InTheMoneyStocks Market Analysis

This is a discussion on InTheMoneyStocks Market Analysis within the Daily Analysis forums, part of the Commercial category; This morning, leading network security company, Palo Alto Networks (PANW), is trading sharply lower after reporting earnings. Earlier, the stock ...

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Old Jun 4, 2018, 4:45pm   #1276
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Palo Alto Networks $PANW Drops Sharply, Watch This Level1

InTheMoneyStocks started this thread This morning, leading network security company, Palo Alto Networks (PANW), is trading sharply lower after reporting earnings. Earlier, the stock staged a gap higher open before reversing to the downside with heavy volume. At this point, the stock is forming a strong outside day. This formation is also known as a bearish engulfing pattern on the charts. Traders and investors must expect further decline in the near term. The next important daily chart support level for PANW stock will be around the $192.00 area. This is where the stock broke out in early May to new all time highs. Very often, stock will retest their prior breakout area before being defended by the institutional money.

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Old Jun 4, 2018, 5:19pm   #1277
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Technical Top Signal: Advanced Micro Devices $AMD Short

InTheMoneyStocks started this thread Shares of Advanced Micro Devices (AMD) is signaling a strong short on the daily chart with a reversal and topping tail today. The stock is up over 50% since April 2018. This is extreme overbought territory but the topping tail is the key. Look for a drop in the stock back to $12.50 in the coming weeks.


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Old Jun 5, 2018, 5:18pm   #1278
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Berkshire Hathaway Inc $BRK.B Struggling Despite Apple Inc $AAPL Strength

InTheMoneyStocks started this thread Recently, everyone on Wall Street has been raving about Apple Inc (AAPL) possibly being the first $1 trillion dollar company in the stock market. Today, AAPL stock is trading higher by $1.24 to $193.07 a share. This is a new all time high stock price for the tech giant and many are expecting even more upside near term.

Several weeks ago, it was reported that Warren Buffet's company Berkshire Hathaway (BRK.B) added 75 million shares to his Apple Inc position. He now owns 239.57 million share of AAPL stock. The market went crazy on the back of this news, but since that time BRK.B stock has been slumping. In fact, BRK.B stock is now trading below its important 200 and 50-day moving averages. This chart formation puts the stock in a weak technical position. Traders and investors must now watch for major support on BRK.B around the $184.00 level. This price area is where the stock broke out in late November 2017. Traders should expect the stock to be defended again at this major support level when retested. Until this level is reached it is likely that BRK.B will struggle in the near term.


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Old Jun 5, 2018, 5:58pm   #1279
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First Solar $FSLR Target Buy Level Revealed

InTheMoneyStocks started this thread Shares of First Solar (FSLR) fell again on Tuesday after China continued to fight back against U.S. tariffs. Let's not kid ourselves, the trade war has begun and it will be tit for tat going forward, ultimately hurting U.S. jobs and the economy. Having said that, expect solar stocks to remain weak in the coming days/weeks. First Solar should continue lower in the next month to a target of $48.00. Once there, expect a hardcore technical bounce back to $57.00. This is the technical level the best stock chart swing traders are eyeing for a buy.


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Old Jun 6, 2018, 4:44pm   #1280
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Jack Daniels Whiskey Maker Slides After Earnings, Here Is The Trade Level

InTheMoneyStocks started this thread Brown Forman Corp (NYSE:BF.B) is a leading manufacturer and distributor of alcoholic beverages under the Jack Daniel's, Finlandia and other brands. Today, the stock is falling lower by 3.88 percent to $53.70 a share. Traders should note that the shares are now trading below its important 50-day moving average. This decline below this key moving average puts the stock in a weak technical position on the charts. There are still some major support levels below that should be watched closely. First, there is the $49.00 area which is a major gap fill from December 5th, 2017. Depending on how the stock reaches that level it could be a major support area. The next major level would be around the $47.50 level which is where there was a major breakout in late November 2017. My best bet level is going to be the $47.50 area, Very often, the institutional money will defend a prior breakout level when initially retested.

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Old Jun 6, 2018, 6:15pm   #1281
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Bitcoin Range: See The Breakout And Breakdown Points

InTheMoneyStocks started this thread Cryptocurrency Bitcoin continues to chop in a triangle pattern, trading just north of $7,500. Triangle patterns are consolidation formations, signaling shrinking volatility in the near-term but promising a big move on the horizon. Just last week, Bitcoin hit the lower end of the triangle near $7,000. It held and bounced back to $7,500+. The upside of the range is just under $9,000. As long as it stays between these two levels, expect chop. However, if it breaks below $7,000, Bitcoin will head to $4,900. If it breaks above $9,000, Bitcoin will head to $20,000. This is why triangle patterns are so important watch. The resulting move from the breakout/breakdown will be epic. Note the chart below.


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Old Jun 11, 2018, 5:06pm   #1282
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Watch This Technical Chart Level For Unum Group $UNM

InTheMoneyStocks started this thread Unum Group (NYSE:UNM) provides group and individual disability insurance and group life insurance mainly in the United States and United Kingdom. This stock topped out in early January 2018 at $58.73. Since that peak in the share price the stock has plunged to $39.31 a share. Traders and investors should note that the stock is trading below its important 50 and 200-day moving averages. This chart formation will usually signal further downside for the stock. Trader should now look at the $35.00 area for major support on the charts. This important support level is where the stock broke out in November 2016. Often, prior breakout level will serve as major support when retested. This is a level where I will be interested in trading UNM stock on the long side.


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Old Jun 11, 2018, 6:51pm   #1283
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Procter & Gamble Co $PG Nearing Gap Fill

InTheMoneyStocks started this thread Procter & Gamble Co (PG) continues to push higher as shorts cover and money flows to safer, high-dividend plays. With a move from under $71, Procter & Gamble hovers above $77.50. However, investors should be aware of a major gap fill resistance level coming into play at $78.20. Once hit, expect Procter & Gamble to pull back to $75.50 as consolidation takes hold. Only then should investors think about buying the stock for the next leg up.


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Old Jun 12, 2018, 6:01pm   #1284
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Honda Motor Co Ltd ADR $HMC Is On My Radar

InTheMoneyStocks started this thread Honda Motor Co Ltd ADR(NYSE:HMC) is a leading Japanese manufacturer of automobiles, motorcycles and power products, including general-purpose engines, generators, water pumps, lawn mowers, riding mowers, grass cutters, brush cutters, tillers and snow blowers. The stock topped out in February 2018 at $37.29 a share. Since that high pivot, the stock has declined. Today, HMC stock is trading around $32.36 a share. Traders should note, HMC stock is trading below it's important 50 and 200-day moving averages. This formation puts the stock in a weak technical position on the charts. Traders must now look lower for major support. The next important support level for HMC stock should be around the $30.50 level. This is a major retrace level and also an area where the stock broke out in October 2017. Often, this level will be defended by the institutional crowd when tested.


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Old Jun 12, 2018, 6:34pm   #1285
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Transports $IYT Have Eyes On Double Top

InTheMoneyStocks started this thread Shares of the Transportation ETF (IYT) continue to surge higher with eyes on the double top at $206.00. Based on the recent breakout in the Index, it is likely this target will be achieved within the next week or two, heading into the major cycle period that lasts between July and August 2018.


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Old Jun 13, 2018, 5:10pm   #1286
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Natural Gas Begins To Breakout $UNG

InTheMoneyStocks started this thread The commodity natural gas just broke out of a consolidation triangle. Natural gas storage is at a multi-year low in the United States and while oil is near multi-year highs, natural gas is just coming off multi-year lows. This recipe sets the stage for a solid surge in natural gas. Look for natural gas to trade up 20% in the coming months, realigning itself with the move in oil.


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Old Jun 14, 2018, 5:34pm   #1287
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Mylan Drops After FDA Finds Deficiencies In Its Version of Advair, Watch This Level

InTheMoneyStocks started this thread Shares of the pharmaceutical giant, Mylan NV (NASDAQ:MYL), are falling by nearly 5.0 percent to $39.70 a share. The sharp decline in the stock comes after the FDA said that it found minor deficiencies in Mylan's generic version of Advair. Today, the stock is fighting to stay above its important 50 and 200-day moving averages. A close below these key support levels will signal further downside in the stock price. Either way, should the stock decline further from current levels the next major support area would be around the $35.00 area. This is where the stock broke out on early May 2018 and should be defended by the institutional crowd if retested.

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Old Jun 14, 2018, 6:26pm   #1288
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Best Risk vs. Reward Short Trade Setup On Alphabet $GOOGL

InTheMoneyStocks started this thread Shares of Alphabet (GOOGL) are surging again as best of breed technology stocks are the 'in' thing. Every investor wants some, no matter the price. I am sitting back, allowing the average investor to pile in until Alphabet hits $1,181.50. Why this level? It offers the best technical setup trade short, with the smallest risk to biggest reward. Let me explain... The $1,181.50 level is a major gap fill, unfilled at this point. In addition, it is within 1% of the all-time high which is also a double top. This gives added resistance and adds to the short trade chance of success. Now that we have a technical trade level, let's look at the risk versus reward. First, the reward would be a fall with days to $1,120, with a second target over the following month to $1,000. The risk to the trade is tiny as any confirmation above the all-time high of $1,198 would stop you out. So in reality, the reward is $61 - $180 while the risk is a tiny $16.50. That is the type of trade worth taking in my humble opinion.


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Old Yesterday, 5:00pm   #1289
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Verizon Remains Weak On The Charts, Know This Trade Level

InTheMoneyStocks started this thread Verizon Communications Inc (NYSE:VZ) has been falling lower over the past week. Many traders and investors are now expecting Verizon to get into the acquisition game since AT&T Inc (NYSE:T) and Time Warner Inc (NYSE:TWX) received approval to merge. Either way, the charts are telling me the stock should continue to trade lower in the near term. The $45.00 area is where there should be major chart support when tested. This important support area is where the stock was defended multiple times in 2017 and will likely be defended again.


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Old Yesterday, 5:28pm   #1290
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Tesla $TSLA Now Headed For $390 Target

InTheMoneyStocks started this thread Shares of Tesla (TSLA) are back in style as the stock continues to surge towards its target of $390. It seems as though Elon Musk has regained his mental clarity and is leading the company forward. Investors believe the production targets will be met and all is good in Tesla world. If the stock continues to surge higher, I expect $390 to be hit and crossed. I have a short trade setup at $405.

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