InTheMoneyStocks Market Analysis
- Thread starter InTheMoneyStocks
- Start date
- Watchers 167
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Walmart (WMT) Nears Major Swing Buy At Gap Fill
Shares of Walmart Inc (WMT) are declining for the second straight day after reporting poor earnings Tuesday morning. The stock is now down north of 13% and likely to fall to a major gap fill at $89.75. Once there, Walmart becomes a strong swing trade buy. Look for the long trade and a bounce to $95.00.
Gareth Soloway
InTheMoneyStocks
Shares of Walmart Inc (WMT) are declining for the second straight day after reporting poor earnings Tuesday morning. The stock is now down north of 13% and likely to fall to a major gap fill at $89.75. Once there, Walmart becomes a strong swing trade buy. Look for the long trade and a bounce to $95.00.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Applied Materials (AMAT) Nears Strong Short Level
Shares of Applied Materials, Inc. (NASDAQ:AMAT) have surged in recent days from a low pivot of $45.00 back to nearly $57.00. This surge has yielded a possible short trade at $57.00 based on a resistance trend line. Note the chart below.
Gareth Soloway
InTheMoneyStocks
Shares of Applied Materials, Inc. (NASDAQ:AMAT) have surged in recent days from a low pivot of $45.00 back to nearly $57.00. This surge has yielded a possible short trade at $57.00 based on a resistance trend line. Note the chart below.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Major Swing Trade Buy Level On Applied Optoelectronics (AAOI) Revealed
Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) are collapsing today after the company reported earnings and guidance below Wall Street's expectations. The stock collapsed more 20%, to the mid-$26's. As a swing trader, I am finding major support at $22.80. This is a gap fill and a technical monster support. In addition, the stock is down from its 52 week high of $103.41. This places the stock in a long-term oversold condition. Once the major technical target of $22.80 is reached, Applied Optoelectronics should snap back to $30 or higher.
Gareth Soloway
InTheMoneyStocks
Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) are collapsing today after the company reported earnings and guidance below Wall Street's expectations. The stock collapsed more 20%, to the mid-$26's. As a swing trader, I am finding major support at $22.80. This is a gap fill and a technical monster support. In addition, the stock is down from its 52 week high of $103.41. This places the stock in a long-term oversold condition. Once the major technical target of $22.80 is reached, Applied Optoelectronics should snap back to $30 or higher.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Know This Trade Level For Universal Display Corp
Universal Display Corp (OLED:NASDAQ) is a leader in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. Last week, OLED stock dropped sharply after reporting earnings. It should be noted that the stock is now trading below its important 50 and 200-day moving averages. This technical chart setup signals near term weakness and further downside to come. Traders and investors must now look down around the $118.00 level for near term support. This support area is where the stock broke out in late August 2017. I will be keeping this stock on the radar and watching when OLED stock trades down to this bounce area.
Nicholas Santiago
InTheMoneyStocks
Universal Display Corp (OLED:NASDAQ) is a leader in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. Last week, OLED stock dropped sharply after reporting earnings. It should be noted that the stock is now trading below its important 50 and 200-day moving averages. This technical chart setup signals near term weakness and further downside to come. Traders and investors must now look down around the $118.00 level for near term support. This support area is where the stock broke out in late August 2017. I will be keeping this stock on the radar and watching when OLED stock trades down to this bounce area.
Nicholas Santiago
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Trade It: Apple Inc $AAPL Nears Major Double Top Resistance
Shares of Apple Inc (AAPL) are surging again, nearing the all-time high double top from January 2018. Today's surge is coming on the back of comments Warren Buffet made on CNBC, praising the company. To swing traders like myself, it is a perfect shorting opportunity. The double top and all-time high give a perfect resistance level to sell into, and just two weeks ago the stock kissed the $150 level. This means there is a better reward to being short at this point (near-term) versus being long. The pullback target off $180 is $167.
Gareth Soloway
InTheMoneyStocks
Shares of Apple Inc (AAPL) are surging again, nearing the all-time high double top from January 2018. Today's surge is coming on the back of comments Warren Buffet made on CNBC, praising the company. To swing traders like myself, it is a perfect shorting opportunity. The double top and all-time high give a perfect resistance level to sell into, and just two weeks ago the stock kissed the $150 level. This means there is a better reward to being short at this point (near-term) versus being long. The pullback target off $180 is $167.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Apple Tags Major Double Top, Likely Epic Topping Tail In Play
Shares of Apple Inc (AAPL) jumped in early trading on Tuesday just ahead of comments from new Federal Reserve Chairman Jerome Powell. After making a new all-time high at $180.48, Apple reversed sharply, turning negative on the day. This reversal may put in a daily topping tail and spell trouble for the stock going forward. Based on technicals, including the epic double top, I shorted Apple Inc with members in the Research Center. This is a pure technical swing trade, expecting this current reversal and more downside in the coming days. I have a near-term downside target of $150.00 on the stock.
Gareth Soloway
InTheMoneyStocks
Shares of Apple Inc (AAPL) jumped in early trading on Tuesday just ahead of comments from new Federal Reserve Chairman Jerome Powell. After making a new all-time high at $180.48, Apple reversed sharply, turning negative on the day. This reversal may put in a daily topping tail and spell trouble for the stock going forward. Based on technicals, including the epic double top, I shorted Apple Inc with members in the Research Center. This is a pure technical swing trade, expecting this current reversal and more downside in the coming days. I have a near-term downside target of $150.00 on the stock.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Nutrisystem Inc Sheds Weight After Earnings, Know This Trade Level
Today, leading weight loss service Nutrisystem Inc (NASDAQ:NTRI) is shedding some pounds after reporting earnings. The stock is trading lower by nearly 23.0 percent on heavy volume. Traders should note that NTRI stock is holding on to its weekly chart 200 period moving average at $30.70. Any close in the stock below today's low at $28.50 should signal another decline in the shares. Traders should now watch the $24.40 area as the next major support level in the stock. This is where the stock was defended in May 2016 and will likely be defended again when retested.
Nicholas Santiago
InTheMoneyStocks
Today, leading weight loss service Nutrisystem Inc (NASDAQ:NTRI) is shedding some pounds after reporting earnings. The stock is trading lower by nearly 23.0 percent on heavy volume. Traders should note that NTRI stock is holding on to its weekly chart 200 period moving average at $30.70. Any close in the stock below today's low at $28.50 should signal another decline in the shares. Traders should now watch the $24.40 area as the next major support level in the stock. This is where the stock was defended in May 2016 and will likely be defended again when retested.
Nicholas Santiago
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Nasty Topping Tail On The Semiconductor ETF $SMH
Shares of the semiconductor ETF $SMH surged in early trading, only to reverse in dramatic fashion, going negative on the day. The early surge made a new all-time high but the reversal is an ugly topping tail, a likely major top signal. Investors should watch where the $SMH closes today to see if it holds the topping tail. If it does, the SMH is a stone cold short.
Gareth Soloway
InTheMoneyStocks
Shares of the semiconductor ETF $SMH surged in early trading, only to reverse in dramatic fashion, going negative on the day. The early surge made a new all-time high but the reversal is an ugly topping tail, a likely major top signal. Investors should watch where the $SMH closes today to see if it holds the topping tail. If it does, the SMH is a stone cold short.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Know This Trade Level For This Consumer Staples Stock
Since interest rates have been rising many of the leading consumer staples stocks have been under pressure. Today, Colgate-Palmolive Co (NYSE:CL) is trading lower by $0.58 to $69.34 a share. This leading consumer goods stock topped out on January 19, 2018 at $77.91 a share. Since that high pivot price in the stock the share have fallen below the important 50 and 200-day moving averages. This is putting the stock in a weak technical position on the charts. The next major support area for CL stock will be around the $66.00 level. This is where the stock will look very attractive for a long side trade.
Nicholas Santiago
InTheMoneyStocks
Since interest rates have been rising many of the leading consumer staples stocks have been under pressure. Today, Colgate-Palmolive Co (NYSE:CL) is trading lower by $0.58 to $69.34 a share. This leading consumer goods stock topped out on January 19, 2018 at $77.91 a share. Since that high pivot price in the stock the share have fallen below the important 50 and 200-day moving averages. This is putting the stock in a weak technical position on the charts. The next major support area for CL stock will be around the $66.00 level. This is where the stock will look very attractive for a long side trade.
Nicholas Santiago
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
This Trade Level For Garmin Ltd Should Be On The Radar
Garmin Ltd (NASDAQ:GRMN) is a leading manufacturer of hand-held, portable and fixed mount GPS systems. The stock topped out on February 20, 2018 at $65.96 a share. Since that pivot high, the stock has sold off by nearly 7.0 points. Currently, GRMN stock is trading lower by 0.07 to $59.17 a share. It should be noted that GRMN stock is now trading below the important 50-day moving average. This technical setup puts the stock in a weak technical position. The next major daily chart support level will be around the 200-day moving average which is currently at $56.00. After that, the stock should have even more support around the $54.00 level. This major support area is where the stock broke out in October 2017. Every trader should be keeping this major support level on the radar.
Nicholas Santiago
InTheMoneyStocks
Garmin Ltd (NASDAQ:GRMN) is a leading manufacturer of hand-held, portable and fixed mount GPS systems. The stock topped out on February 20, 2018 at $65.96 a share. Since that pivot high, the stock has sold off by nearly 7.0 points. Currently, GRMN stock is trading lower by 0.07 to $59.17 a share. It should be noted that GRMN stock is now trading below the important 50-day moving average. This technical setup puts the stock in a weak technical position. The next major daily chart support level will be around the 200-day moving average which is currently at $56.00. After that, the stock should have even more support around the $54.00 level. This major support area is where the stock broke out in October 2017. Every trader should be keeping this major support level on the radar.
Nicholas Santiago
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Walmart $WMT Tags The Daily 200 Moving Average, Signals Strong Buy
Shares of Walmart Inc (NYSE:WMT) opened lower on Friday, tagging the daily 200 moving average. With the stock down from a January high of $109.98 to its 87.24 (the daily 200 moving average), this is an obvious swing trade bounce play. The stock should snap back quickly to as high as $95.00 in the coming weeks. The stock is in extreme oversold territory. I grabbed some calls today when the stock was trading around $87.50.
Gareth Soloway
InTheMoneyStocks
Shares of Walmart Inc (NYSE:WMT) opened lower on Friday, tagging the daily 200 moving average. With the stock down from a January high of $109.98 to its 87.24 (the daily 200 moving average), this is an obvious swing trade bounce play. The stock should snap back quickly to as high as $95.00 in the coming weeks. The stock is in extreme oversold territory. I grabbed some calls today when the stock was trading around $87.50.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
JD.com Inc Holds Key Level By A String, Here Is The Trade
JD.com Inc (NASDAQ:JD) is a leading online direct sales company that operates in China. This leading Chinese ADR peaked out on the daily chart on January 29, 2018 at $50.68 a share. Since that high pivot, the stock has made a lower high pattern. JD stock is also testing the important 200-day moving average for the second day in a row. Traders should note that if the 200-day moving average fails to hold as support this should signal another leg lower for the stock. Swing traders should note that the next major support level for JD stock will be around the $37.00 area. This important support level was where the stock was defended in December 2017. Often, this support area should be solid support for JD stock when retested.
Nicholas Santiago
InTheMoneyStocks
JD.com Inc (NASDAQ:JD) is a leading online direct sales company that operates in China. This leading Chinese ADR peaked out on the daily chart on January 29, 2018 at $50.68 a share. Since that high pivot, the stock has made a lower high pattern. JD stock is also testing the important 200-day moving average for the second day in a row. Traders should note that if the 200-day moving average fails to hold as support this should signal another leg lower for the stock. Swing traders should note that the next major support level for JD stock will be around the $37.00 area. This important support level was where the stock was defended in December 2017. Often, this support area should be solid support for JD stock when retested.
Nicholas Santiago
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Two Options Plays Netting $1,000s: See Them Here
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Triangle Breakout On Watch: DryShips Inc.
Investors who enjoy a bit of risk in their investing lives should have DryShips Inc. (NASDAQ
RYS) on their high alert radar. The stock is forming a classic bullish triangle pattern inside of another long-term bullish consolidation phase. Should price notch-up above $3.75, the stock will likely be in breakout mode, surging to an upside target of $5.50. This is a possible upside percentage move of nearly 50% upon the breakout. I am placing this stock on high alert and will potentially be a buyer on the breakout.
Gareth Soloway
InTheMoneyStocks
Investors who enjoy a bit of risk in their investing lives should have DryShips Inc. (NASDAQ
RYS) on their high alert radar. The stock is forming a classic bullish triangle pattern inside of another long-term bullish consolidation phase. Should price notch-up above $3.75, the stock will likely be in breakout mode, surging to an upside target of $5.50. This is a possible upside percentage move of nearly 50% upon the breakout. I am placing this stock on high alert and will potentially be a buyer on the breakout.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
This Leading Telecom Stock Will Look Attractive Here
Verizon Communications (NYSE:VZ) is a leading provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies. The stock peaked out on January 25, 2018 at $54.77 a share. Since that high pivot, the stock has fallen down to $48.59 a share. Traders should note that the current share price is trading below its important 50-day moving average. This puts the stock in a weak technical chart position and potentially signals further downside near term. The next major support area for VZ stock will be around the $45.00 level. This is where the stock was defended in November 2017 and it will likely be defended again when retested.
Nicholas Santiago
InTheMoneyStocks
Verizon Communications (NYSE:VZ) is a leading provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies. The stock peaked out on January 25, 2018 at $54.77 a share. Since that high pivot, the stock has fallen down to $48.59 a share. Traders should note that the current share price is trading below its important 50-day moving average. This puts the stock in a weak technical chart position and potentially signals further downside near term. The next major support area for VZ stock will be around the $45.00 level. This is where the stock was defended in November 2017 and it will likely be defended again when retested.
Nicholas Santiago
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
This Is Why Micron Technology $MU Is A Strong Short
Shares of Micron Technology, Inc. (NASDAQ:MU) surged again today, hitting a new all-time high of $54.64. This surge tagged a massive trend line that stretches back to the top in 2009 and the top in 2014. When connecting those pivot highs, the trend line extends all the way out to $54.50, the level tagged today. After each pivot high in 2009 and 2014, Micron Technology, Inc. corrected 50%. That means another monster correction is likely at hand. Look for the stock to collapse as low as $27.00 in the next 12 months.
Gareth Soloway
InTheMoneyStocks
Shares of Micron Technology, Inc. (NASDAQ:MU) surged again today, hitting a new all-time high of $54.64. This surge tagged a massive trend line that stretches back to the top in 2009 and the top in 2014. When connecting those pivot highs, the trend line extends all the way out to $54.50, the level tagged today. After each pivot high in 2009 and 2014, Micron Technology, Inc. corrected 50%. That means another monster correction is likely at hand. Look for the stock to collapse as low as $27.00 in the next 12 months.
Gareth Soloway
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
This Leading Drone Maker Tanks After Earnings, Watch This Trade Level
AeroVironment, Inc. (NASDAQ:AVAV) is a leading manufacturer of unmanned aircraft and electronic vehicle charging and test systems for the U.S. and international governments. Today, the stock is trading lower by $6.74 to $43.76 a share after reporting earnings. Traders should note that today's decline puts the stock under the daily chart 200-day moving average. Should the stock close down here below this key moving average it could signal further downside to come for share price. The next important support level in play will be around the $38.75 area. This major support level is where the stock broke out in August 2017. Often, when a major breakout level is retested it will serve as an excellent bounce area for the stock.
Nicholas Santiago
InTheMoneyStocks
AeroVironment, Inc. (NASDAQ:AVAV) is a leading manufacturer of unmanned aircraft and electronic vehicle charging and test systems for the U.S. and international governments. Today, the stock is trading lower by $6.74 to $43.76 a share after reporting earnings. Traders should note that today's decline puts the stock under the daily chart 200-day moving average. Should the stock close down here below this key moving average it could signal further downside to come for share price. The next important support level in play will be around the $38.75 area. This major support level is where the stock broke out in August 2017. Often, when a major breakout level is retested it will serve as an excellent bounce area for the stock.
Nicholas Santiago
InTheMoneyStocks
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
This Is Why Netflix (NFLX) Is A Huge Short
InTheMoneyStocks
Experienced member
- Messages
- 1,236
- Likes
- 17
Done Maker AeroVironment (AVAV) Nearing Major Support Buy Target
Shares of AeroVironment, Inc. (NASDAQ:AVAV) collapsed sharply after reporting poor quarterly results. The drone maker surprised Wall Street with a quarterly loss and fell nearly 17% by early afternoon on Wednesday. Chart technical analysts are scoping out the major gap fill at $39.40 as accumulation buy level. Note the chart below.
Nicholas Santiago
InTheMoneyStocks
Shares of AeroVironment, Inc. (NASDAQ:AVAV) collapsed sharply after reporting poor quarterly results. The drone maker surprised Wall Street with a quarterly loss and fell nearly 17% by early afternoon on Wednesday. Chart technical analysts are scoping out the major gap fill at $39.40 as accumulation buy level. Note the chart below.
Nicholas Santiago
InTheMoneyStocks
Similar threads
- Article