Stock Region Weekly Wednesday Watchlist Newsletter - September 11th, 2024
The stocks featured in this report were previously delivered in our trading room in real-time. To access Stock Region’s real-time trade ideas, then be sure to purchase a membership now.
Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
Welcome to this week's edition of Stock Region's watchlist, where we bring you insights into some of the most dynamic stocks in the market. This week, we're focusing on three intriguing picks: Trump Media & Technology Group ($DJT), GameStop ($GME), and Dave & Buster's ($PLAY). Let's dive in and see what's driving these stocks, along with the key levels to keep an eye on for potential trading opportunities.
1. Trump Media & Technology Group ($DJT):
The stock of Trump Media & Technology Group has been making headlines with its volatility, closely tied to recent political events and debates featuring Donald Trump. While the stock has experienced some downturns, there have been notable recoveries that make it an attractive candidate for investors seeking swing trading opportunities. For the short term, monitor the upside potential if the stock climbs above $16.66, and be cautious of a downside risk if it drops below $15.60.
2. GameStop ($GME):
GameStop has surprised the market with a recent profit, but this hasn't translated into stability for its stock. The mixed results from its latest earnings report, coupled with a new share offering, have contributed to its fluctuating price. This volatility might appeal to traders interested in short-term market movements. Keep an eye on the stock as it moves above the $21.30 mark for potential gains, or below $20.50, where it could face further pressure.
3. Dave & Buster's ($PLAY):
Dave & Buster's has recently reported earnings that exceeded expectations, sparking a positive response in its stock price. Despite this, the company has experienced a downward trend earlier in the year, suggesting it might be poised for a rebound. Investors should watch for an upside breakout above $34.00, signaling potential growth, while also being wary of a dip below $33.35, which could indicate a continuation of the downtrend.
Disclaimer: Stock Region does not guarantee the accuracy, completeness, or timeliness of the information in this newsletter. All investments carry risks, including the loss of principal. Please invest wisely.
We are working endlessly to provide free insights on the stock market every day, and greatly appreciate those who are paid members supporting the development of the Stock Region mobile application. Stock Region offers daily stock and option signals, watchlists, earnings reports, technical and fundamental analysis reports, virtual meetings, learning opportunities, analyst upgrades and downgrades, catalyst reports, in-person events, and access to our private network of investors for paid members as an addition to being an early investor in Stock Region. We recommend all readers to urgently activate their membership before reaching full member capacity (500) to be eligible for the upcoming revenue distribution program. Memberships now available at https://stockregion.net