Home » Watchlist Week of September 5th, 2022

Watchlist Week of September 5th, 2022

Daqo New Energy Corp. (Long Idea)

Daqo New Energy Corp. (DQ) is a Chinese solar stock showing signs of big institutional buying.

Daily Chart of Daqo New Energy Corp. (DQ) – Source: TradingView

I’ve been pounding the desk telling people to keep an eye on solar for months now, and this is one of the top players in the space.

A strong move through the $72 area would make me consider taking a position in this stock.

Neurocrine Biosciences, Inc. (Long Idea)

Neurocrine Biosciences, Inc. (NBIX) emerged from a textbook breakout pattern last month, surging 13% in just three days.

Daily Chart of Neurocrine Biosciences, Inc. (NBIX) – Source: TradingView

However, market weakness seems to be holding back a larger move.

Shares have drifted sideways to form a handle for the last few weeks.

I’m watching for a move above $108 to consider taking a position in NBIX.

Array Technologies, Inc. (Long Idea)

Array Technologies, Inc. (ARRY) is also in the solar sector. But instead of making solar panels, this company manufactures ground-mounting systems used in large solar energy projects.

Daily Chart of Array Technologies, Inc. (ARRY) – Source: TradingView

ARRY stock has been an absolute monster the last couple months.

Shares surged more than 150% in 30 days before taking a breath and consolidating in the low $20 range.

If the stock breaks through $23 on above average volume, it could see another big leg higher.

Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

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