InTheMoneyStocks Market Analysis

This is a discussion on InTheMoneyStocks Market Analysis within the Daily Analysis forums, part of the Commercial category; Today, leading global diversified technology and multi industrial company, Johnson Controls International plc (NYSE:JCI), is declining lower by nearly 6.0 ...

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Old Nov 9, 2017, 9:07pm   #1017
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Johnson Controls International plc (NYSE:JCI) Plunges After Earnings, Know This Trade

InTheMoneyStocks started this thread Today, leading global diversified technology and multi industrial company, Johnson Controls International plc (NYSE:JCI), is declining lower by nearly 6.0 percent. The fall in JCI stock comes after the company reported earnings and guided FY18 below consensus. These days if a company's guidance is poor the stock will usually suffer.

JCI stock is now trading below its important 200 and 50-day moving averages. This puts the stock in a weak technical chart position. Often when a stock sells off with this pattern and volume it will signal further downside is in the cards before a bottom can be found. Traders should now watch the $34.50 area as the next major support level. This institutional support area is where the stock broke out in April 2016. Generally, when stocks test past breakout levels they will initially be supported by the institutional crowd.



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Old Nov 10, 2017, 5:32pm   #1018
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Norwegian Cruise Line Sinks After Weak Guidance

InTheMoneyStocks started this thread Today, leading cruise line operator, Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH), is falling after reporting earnings. NCLH stock is trading lower by nearly 3.0 percent on the back of weaker guidance. Other leading cruise line stocks such as Royal Caribbean Cruises Ltd. (NYSE:RCL) and Carnival Corporation (NYSE:CCL) are also declining in sympathy to Norwegian Cruise Line Holdings shares. Traders must now notice the bearish consolidation pattern on NCLH stock chart. This pattern signals a decline down to the $48.50 area. This level should be solid support for a bounce in the stock when it tests that level.

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Old Nov 14, 2017, 6:14pm   #1019
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Delta Air Lines, Inc. (NYSE:DAL) Flying Under The Radar

InTheMoneyStocks started this thread Leading airline stock, Delta Air Lines, Inc. (NYSE: DAL), has been pulling back since mid-October. At that time, DAL stock traded as high as $54.00 a share. Today, DAL stock is trading around $49.00 a share. The stock is now trading below the important 50 and 200-day moving averages. This tells me that the stock is in a weak technical chart position. Traders must now look lower for major chart support.

One lower level that catches my eye is the $45.50 area. This level is where the stock was defended in early September and will most likely be defended again when retested. Traders can look to buy DAL stock around the $45.50 level. It will also be important to place a stop loss under the $44.00 level on a weekly chart close. This trade setup should present a solid risk/reward opportunity with upside around the $56.00 area.

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Old Nov 14, 2017, 9:21pm   #1020
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Does This Stock Chart Predict Trouble For $WMT Earnings, See It Here...

InTheMoneyStocks started this thread Shares of Wal-Mart Stores Inc (NYSE:WMT) have been on a rampage of late. Since early October, the retailer has seen their stock price jump from the $77 range to a 52 week high of $91.98 on Monday, November 14th, 2017. This surge comes with almost all other retailers collapsing lower. Many retailers like Macy's and J C Penny are down more than 50% in recent months. So is this stock price surge for real? The stock chart says 'NO'. While Wal-Mart Stores Inc tagged a new 52 week high on Monday, it reversed from those highs and closed at the lows. This formed a classic extreme bearish topping tail. Topping tails are clear top signals and signal downside. This signal coupled with many other overbought indicators and a tough retail environment tell me this will likely trade lower on earnings. Earnings are set to be reported on Thursday morning. Expectations are for $0.99 per share on $121 billion in sales.


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Old Nov 15, 2017, 6:53pm   #1021
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Know This Trade Level For This Leading Regional Bank Stock

InTheMoneyStocks started this thread Since the start of November, leading regional bank stock, U.S. Bancorp (NYSE:USB), has been pulling back on the charts. On November 2, 2017, USB stock traded as high as $55.08 a share, today the stock is trading at $52.02 a share. The one negative for the stock is that it is trading below its 50 and 200-day moving averages. This chart formation tells us that the stock is vulnerable to lower prices in the coming weeks.

Traders must now watch the $49.00 area as the next major chart support level. This level was defended in September 2017 by the institutional money and it should be defended again when it is retested. It is always important for traders to know where they are wrong, so I would place a stop-loss below the $47.00 level using a weekly chart close. The upside targets for USB stock would be $55.00 as a first target and ultimately $60.00 a share as the final target.

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Old Nov 16, 2017, 5:55pm   #1022
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This Is Not The Best Buy Yet

InTheMoneyStocks started this thread Today, leading retailer of technology products, Best Buy Co., Inc. (NYSE:BBY), is declining sharply lower after reporting earnings. The stock is trading down by nearly 6.0 percent to $53.98 a share. Traders should note that BBY shares are now testing the daily 200-day moving average. A daily chart close below that key moving average should signal more downside for the electronics retailer.

The next major chart support level for BBY stock will be around the $49.00 area. This a scene of the crime support level that will often be defended when retested. Traders should keep an eye on this level as it should give us a solid trading opportunity.


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Old Nov 17, 2017, 7:21pm   #1023
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Cummins Inc (NYSE:CMI) Tanks After Tesla Semi Debut

InTheMoneyStocks started this thread Today, most of the leading truck engine manufacturers are coming under heavy selling pressure after electric vehicle maker, Tesla Inc (NASDAQ:TSLA), announced that they are now making electric trucks. Truck engine stocks such as Cummins Inc (NYSE:CMI), Paccar Inc (NASDAQ:PCAR) and Navistar International Corp (NYSE:NAV) are plunging lower on the news.

Cummins Inc (NYSE:CMI) is trading lower by $6.82 to $160.32 a share. Traders should note that CMI stock is now testing its daily chart 200-day moving average. At this time, this important moving average is holding up as support, but a close below this critical moving average would be negative for the stock. The next major support level for CMI stock would be around the $150.00 area. This is where CMI was defended in August 2017 and should serve as a major support when initially retested. Keep this level on the radar for CMI stock as a major bounce level.

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Old Nov 20, 2017, 7:01pm   #1024
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This Biotech Stock Struggles To Hold Key Level

InTheMoneyStocks started this thread This morning, many of the leading biotechnology stocks are trading lower to start the day. The highly followed and traded iShares Nasdaq Biotechnology ETF (NASDAQ:IBB) is trading lower by $2.70 to $308.51 a share. One of the most important components of the IBB is Amgen Inc (NASDAQ:AMGN).

This leading biotechnology stock has been pulling back since September 14th when it traded as high as $191.09 a share. Today, the biotech giant is trading at $168.46 a share. The stock is currently holding its 50-week moving average, but a weekly chart close below $167.00 level should trigger further declines. The $160.00 level is going to be the next major support area in the stock. This level is where the stock was defended in June 2017 and should be solid support when retested.


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