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Whirlpool Corp $WHR Hitting Major Support, Now A Swing Buy Trade
Shares of Whirlpool Corp (WHR) continue to decline but finally the stock chart has hit major support. The $115 level is a major pivot from 2010 with Whirlpool now almost 50% off its 2018 highs. Swing traders should look for a bounce back to $125-$130 in the coming weeks. This is a classic technical setup for investors.
Gareth Soloway
InTheMoneyStocks
Home-Builder Stocks Fall As Rates Rise, But They Will Be Buys Again $PHM
As you all know, the leading home-builder stocks have been steadily declining as rates on the 10-year note continue to rise. Today, yields on the 10-year U.S. Treasury Note are higher by nearly 7.0 basis points to 3.125 percent. This move in rates has pressured the housing related equities.
One housing stock that has now caught my eye is Pulte Group Inc (NYSE:PHM). This stock has been declining lower since late January 2018 when it traded as high as $35.21 a share. Today, PHM is trading around the $24.00 area, so you can see how much it has fallen already. Traders and investors should now watch the $20.50 level for major chart support. This is where this stock broke out in January 2017 and will likely be defended again when retested.
Nicholas Santiago
InTheMoneyStocks
Stitch Fix Inc $SFIX Becomes A Buy At This Level...
Shares of Stitch Fix Inc (SFIX) are collapsing over 30% today after earnings disappointed heavily. As the stock collapses, investors and traders are looking for the major buy level. The stock chart signals a major buy when price hits $26.50. This level is revealed by noting a major pivot point and the daily 200 moving average at the $26.50 level. The two factor trade gives swing traders a high percentage chance of success.
Gareth Soloway
InTheMoneyStocks
This Airline Stock Is Now On My Radar, Watch This Trade Level
Recently, many of the leading airline stocks have been pulling back. Higher oil prices have certainly hurt the airline stocks since September 21, 2018 when they all made minor tops. Today, crude remains near its 52-week high and most airlines remain under selling pressure.
One particular airline stock that I'm now watching closely is Delta Air Lines Inc (NYSE:DAL). This stock traded as high as $60.23 on September 21, 2018. Since that high pivot in the stock, the share have fallen below their 50 and 200 day moving averages. This is a sign of weakness and usually indicates lower prices ahead. Today, DAL stock is trading lower by $2.34 to $54.25 a share. The next key support area that I see for the stock would be around the $51.00 level. This is where the stock was defended in July and would likely serve as solid support again when retested. Swing traders should keep this level on the radar for along side trade.
Nicholas Santiago
InTheMoneyStocks
This Regional Bank Stock Is Now On My Swing Trading Radar $RF
Recently, many of the leading regional bank stocks have been pulling back and selling off. One particular bank stock that I have been following is Regions Financial Corp (NYSE:RF). This stock just put in a minor top on September 5th, 2018 at $19.99 a share. Today, the stock is trading around the $18.27 level. Please note, the stock is now trading below the 50 and 200-day moving averages which is an indication there should be more downside in the near term. The one level that looks solid for a potential long swing trade is around the $17.00 area. This is where the stock was defended around the mid-July time period and should be supported when retested.
Nicholas Santiago
InTheMoneyStocks
$SBUX is sliding lower today. I will be watching the $55.25 intra-day support level. This is where the stock broke out on September 19th and should be solid if tested later today - Nick S.
F5 Networks $FFIV Falls Sharply, Here Is The Bounce Level
Shares of F5 Networks (FFIV) are seeing a sharp decline today, just 1 day after hitting an all-time high. As the stock falls, pro traders warn investors to stay away from buying F5 until major technical support is tagged. That level is at $182.75, a major pivot point. This is just a swing trade bounce level, not long term investment entry. Keep it on your watch list...
Gareth Soloway
InTheMoneyStocks
Key Trend Line To Watch On Exxon Mobil $XOM
Shares of Exxon Mobil (XOM) are stalling today, just days after hitting a major trend line on the daily chart. This trend line marks a key resistance point for the stock. As long as the stock remains below this trend line, expect weakness and a possible pull back over the coming weeks/months. However, if the stock pushes above this trend line, I expect an easy 10%+ of upside.
Gareth Soloway
InTheMoneyStocks
Conagra Brands $CAG Sinks After Earnings, Here's The Trade
This morning, leading food company, Conagra Brands Inc (NYSE:CAG), is trading lower by more than 6.0 percent after reporting earnings. Traders should note that CAG stock is now trading below its important 200-week moving average. This is very negative formation for the shares near term and will usually indicate lower prices ahead for the stock. The next key support level will be around the $30.00 area. This important support level was defended in February 2016 and would likely be defended again when initially retested. It will be important to see the chart pattern when the stock trades down to this support level. As you know, most of the leading food stocks have come under selling pressure over the past year and this trend does not look like it will change anytime soon.
Nicholas Santiago
InTheMoneyStocks
Microsoft Corp $MSFT Max Upside Short Level Revealed
Shares of Microsoft Corp (MSFT) continue to climb higher, breaking $115.00 today, a new all-time high. Investors continue to enjoy the move on this old school tech giant. However, after charting the Microsoft chart, it appears the max upside is at $117.25. This means that investors and swing traders can look to accumulate a short position there for a retrace pullback once that max move level is hit. This level comes from a simple trend line, connecting the recent highs from 2018. Simply connect the high from January 2018 to the high of July 2018. Extend that line out and it stretches to $117.25. Because each of those pivots saw a sharp retrace, logic dictates a pull back once it that trend line is hit again. A pull back of at least 10% is expected.
Gareth Soloway
InTheMoneyStocks
Know This Trade Level For This Leading Regional Bank Stock
As you all know, many of the leading regional bank stocks have been lagging the major stock indexes recently. One bank stock that has struggled over the past few weeks is SunTrust Banks Inc (NYSE:STI). This stock topped out on August 21, 2018 at $75.08 a share. Since that high pivot in the stock, the shares have tumbled and are now trading at $69.09. The company is scheduled to report earnings on October 19, 2018, so I would not expect a major move in the stock before that time. One level that has caught my eye as major support would be around the $64.50 area. This is where the stock broke out in December 2017. please note, the level was also back-tested in February 2018 before moving to new highs. This tells me that is where the institutional money will defend the equity when retested.
Nicholas Santiago
InTheMoneyStocks
Bitcoin $BTC Not Out Of The Woods Just Yet...
Crypto-currency Bitcoin $BTC is still stuck in a purgatory of sorts, trading in a range between a down-sloping trend line and an up-sloping trend line, forming a triangle. This can be seen in the chart below. Please be aware that it is imperative Bitcoin holds $6,225. If it breaks, downside could still be $4,900. On the upside, if Bitcoin can break up through $6,650, it could easily trade back to $10,000 within weeks.
Gareth Soloway
InTheMoneyStocks
Target Corp $TGT Chart Signals Trouble
Shares of Target Corp (TGT) are signaling a strong sell. Just two weeks ago, the stock chart put in multiple topping tails showing major distribution but big money. As the S&P hit new all-time highs over the past week, Target shares fell. In the last few days, those same tail formations are beginning again, signaling more distribution. It is likely Target Corp will start to break lower in the coming days, headed for the $80 target.
Gareth Soloway
InTheMoneyStocks
Michael Kors $KORS Is Tanking After Possible Versace Deal, Know This Trade Level
Earlier today, it was reported that Michael Kors Holdings Ltd (NYSE:KORS) was in talks to buy Versace group for $2.4 billion. This news is causing KORS stock to plunge lower by more than 8.0 percent to $66.73 a share. So far today, the stock has been defended at its 200-day moving average around the $66.00 level. A failure to close below this key support area would trigger another leg lower for the stock. The next major support area for KORS stock will be around the $59.50 area. This is where the stock was defended in June 2018 and will likely be defended again when retested.
Nicholas Santiago
InTheMoneyStocks
This Is Why Qualcomm $QCOM Likely Topped Out
Shares of Qualcomm (QCOM) have likely topped out in the near-term based on a stock chart showing a major top resistance trend line. Price tagged this line in the last few days after jumping from below $50 to above $75 in just a few months. The chart below showcases this trend line. This is a high reward short trade in the coming days/weeks.
Gareth Soloway
InTheMoneyStocks
Broadcom $AVGO Upside Target & Short Level Revealed
Shares of chip maker Broadcom (AVGO) are climbing higher again today. They are significantly above their July lows of $198, currently trading at $245.00. Based on technical charting, Broadcom will continue to move higher until it gets to about $265. Once there, a maximum upside level will be tagged and the stock will likely pull back sharply. Investors who are long can remain long until $265. Those looking for shorts be patient until that level.
Gareth Soloway
InTheMoneyStocks
Stich Fix SFIX Gets Ripped, Watch This Swing Trade Level
Stitch Fix Inc (NASDAQ:SFIX) is an online personalized styling service company that has been a major winner in 2018. The stock made a short term top a couple of days ago at $52.44 a share. Since that high pivot, the stock has tumbled by over $12.00 and is currently trading at $40.30 a share. The decline has occurred with higher than normal volume which indicates institutional selling. The daily chart would indicate major support for the stock around the $34.00 area. This important level is where the stock broke out of a sideways base in August and will likely be support when retested. Remember, past break-out levels will often serve as solid support levels when back-tested.
Nicholas Santiago
InTheMoneyStocks
Celgene Corp $CELG Chart Signals Trouble
Shares of Celgene Corp (CELG) have a nasty chart and pro traders are alerting investors. The stock price is currently forming a classic bear flag pattern. To make matters worse, the daily 20, 50 and 200 moving averages are just above current price and turning lower. This signals a likely fall on Celgene Corp in the coming weeks to as low as $75.00.
Gareth Soloway
InTheMoneyStocks
Copart $CPRT Sinks After Earnings, Know This Trade Level
Copart Inc (NASDAQ:CPRT) is an online seller of salvaged vehicles on behalf of banks, finance companies, charities and dealers. Earlier today, the company reported earnings that are not being well received by investors. Copart Inc shares are declining lower by more than 16.0 percent to $53.30 a share. This morning, the stock has been defended around its 50-week moving average which is at $50.24. A daily chart close below this critical support level will indicate further downside for the stock. The next major support level that traders and investors should watch will be around the $47.00 area. This is where the stock was defended in March 2018 and was followed by a break-out to new highs. Often, past breakout levels will serve as excellent support when retested.
Nicholas Santiago
InTheMoneyStocks
SINA Corp $SINA Is A Strong Buy
Shares of Sina Corp (SINA) are holding green today after President Trump announced a new round of tariffs on Chinese goods and the Chinese responded with tariffs of their own. Most would expect Chinese companies to drop sharply, but Sina Corp is not. This tells us that the stock is seeing little impact from the latest round of tariffs or the negativity of the tariffs have already been factored in. Examining Sina Corp closer, the stock chart is into major, epic support and likely near/at a bottom near-term. This tells us that the stock could likely bounce sharply higher in the coming weeks. Look for an upside move back towards $80 by year end.
Gareth Soloway
InTheMoneyStocks
Cracker Barrel Breaks Down After Earnings, Watch This Trade Level $CBRL
Earlier today, Cracker Barrel Old Country Store Inc (NASDAQ:CBRL), reported earnings that were short of analysts expectations. The company also issued downside guidance. The popular restaurant stock is trading lower by 5.63 percent to $142.27 a share. Traders should note that the stock price is now trading below its important 50 and 200-day moving averages. This puts the stock in a weak technical position on the charts. The stock is also falling below its recent weekly chart pivot low from late July which indicates weakness and further downside for the shares. Traders must now watch for support around the $130.00 area. This important support area is where the stock was defended in October 2016. Often, past pivot levels will serve as major support when retested.
Nicholas Santiago
InTheMoneyStocks
Watch This Trade Level For E-Trade $ETFC
Leading online financial services company, ETRADE Financial Corp (NASDAQ:ETFC), has been slumping since early June 2018. At that time, ETFC stock traded as high as $66.46 a share. Since that high pivot, the stock has declined lower, today it trades at $53.46 a share. Traders and investors should note that ETFC stock is now trading below its important 50 and 200-day moving averages. This position on the chart puts the stock in a weak technical position. Traders must now look lower for major chart support. The next key support area will be around the $50.00 level. This is where the stock was defended in February 2018. Often, when a stock back tests a major support level it will be defended again. This level interests me for a long side swing-trade in ETFC stock.
Nicholas Santiago
InTheMoneyStocks
Bear Flag Breakdown Alert: CSX Corp $CSX
Shares of CSX Corp (CSX) just broke down from a bear flag formation. This signals sharp leg lower on the stock, culminating with a target of $64.50. A bear flag is a classic technical setup and formed following a reversal candle off all-time highs on CSX Corp. The break below the flag pattern triggers the next leg lower. See it in the chart below.
Gareth Soloway
InTheMoneyStocks
This Leading Bank Stock Just Broke Below Its 200-Day Moving Average, Here's The Trade
This morning, many of the leading bank stocks are declining in today's trading session. Wells Fargo Co (NYSE:WFC) is a leading financial stock that has caught my eye. The stock is trading lower by $1.29 to $56.09 a share today. It has also broke its important 200-day moving average, which is a negative position for the stock. There are still many support levels still in play for WFC stock, but this sign of weakness should lead to further downside in the coming weeks. Traders and investors should note that the next key support area for WFC stock will around the $52.00 level. This important level was defended in late April 2018 and will likely serve as major support when retested. This is a level that I will be watching closely for a long side trade in this banking giant.
Nicholas Santiago
InTheMoneyStocks
OverStock.com $OSTK, The Bitcoin Play Is Ready To Bounce
Shares of OverStock.com (OSTK) have fallen from a 52 week high of $90 to a low today of $24.80. It also marks major support on the weekly chart. Namely, the stock has hit former major pivot support at $25 as well as the weekly 200 moving average. Look for a strong bounce higher into the mid-$30s on Overstock.com. This likely will be accompanied by a jump higher in Bitcoin.
Gareth Soloway
InTheMoneyStocks
Watch This Leading Chip Stock At This Trade Level $TXN
Texas Instruments Inc (NASDAQ:TXN) is a leading chip stock that has been declining since late January 2018. At that time, the stock traded as high as $120.75 a share. Today, TXN stock is trading at $107.15 a share. Traders and investors should note that the stock is still holding its 50-week moving average around the $107.00 level. A weekly chart close below this key support level would indicate another decline is in store for the shares. The next major support level for TXN will be around the $100.00 area. This is where the stock was defended in April and will be the next major support level for the stock. I will be watching TXN closely at this level for a solid buying opportunity.
Nicholas Santiago
InTheMoneyStocks
Micron Tech $MU Major Swing Trade Level
Shares of Micron Tech (MU) continue to fall, trading as low as $42.35 on today. The high for 2018 was near $65.00. As this semiconductor falls, investors are searching for a major support level to buy. The level is not far away and will likely be seen within weeks. The master swing trade level is $39.65. Investors should expect a multi-week to month bounce off this level, good for at least 10% in price appreciation.
Gareth Soloway
InTheMoneyStocks
Price Retrace: This Is Where Apple Inc $AAPL Is Headed
Shares of Apple Inc (AAPL) are tanking again after President Trump tweeted that they need to move production of the iPhone and other products to the United States to avoid steep tariffs. As a chart technician, the stock is making an expect pull back after a monster run from $190 to nearly $230. The retrace is expected to bring Apple Inc back to its up-trend level at $200/share. Once there, Apple becomes a strong buy again.
Gareth Soloway
InTheMoneyStocks
Alibaba $BABA Falls Again, Where Is The Bottom?
Recently, the leading Chinese ADR's have come under some severe selling pressure on the back of the U.S. / China trade wars. The important and highly followed Shanghai Index (Chinese stock index) is trading down by more than 18.0 percent this year and still looks to be weak on the charts.
The top Chinese ADR is Alibaba Group Holding Ltd (NYSE:BABA). The stock peaked out on June 5, 2018 at $211.70 a share. Since that high pivot in the Chinese giant the stock has declined by more than $54.00 (-25.6%) a share. Earlier today, Alibaba Chairman Jack Ma announced that he will be stepping down from his post at the company and the stock is sliding again. Many traders are now wondering where the bottom will be for this stock that is often called Amazon of China. Traders and investors should now watch the $153.00 level. This level is where the stock broke out in August 2017. Often, prior breakout levels will serve as excellent support when retested. Please understand, all Chinese ADR's will be vulnerable until the Shanghai Stock Index finds a low on the charts. For this reason, the way that I will likely play this trade level on the long side will be by using call options.
Nicholas Santiago
InTheMoneyStocks
Major Buy Level On Alphabet Inc $GOOGL Revealed
After major chart analysis on shares of Alphabet Inc (GOOGL), the top pro traders in the expect it to fall sharply to the $1100.00 level before finding major support for a swing trade buy. This level represents a 61.8% Fibonacci retrace of the March to July 2018 move as well as a cross of the daily 200 moving average.
Gareth Soloway
InTheMoneyStocks
$KLAC Is Getting Clocked, Here's My Swing Trade Level
This morning, the leading semiconductor equipment stocks are tumbling lower. Leading stocks such as KLA-Tencor Corp (NASDAQ:KLAC), Applied Materials Inc (NASDAQ:AMAT) and Lam Research Corp (NASDAQ:LRCX) are all trading down by 3.0 percent or more.
The big loser in the industry group is KLA-Tencor Corp (NASDAQ:KLAC). The stock is falling lower by 8.65 percent to $108.56 a share. The stock has very solid daily chart support around the $107.30 level, this area was successfully tested earlier today. Should KLAC stock fail to hold this support area on a daily chart closing basis then it would signal another decline in the near term for the shares. The next key support area for KLAC stock would be around the $103.00 level. This support area was where the stock was defended in late July and will likely be defended again if retested. I will be watching this level closely for a long trade in the next few weeks.
Nicholas Santiago
InTheMoneyStocks
Major Break To Watch For On J C Penney $JCP
J C Penney (JCP) is likely to name a new CEO soon. Should the name be big and investors gain confidence, look for the stock to surge back to $2.40. That would be an almost 50% move in the stock. To add fuel to the fire for a surge higher, I am watching the stock chart. There is a classic bullish pattern starting to form. Should J C Penney move above $1.80, the breakout will begin. See the chart below for a visual. Please note, any break of the all time low of $1.60 would trigger the stop.
Gareth Soloway
InTheMoneyStocks
Bank Stocks Show Relative Strength On Sell Off Day $JPM
This morning, many of the large U.S. bank stocks are holding up well despite the early morning sell-off in the major market indexes. Leading financial giant, JPMorgan Chase & Co (NYSE:JPM), is trading lower by just 0.05 cents today. This stock has recently been consolidating on its daily chart and weekly charts. Generally, when a stock consolidates or forms a sideways base it is looking to move higher in the near future. This is a stock that is now on my radar for a potential long side trade. While the consolidation pattern may not be complete the potential upside in the stock is north of $120.00 a share. Other bank stocks that have similar patterns include Wells Fargo & Co (NYSE:WFC), and Citigroup Inc (NYSE:C), however JPM stock looks the best at this time.
Nicholas Santiago
InTheMoneyStocks
Facebook $FB Falls Sharply, Here Is The Obvious Target To Buy
Shares of Facebook (FB) collapsed sharply today after some nasty analyst comments about regulation and growth. For those of you who have been following me, it is no surprise. There were warning signs almost as much as a year ago when big advertisers said they were no longer spending money on the platform. After the earnings drop, I also gave the price target of $160. The stock is headed there and likely within weeks. Look for major support for a swing trade bounce at $160.
Nicholas Santiago
InTheMoneyStocks
Tesla Inc $TSLA Continues To Fall: Here Are The Targets
Elon Musk has caused an epic shift in the focus of investors and analysts, from the genius of Tesla products to a man filled with ego. That is not good. Investors have seen shares of Tesla Inc (TSLA) fall sharply from a recent high near $390 to a low today near $290. This epic 3 week fall should spook investors as big hedge funds are dumping. Large funds cannot risk their performance on a loony tweet. There is too much money on the line. Based on technical chart analysis, the stock will see continued momentum to the downside to its first support at $273.75, then after a hard bounce, another leg lower to $245.00. I will be patiently waiting there to begin accumulating shares. It is likely the bottom target could be hit by end of year 2018.
Gareth Soloway
InTheMoneyStocks
Seagate Tech $STX Drops After Downgrade, Watch This Trade Level
This morning, leading tech stock, Seagate Technology PLC (NASDAQ:STX), is declining sharply lower after being downgraded. The stock is falling by 9.66 percent to 48.39 a share. Traders should note that STX stock is now trading below its 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 solid support. One area that looks to be a strong potential trade level is around the $43.00 range. This area is where there is a major weekly chart gap fill from early January. Often, the institutional traders will defend a major gap area when filled and tested.
Nicholas Santiago
InTheMoneyStocks
Box Inc $BOX Got Crushed, Now This Level Is In Play
Yesterday, leading cloud based content management company, Box Inc (NYSE:BOX), sold off by nearly 10.0 percent after reporting earnings. Traders should note that the stock is now trading below its important 50-day moving average. The stock is now testing the pivot low area from August 2, 2018 around the $23.23 level. A daily close below this important support area would signal another decline for the stock. The next key support area for the stock would be around the $21.50 level. This is an area where the stock broke out in April 2018. I will be watching this stock for a long side trade when the shares trade down to this level.
Nicholas Santiago
InTheMoneyStocks
Movado Group Inc $MOV Gets Slammed After Earnings, Here's The Trade
Movado Group Inc (NYSE:MOV) is a leading designer, marketer and distributor of watches. Today, the stock is declining sharply after reporting earnings. MOV stock is trading lower by more than 14.0 percent to $42.15 a share. Should the stock close down around this level today it would likely signal more downside to come. MOV stock is still trading above its 200-day moving average which is currently at $38.87. Any close below this key support level would indicate a move down into the $34.00 area. This would be a solid support level for MOV stock if tested. Please note, this is where the stock broke out in late March 2018. Traders and investors should expect this level to be defended when reached.
Nicholas Santiago
InTheMoneyStocks