay tuned for more of our stock picks.
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