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6 Stocks That Could Be Heading For More Upside

By Harry BoxerStock MarketsJun 09, 2020 12:36AM ET
www.investing.com/analysis/azul-mro-oxy-pyx-rig-unfi--stock-charts-to-watch-200527098
6 Stocks That Could Be Heading For More Upside
By Harry Boxer   |  Jun 09, 2020 12:36AM ET
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1. Azul S.A

Azul SA (NYSE:AZUL) really ran on Monday, popping 4.50, or 35%, to 17.30, just 1 cent off the session high at 17.31, and another 1.61 to 18.90 in after-hours on 15 million shares traded. That’s the biggest volume ever seen on this stock. I think it may get a short-term peak, and it’s at a gap fill. That might be a reason for it to back and fill, but if it does extend, the next target could be 23.

2. Marathon Oil Corporation

Marathon Oil Corporation (NYSE:MRO) is an oil stock I like a lot. On Monday it jumped 1.11, or 15%, to 8.43, just a nickel off the session high at 8.48, on 70 million shares traded. It exploded through the trading range with a big gap on Friday and another gap on Monday. It has now been up six days in a row, going from 5.25 to 8.50. My targets going forward are 9 1/4 and 11.

3. Occidental Petroleum Corporation

Occidental Petroleum Corporation (NYSE:OXY), one of our swing trades, exploded on Friday, had a beautiful follow-through on Monday, moved up 3.61, or 17%. To 24.40, with a session and all-tine high of 24.50, on 128 million shares traded. The next targets are 26 and 28.

4. Pyxus International

Pyxus International (NYSE:PYX), a marijuana stock, on Monday popped 1.49, or 41.4%, to 5.09, with a midday session high of 5.50, on 2.7 million shares traded. I’m looking for more upside. The next target is around 7 3/4.

5. Transocean

Transocean (NYSE:RIG) formed an inverse head and shoulders, then popped with a breakaway gap on Friday, and followed through on Monday with a move up of 1.25, or 50%, to 3.75, not far off the session high at 3.82, on 107 million shares traded. It gained another 20 cents to 3.95 in after-hours. RIG may need to back and fill a little bit, but momentum might carry it to 5-5 1/4, or more.

6. United Natural Foods

United Natural Foods. (NYSE:UNFI) on Monday popped 1.83, or 8.8%, to 22.61, just a dime off the 22.71 session high, on 1.9 million shares traded, and 19 cents to 22.80 in after-hours. I love the look of this stock. It has the potential to run to 28, and then 33-34.

Stocks on the long side

Acacia Research Corporation (ACTG), Apache Corporation (NYSE:APA), Azul S.A. (AZUL), Gol Linhas Aereas Inteligentes S.A. (GOL), Beyond Meat, Inc. (NASDAQ:BYND), Catasys, Inc. (NASDAQ:CATS), Carnival (NYSE:CUK) Corporation (CCL), Cerence Inc. (NASDAQ:CRNC), Cronos Group Inc. (NASDAQ:CRON), Delta Air Lines, Inc. (NYSE:DAL), Digital Ally, Inc. (NASDAQ:DGLY), Direxion Daily S&P (NYSE:SPY) Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), Halliburton Company (NYSE:HAL), U.S. Global Jets ETF (JETS), Kiniksa Pharmaceuticals, Ltd. (NASDAQ:KNSA), Maxar Technologies Inc. (NYSE:MAXR), Marathon Oil Corporation (MRO), Navidea (NYSE:NAVB) Biopharmaceuticals, Inc. (NAVB), Nabors Industries Ltd. (NYSE:NBR), Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH), NIO Inc. (NIO), Nikola Corporation (NKLA), Occidental Petroleum Corporation (OXY), Pyxus International, Inc. (PYX), Royal Caribbean Cruises Ltd. (NYSE:RCL), Transocean Ltd. (RIG), Tesla, Inc. (NASDAQ:TSLA), United Airlines Holdings, Inc. (NASDAQ:UAL). United Natural Foods, Inc. (UNFI), Village Farms International, Inc. (NASDAQ:VFF), and Zynex, Inc. (NASDAQ:ZYXI).

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6 Stocks That Could Be Heading For More Upside
 

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6 Stocks That Could Be Heading For More Upside

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Comments (2)
Jose Galimatea
Jose Galimatea Jun 11, 2020 4:24AM ET
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all the values ​​you have recommended have fallen 20% in 2 days, you really are great
Bachir Zeidan
Bachir Zeidan Jun 11, 2020 4:24AM ET
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PYX even went bankrupt and down tyo zero.
Roman Navarro
Roman Navarro Jun 10, 2020 1:35PM ET
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Hello Mr Boxer. lm following Marathon. When could it jump?
 
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