InTheMoneyStocks Market Analysis

This is a discussion on InTheMoneyStocks Market Analysis within the Daily Analysis forums, part of the Commercial category; Clovis Oncology Inc (NASDAQ:CLVS) is leading biotechnology company that is focused on developing and commercializing anti-cancer agents globally. This stock ...

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Old Dec 5, 2017, 6:42pm   #1033
Joined Jan 2009
Clovis Oncology Inc (NASDAQ:CLVS) Sinking But Getting Attractive

InTheMoneyStocks started this thread Clovis Oncology Inc (NASDAQ:CLVS) is leading biotechnology company that is focused on developing and commercializing anti-cancer agents globally. This stock has been under pressure since peaking on July 1, 2017. At that time, CLVS stock traded as high as $99.45 a share. Today, the stock is trading around $59.00 a share. This is about a 40.0 percent decline in the stock in the past six months.

The stock is now trading down towards its 200-week moving average. This important moving average is around the $55.00 level. This area should serve as major chart support when it is tested. This is a very attractive area for a bounce in the stock. Now please understand, all biotechnology stocks do have a lot of risk in them. So the way that I will trade the stock will probably be with a call option. By using options I will simply be risking the premium paid for the call option, therefore knowing my maximum loss if I'm wrong on the trade. The positive upside of using a call options is that the potential percentage gain will be much greater than if I actually bought the stock outright.


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Old Dec 6, 2017, 6:16pm   #1034
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This BUD (NYSE:BUD) Is For You

InTheMoneyStocks started this thread Anheuser Busch Inbev NV (NYSE:BUD) is a leader in the beer brewing industry. Recently, the stock has been coming under selling pressure. BUD stock has been declining since topping out on October 10, 2017 at $126.50 a share. Today, the brewing giant is trading lower by 0.24 cents to $112.73 a share.

Traders should note that BUD stock is now trading below its important 50-day moving average. This chart formation puts the stock in a weak technical position. The next major support level for BUD stock should be around the $109.00 area. This is a very important retrace level and a place where the stock was defended in July 2017. Often, these chart factors will provide a very solid chart level for a bounce and long trade in the stock.


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Old Dec 7, 2017, 6:53pm   #1035
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Ciena Corp (NYSE:CIEN) Tanks After Earnings, Watch This Level

InTheMoneyStocks started this thread Today, leading computer networking company, Ciena Corp (NYSE:CIEN), is tanking after reporting earnings. The stock is falling lower by nearly 5.0 percent to $20.24 a share. CIEN stock is now trading below its 50-day moving average, this puts the stock in a weak technical position. The monthly chart is now signaling further downside for the stock. Traders must now look at the $16.75 area as the next major chart support level. Very often, when a stock declines so sharply in a single trading day it will take time before it will be defended by the institutional money crowd. I will be keeping this stock on my watch list until the equity drops into this important support level.

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Old Dec 11, 2017, 3:56pm   #1036
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Shares Of Endo International $ENDP May Have 50% Upside, Note This Chart...

InTheMoneyStocks started this thread In recent weeks, pharma plays like Valeant Pharmaceuticals Intl (VRX) and Teva Pharmaceutical Industries (TEVA) have surged. Valeant is up almost 100% since October and Teva is up almost 50%. In other words, pharma has become a hot sector as Trump's corporate tax cuts near finalization. One pharma stock that is lagging but has a gorgeous bull flag is Endo International (NASDAQ:ENDP). I have placed this one on my watch list. Should the bull flag start to breakout with price pushing over $7.75, it becomes a strong buy with major upside potential. The upside potential target is $10.65. This would be a catch-up trade to the other pharma plays like Valeant and Teva.


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Old Dec 11, 2017, 6:29pm   #1037
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Gold Mining Stocks Keep Falling, Know This Trade Level

InTheMoneyStocks started this thread Many of the leading gold mining stocks have been declining since September 2017. The highly followed VanEck Vectors Gold Miners ETF (NYSEArca:GDX) peaked out on September 7, 2017 at $25.58 a share. Since that high pivot, the GDX has traded down to the $21.50 level and will likely fall lower in the near term. Leading gold mining stocks such as Newmont Mining Corp (NYSE:NEM), Royal Gold Inc (RGLD:NASDAQ) and Randgold Resources Ltd (GOLD:NASDAQ) are now trading below their important 50-day moving averages. This is signaling near-term weakness for the industry group.

Randgold Resources Ltd (GOLD:NASDAQ) is one gold mining stock that has caught my eye. This stock should have solid chart support around the $86.00 level. This area is where the stock was defended in July 2017 and will likely serve as support when initially tested. Randgold Resources Ltd (GOLD:NASDAQ) could be setting up nicely for a long side trade this level.


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Old Dec 12, 2017, 6:14pm   #1038
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Edison International (NYSE:EIX) Sells Off As Wildfires Spread

InTheMoneyStocks started this thread Edison International (NYSE:EIX) is a leading public utility with a major presence in Southern California. The stock has been declining sharply since the wild fires began in the Los Angeles area last week. On December 1st, 2017, EIX stock was trading as high as $81.96 a share. Traders should note that the stock is now trading around $68.00 a share as the wildfires in Southern California continue to spread. The stock is now trading below its important 50 and 200-day moving averages. This chart pattern indicates weakness in the equity and potentially further downside.

The next major support area for EIX will be around the $62.00 level. This is where the stock should be defended by the institutional money. In February 2016, EIX stock broke out from this area. Very often, when falling stocks retest there prior break-out levels they will be supported and defended. This is a trade area where I will look to get involved in the stock on the long side. I will be trading the stock by buying the equity or by buying call options in the name.


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Old Dec 12, 2017, 8:55pm   #1039
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$JUNO Hits Support For Technical Bounce Trade Here...

InTheMoneyStocks started this thread Shares of Juno Therapeutics Inc (NASDAQ:JUNO) have fallen sharply over the last two trading days. On a technical basis, the biotech hit major support when it broke through $46.00. This is a bounce level for investors looking for a quick couple day bounce. Look for a snap back to $50 in the coming days.


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Old Dec 13, 2017, 6:30pm   #1040
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Don't Hit The TAP On Molson Coors Brewing Just Yet

InTheMoneyStocks started this thread Today, leading brewery stock Molson Coors Brewing Co (TAP:NYSE) is trading lower by 0.64 to $79.51 a share. This stock has been steadily declining since October 2016 when the stock traded as high as $112.19 a share. TAP stock is now trading below its important 50 and 200-day moving averages, this indicates technical weakness. Traders should also note that there is bearish weekly chart pattern forming in the stock. This suggests that the stock could still have one more decline in the cards. Traders should now watch $72.50 area for major chart support. This level was where the stock broke out in September 2015. Often, prior break-out levels will serve as major support when retested. This looks to be a solid trade area for TAP stock.

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