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There are several S&P 500 stocks reporting earnings on Thursday, February 19. I organized them in my matrix from lowest to highest momentum readings using RSI Power Zones. That quick scan helped narrow the list to the names sitting near actionable areas.
From there, I moved into the daily charts and evaluated price action, market timing, and momentum. I’m looking for defined entries near support, logical stop placement, and upside reference points ahead of earnings.
Here are the ones that stood out.
🔍 Highlights
1️⃣ LKQ — LKQ Corporation
LKQ has been consolidating and trending lower since the January 26 area, most recently pulling back from the February 12 high. What makes this interesting is that price has worked its way back into the Bull Support Power Zone and is now testing the February 2 low. It’s essentially just holding in that area.
That creates a defined-risk opportunity. A long entry could use a stop just below the February 2 low. For additional cushion, a stop below the January 7 low is another reference.
If price clears the February 13 high, that opens the path toward the $40 area. With earnings approaching, that level becomes an important upside reference.
2️⃣ POOL — Pool Corporation
POOL has been recovering since the January 2 low. The advance hasn’t been in a straight line, but it has maintained its recovery pattern. Similar to LKQ, price is holding over a recent low and testing that level.
There is already a higher high in place, which gives an initial upside reference. A long entry near current levels could use a stop below the most recent low, or further back if more room is preferred.
If price pushes above the February 13 high, the next upside area to monitor is the October 21 high near $305. The chart provides clear reference points on both sides of the trade.
3️⃣ NEM — Newmont Corporation
NEM has already completed its most recent consolidation and is starting to move higher. This chart resembles many gold-related names attempting recovery after a selloff, and it is showing relative strength.
Price returned to the Bull Support Power Zone on February 4 and advanced from there. A logical stop reference would sit below the February 5 low. The January 30 high serves as the first upside area to monitor.
Using forecasting techniques, projections point toward 161.59 by April 1. That projection reflects a steady move and provides context for how this advance could develop if momentum continues.
4️⃣ WMT — Walmart
WMT has been in an uptrend and recently visited the Bull Resistance Power Zone. Even after that visit, the broader trend remains intact.
Support from the February 10 low is holding. For shorter-term traders, there is room for a move from the 128 area toward approximately 137 if price continues higher.
A stop could sit below the February 10 low, or further back below the February 3 low for additional cushion. The setup is tighter than the others, but the levels are clearly defined.
These setups are developing with earnings just 24 hours away. When price is already sitting near defined support and momentum is aligned, the earnings report can simply act as the catalyst that fuels the move.
Along the way, remember how to think about replacing your stop if you’re planning a long entry. Define the level first. Then allow price to prove itself above recent highs before pressing further.
If you found value in either the picks themselves or the education behind them, make sure to hit the Like button over on YouTube.
~ Hima
🚨 PS — Watch the Replay: Last Night’s Weekly Trading Show
We had our 6th ever broadcast of Ticker Request Live yesterday! There were lots of tickers reviewed along with trading lessons imparted!
📺Catch the Feb 17th replay here on Youtube (will come down without notice):
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