The Daily Stock Watchlist From 'Money Mitch': Box, Sprouts And More
Mitch Hoch discussed the stocks he will be watching Tuesday on Benzinga's YouTube show "Money Mitch."
Hoch likes the technical setup on Box Inc (NYSE: BOX). The stock broke out of its downward trend on Monday, he said, adding that he will be watching to see if it's able to hold the $21 level.
The "Money Mitch" host is also watching Dropbox Inc (NASDAQ: DBX) in the data storage space. He will be watching to see if the stock can make a move above the $25 level on Tuesday.
Hoch will also be watching the consumer defensive sector on Tuesday. Kroger Co (NYSE: KR) is starting to trend upwards, he said, adding that if it pulls back Tuesday, he will be looking for a bounce-back up to the $39 level.
Sprouts Farmers Market Inc (NASDAQ: SFM) is another stock in the consumer defensive sector with a chart that is starting to build on a technical basis, Hoch said.
Live Ventures Inc (NASDAQ: LIVE) is the only outperforming stock Hoch owns right now. He told traders to keep an eye on the stock moving forward.
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