Home » Watchlist Week of October 31st, 2022

Watchlist Week of October 31st, 2022

HealthEquity, Inc. (Long Idea)

The health care sector has been strong all year, and HealthEquity, Inc. (HQY) is one stock I’ve been watching in particular.

Daily Chart of HealthEquity, Inc. (HQY) – Source: TradingView

In the midst of a nasty bear market, HQY has managed to nearly double since the start of the year.

The stock has formed a base over the last several months, with a series of shallowing pullbacks from left to right.

The 200-day moving average has just started to turn up, signaling the start of a new Stage 2 uptrend.

Clean Harbors, Inc. (Long Idea)

Clean Harbors, Inc. (CLH) is a pollution control company. It collects, transports, treats and disposes of hazardous and non-hazardous waste.

Daily Chart of Clean Harbors, Inc. (CLH) – Source: TradingView

After a powerful move higher in late July, shares have consolidated in a tightening pattern, with a pivot near the $120 mark.

Shares began breaking out higher on Friday and are now within pennies of making a new all-time high.

The company is scheduled to report earnings on Wednesday, so be mindful of that.

YPF Sociedad Anónima (Long Idea)

YPF Sociedad Anónima (YPF) is an Argentine energy company engaged in upstream and downstream operations for crude and natural gas.

Daily Chart of YPF Sociedad Anónima (YPF) – Source: TradingView

The stock launched off the lows in July, advancing more than 150% in just eight weeks.

It then consolidated, made a series of shallowing retracements and is now trying to break out for another leg higher.

The volume footprint looks great, moving averages are all trending higher and pullbacks are minimal. 

If the oil market holds up, I would expect to see another strong move up for YPF.

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Ross Givens

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