5 Stocks to Watch As The Dow Continues To Hold Above 23,000


 
 
12:18 10/20/2017

Shares of performance footwear company Skechers U.S.A., Inc. SKX  soared more than 35% after earnings blew past estimates posting net sales of $1.095 billion. This set a new quarterly record for the Manhattan Beach, CA company surpassing their previous record in the first quarter earlier this year by $22 million, resulting in a new nine month record with sales exceeding $3 billion.



Iconic motorcycle maker Harley-Davidson, Inc. HOG  continues its uptrend today after beating analyst revenue estimates. Trading over its 50 day moving average is great but a $50 break would get some momentum going on this stock. Keep it on your watch list for the rest of the day.



Recent news of strengthening its intellectual property portfolio with the acquisition of patent family providing broad protection of the hyperactive padua variant of Factor IX (FIX-Padua) continues to fuel the momentum on shares of uniQure N.V. QURE . Keep an eye out for a $20 break as this could entice more bulls to this stock.



Recon Technology, Ltd. RCON  is back on our watch list after a three day consolidation. A $2 break would confirm the second leg up for this stock as volume continues to build through the day. The most recent press release from the company announced the signing of a strategic cooperation agreement for sewage treatment with Beijing Origin Water Purification Engineering Technology Co., Ltd ("BOW Engineering").



Shares of Social Reality, Inc. SRAX  are on a rebound today after a two day consolidation period. The golden cross formation could send this stock well above its intraday high of $4.44 as more bulls join the momentum for a possible $5 break. Keep this stock on your watch list for the rest of the day. Recent news from the company outlined its intent to pursue strategic alternatives for SRAXmd healthcare business.


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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