Watch List 8/5/2016: $IONS $W $WYNN

$IONS – The stock is up from $20 to over $40 in just 2-months, but down from $77 since 2015. Would look to short on a push to the top trendline, but a lot depends on the economic data being released this morning.

IONS

$W – Making a huge run up pre-earnings from $40 to $49 in just a week. Found some sellers @ $49 and broke below channel support. Will see if it can re-claim, but either way I’ll be looking for a push to $49 for a re-short. Earnings are August 9th.

 

W

$WYNN – Huge drop on good earnings means I’ll be buying dips on this name. Looking for Wynn to break out of the 5-day symmetrical triangle it has been forming. Look for a break over $99 this morning and buy any pullbacks.

WYNN