Stock Trends
Psychedelics, utilities, and 5 stocks that are bottoming
Good morning,
Last week’s “small-cap growth ideas” edition of this report provided more than 30 potential long ideas, focusing on bullish long-term charts and small-cap stocks with more than 30% revenue growth over the past year.
But, like the Base Finder report that is more big-picture in nature, I plan to regularly review these stocks and call them out when I see bullish tactical setups.
We’ll start this week with a few of my favorites, but also look at:
Top psychedelic plays (the PSIL ETF was featured in Monday’s Playbook)
Two bullish utility setups (flushed sentiment also featured in the MMP)
Large-cap biotech
Stocks on bottom-watch
Hot List updates
and more!
Tactical buys from last week’s small-cap growth ideas
ARWR: Arrowhead Pharmaceuticals
ARWR hasn’t quite escaped this base and made new highs, but I still see it as above the two most important lines. There’s potentially $20 of upside from here based on the measured target.
ATEX: Anterix
I love a good base and being there before something breaks out, but you can’t beat a strong uptrend. ATEX is just that and hit another all-time high yesterday, already up 8% since last week’s report.
MRX: Marex Group PLC
I like this bull flag in MRX to break out higher. It hasn’t happened yet, but the range near $50 provides three levels of support: The long-term breakout point, a recent bullish reversal, and the rising 50-DMA.
ODC: Oil-Dri Corp. of America
