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We’re still in the middle of earnings season, and while many traders are waiting for big reports like Nvidia later this month, there are plenty of S&P 500 stocks reporting on Wednesday that can still fuel meaningful moves.
For today’s walkthrough, I pulled a list of names reporting earnings on Wednesday, February 18, and organized them in a TradeStation radar screen by where they currently sit within my RSI Power Zones. This gives me a quick read on which stocks are showing weaker momentum versus stronger momentum before I even open a chart.
From there, I move into the charts without pre-screening — just looking at price action, momentum, and where forecasting applies. I’m sticking to daily charts and only pausing when something actually looks tradeable near term. Most names don’t make that cut, and that’s normal.
Here are the three that stood out today:
🔍 Highlights
1️⃣ BKNG — Booking Holdings
BKNG has been under pressure and is starting to hint at possible stabilization. A move above the February 12 high would be the confirmation I’d want to see before treating this as a recovery candidate. This is a high-priced stock, so taking action could involve options rather than shares for traders who prefer defined risk. If price follows through higher, one area to watch as a recovery zone is back toward $5,000.
2️⃣ TAP — Molson Coors
TAP has been recovering since early November, and the January 29 low serves as a nearby support reference. If price pulls back into earnings while holding above that January 29 low, this could set up a pullback entry scenario. With the stock near $51, the next upside area to monitor sits around $60. Earnings may introduce volatility, so having these levels mapped in advance matters.
3️⃣ GRMN — Garmin
GRMN is showing constructive behavior. If price pulls back and remains above the February 5 low, that keeps the door open for a move toward $240. That level sits near the midpoint of the larger October gap down, which can act as a magnet during recovery moves. This is a short-term opportunity based on zone awareness and momentum alignment.
A lot of the other names on today’s list were either too beaten up to show near-term turn signals or were stretched on the upside. Stocks that are extended higher — like HST, NDSN, or EIX — only become interesting if momentum starts to cool and price compresses into more workable zones.
This is a good example of how the process actually looks in practice. You might scan a long list of earnings names and only find two or three that are actionable. That’s normal. There isn’t always something to trade every day, and most of the work is filtering.
If this walkthrough helped you think through earnings, momentum, or how I narrow a watchlist, make sure to hit the Like button over on YouTube.
~ Hima
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