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Checkout This Trade Setup On $GOOGL...
Just a little over a week ago, Alphabet Inc (NASDAQ:GOOGL) reported solid earnings. The stock jumped sharply higher on those results, trading as high as $1,063.62 in early trading. However, Alphabet Inc quickly reversed, closing at around $1,031.00. The reversal put in a topping tail on the daily chart. In the days following that major up-move and reversal, the stock has inched higher. This inching higher, forms what is known in the technical world as a bearish, inside-bar pattern. Coupled with the topping tail on the daily stock chart, it is a strong sell signal. Ultimately, investors should be expecting a sell-off to take place, pushing Alphabet Inc to below $1,000.00 in the coming weeks. The gap fill from before earnings is my target at $990.00. In addition, what makes this a nice trade is that neatly defined stop. Any daily close above the topping tail high at $1,062.63, stops you out. This means the risk is about $17 while the reward is about $56. Solid risk/reward in my book.
Gareth Soloway
InTheMoneyStocks
Know This Trade Level For This Top Media Stock
This morning, leading media and content provider, CBS Corporation (NYSE:CBS) is falling lower by 0.39 to $55.01 a share. The stock price of CBS has been under pressure since July 2017 when it traded as high as $68.75 a share. Many traders and investors are now trying to find a bottom for CBS stock, but the stock remains weak on the charts.
Currently, CBS stock is oversold on a daily chart, but it remains in a weak technical position. CBS stock trades below its 50-week moving average which is never a good sign for a stock. Traders must now watch the $48.75 area as the next major support level for the stock. This is where the stock was defended back in September 2016. Often, major support levels from the past will hold up when retested. This level is where I would likely be a buyer in CBS stock.
Nicholas Santiago
InTheMoneyStocks
Tesla Drives Off The Road After Earnings
This morning, leading EV auto manufacturer, Tesla, Inc. (NASDAQ:TSLA), is coming under heavy selling pressure after reporting earnings. The stock is falling lower by $24.51 to $296.65 a share. Today's drop is almost an eight percent decline in the share price. Many traders and investors are now wondering where the next major support level will be for the highly popular EV car maker.
Right off the bat, TSLA stock is now trading below its daily chart 200-day moving average. This is a negative chart position and should signal further downside in the near term. The next major support level for TSLA stock will be around the $275.00 level. This will be the back-test area from a prior breakout in March 2017. Traders should always remember that past breakout levels are usually strong support when they are revisited. Keep this stock on the radar as I will be trading it when it hits my level.
Nicholas Santiago
InTheMomeyStocks
Alaska Air Is Coming In For A Hard Landing
Leading airline stock Alaska Air Group, Inc. (NYSE:ALK) has been under selling pressure for most of 2017. This stock topped out on March 1, 2017 at $101.43 a share. Since that peak in the stock price shares have fallen by nearly 36.0 percent. Today, ALK stock is trading at $64.82 a share. Traders and investors should note that ALK stock is trading below its 200 week moving average. This is a very negative chart formation that ultimately indicates lower stock prices ahead.
So where is the next major support level for ALK stock? It looks as if this stock was defended by the institutional money back in July 2016. This tells me that the institutional crowd will likely defend this stock again when it trades down to the $56.50 area which was the July 2016 low. I will be a buyer of ALK shares at this level with a weekly chart stop loss below $53.00. This should serve as solid risk/reward trade setup. The first upside target would be the $61.00 level. See you on the charts!
Nicholas Santiago
InTheMoneyStocks
This Las Vegas Sands Level Is A Good Bet
This morning, leading casino and resort stock, Las Vegas Sands Corp (NYSE:LVS), is declining lower by 0.79 to $60.93 a share. Last week, the casino giant reported earnings and the stock declined lower on the news. Traders should note that LVS stock is now trading below the important 50-day moving average. Anytime a stock trades below its 50-day moving average it is often viewed as a weak technical position for the equity. Traders must now watch the $56.75 level for major chart support. This is where the stock was defended in May 2017 before rallying to new highs. Often, when stocks backtest a major support level it will serve as important support again when retested. It looks like a good bet to own LVS stock around the $56.75 area.
Nicholas Santiago
InTheMoneyStocks
This Bullish Setup On $M Yields Major Breakout Potential...
Just two weeks ago I alerted members to grab some Macy's Inc (NYSE:M) calls because of a bullish bottoming tail and reversal signal. Macy's was trading under $20.00 at the time. After a surge to almost $22.00, we sold our calls for over a 60% profit. I sold because Macy's Inc had pushed into a major trend line of resistance and I figured it would pull back. Taking profits was the smart thing to do. That is exactly what has happened. Shares of Macy's Inc have consolidated slowly for the last week, inching down slightly. At this point, Macy's Inc has formed a bull flag pattern. The next move up will likely take out the resistance trend line seen in the chart below, blasting Macy's Inc sharply higher. I am going to be looking to buy some calls again, expecting a stock move to maybe as high as $24.00 in the coming week or two.
Gareth Soloway
InTheMoneyStocks
Public Storage (NYSE:PSA) Gets Evicted
This morning, leading self storage real estate investment trust (REIT), Public Storage (NYSE:PSA), is declining sharply lower after reporting earnings. It is reported that Public Storage missed revenue expectations and this is likely the reason for the decline in the stock price. Traders and investors must now expect more weakness in the coming weeks as the stock now trades below its 50 and 200-day moving averages. Traders should note that the next major support level for PSA stock will be around the $185.00 level. This important area is where the stock broke out in July 2015. Often, prior breakout levels will be defended when retested.
Nicholas Santiago
InTheMoneyStocks
Shutterfly, Inc. (NASDAQ:SFLY) Just Got Swatted
Today, leading online manufacturer and retailer of photo based personalized products and services, Shutterfly, Inc (NASDAQ:SFLY) is declining sharply on the charts. The fall in SFLY stock comes after a poor reaction to earnings. The stock is now trading below its 50 and 200-day moving averages putting it in a weak technical position. Traders and investors should now expect a lower stock price in the coming weeks. The next major support level on the charts will be around the $39.00 level. This level is where the stock was defended in January 2016 before breaking out to new 52 week highs. Often, when stocks back test past support levels they will be defended by the institutional crowd.
Nicholas Santiago
InTheMoneyStocks
This Chart Is Signaling More Downside For Arconic Inc
Yesterday, leading lightweight metals engineering and manufacturing firm, Arconic Inc (NYSE:ARNC), dropped sharply after reporting earnings. The current daily chart pattern is signaling further downside in the near term. This stock is a spin-off from the old Alcoa and does not look particularly healthy at the moment. Traders and investors should note that yesterday's decline wiped out over one month of gains in a single trading session. The next major support level for ARNC stock will now be down around the $22.00 area. This level was defended in June 2017 and should serve as support again when retested.
Nicholas Santiago
InTheMoneyStocks
Russell 2000 $IWM Chart Analysis: Target Price Revealed
The Russell 2000 has been in its happy place as tax cuts appear to be closer. From January 2017 to August 2017, the Russell 2000 had been in a slow grind-up range. It finally broke out in late August when tax cuts began to look more likely. The move took the IWM (Russell ETF) from $135 to over $150 in just over a month. This broke the upper range of the channel. As the Russell (IWM) now stalls, it will likely see a pull back in the coming days/weeks to the upper range of that channel, which is now support. That is around the $146.70 price point. This will be the first major support and big test of any pull back in the Russell 2000 (IWM). It is important to note that the Russell has been a leader for the stock market and continues to be. If the Russell starts to fall, the S&P will likely follow within a day or two.
Gareth Soloway
InTheMoneyStocks
Believe It Or Not, Procter & Gamble (NYSE:PG) Is Looking Attractive
Believe it or not, leading consumer staples stock Procter & Gamble Co (NYSE:PG) is starting to look attractive as a trade. This stock has been declining sharply since topping out on September 20th, 2017 at $94.67 a share. Today, PG stock is declining lower by $1.11 to $87.14 a share. Traders and investors should now watch the $86.50 level for support on the daily chart. This level is where the stock was defended in July 2017. Often, when a stock retests a major sponsorship area if will react positively. Short term swing traders should look for a bounce around this level.
Nicholas Santiago
InTheMoneyStocks
Skyworks Solutions Falling Out Of The Sky
This morning, leading semiconductor stock, Skyworks Solutions Inc (NASDAQ:SWKS), is declining lower by over 4.0 percent to $102.96 a share. It seems that this equity is declining in sympathy to negative news on Apple Inc (NASDAQ:AAPL). Today, there is a rumor that iPhone 8 sales are weak and all of the stocks that are part of the Apple ecosystem are falling lower in today's session. SWKS is now trading below its important 50 and 200-day moving averages. The next major daily chart support level for SWKS stock will be around the 200-day moving average which is at $99.87. Traders should note that SWKS is scheduled to report earnings on November 6, 2017.
Nicholas Santiago
InTheMoneyStocks
Lockheed Martin (NYSE:LMT) Finally Pulls Back, Here's The Trade
Lockheed Martin Corporation (NYSE:LMT) is a leading defense and aerospace company. The stock has been one of the best performing equities over the past four years. Finally, LMT stock is pulling back over the past four trading sessions. The stock is now close to testing its 20-day moving average. Traders should note that this 20-day moving average is minor support so there is a good chance that the stock could move lower. The daily chart is signaling very solid support around the $305.00 level. This area is where the stock traded sideways in August before breaking out to new highs. Keep this level on the radar as LMT is scheduled to report earnings on October 24, 2017.
Nicholas Santiago
InTheMoneyStocks
$QCOM Gives Investors Great Buying Opportunity Right Here...
QUALCOMM, Inc. (NASDAQ:QCOM) has a classic bullish retrace setup that gets me excited to buy. The stock has made multiple higher lows and higher highs in recent weeks signaling a near-term up-trend. Following the latest move higher, the stock retraced to the major support of the daily 20 and 50 moving averages. This huge support level confirms the buying opportunity. The only reason QUALCOMM is not at its 52 week highs is because the company is in a legal battle with Apple (AAPL). Eventually, there will be a settlement. I believe when that happens this is a $60.00 stock. This chart setup is very bullish.
Gareth Soloway
InTheMoneyStocks
AT&T Inc (NYSE:T) Still Has One More Leg Lower
Traders and investors can easily see that telecom giant AT&T Inc (NYSE:T) has been under selling pressure recently. This stock has been falling since it peaked out in January 2017 at $43.03 a share. Today, T stock price is trading around $36.00 a share. The pattern on the charts still remains weak as T stock trades below its 50 and 200-day moving averages. Traders must now watch the $34.00 area as the next major support level. This is where the stock was defended in January 2016, and it will often be supported when retested. Please note, AT&T Inc (NYSE:T) will report earnings on October 24, 2017.
Nicholas Santiago
InTheMoneyStocks
Adobe Flips Like An Acrobat
Leading software giant Adobe Systems Inc(NASDAQ:ADBE) is coming under heavy selling pressure since the opening bell. Earlier today, ADBE stock was downgraded to a Hold from Buy at Deutsche Bank. The drop in the stock is now about 2.80 percent. Traders and investors should note that this coming Friday is options expiration for the month of October and many stocks will get hit and benefit by countless upgrades and downgrades that will occur this week. Unfortunately, ADBE stock was downgraded today and shareholders are feeling the pain of the decline. Traders and investors should now watch for daily chart support in ADBE around the $146.85 level. Please remember, daily chart support level are usually good for three to five trading days.
Nicholas Santiago
InTheMoneyStocks
Medtronic PLC (NYSE:MDT) Technical Outlook
Leading medical device manufacturer Medtronic PLC (NYSE:MDT) has been under selling pressure since June 26th, 2017. At that time, the stock traded as high as $89.72 a share before topping out. Today, MDT stock is trading around $78.00 a share and should still have a bit more downside in the near term. Traders and investors should now watch the $74.50 level as the next major chart support area. This support level matches up nicely with the weekly 200 period moving average. It is also important to note that this area was where the stock was defended in January 2017.
Nicholas Santiago
InTheMoneyStocks
This Leading Cyber Security Stock Just Had A Failed Breakout
Traders and investors should note that the leading cyber security company Symantec Corp (NASDAQ:SYMC) just staged a failed breakout pattern on the charts. Recently, the stock tried to breakout above the $34.00 level on three separate occasions in September and early October only to fall below the $32.00 support area today. This pattern will usually be followed by more selling in the near term. Traders must now watch the 200-day moving average for short-term daily chart support. The better and stronger chart support area will be around the $27.50 level. This area was prior chart support in July and August 2017.
Nicholas Santiago
InTheMoneyStocks
Why Shorting General Motors $GM Makes Dollars And Sense...
Remember General Motors Company (NYSE:GM)? The automaker who was bailed out by taxpayers. The automaker who goes up or down 10% every few years depending on auto sales? Guess what?! Since September 2017, shares of General Motors Company have soared from $35 to over $45. That is a whopping gain of almost 30% in two months. It appears investors are willing to buy into the idea that hurricane Harvey and Irma will increase demand near-term for cars and China is the next big game in town General Motors will own. I don't buy it. Sorry, but while demand may increase near-term, it is not the revolution the stock price is showing.
Why did I alert a short trade to members in the Research Center? There is a long term trend line that begins back in late 2010 from a pivot high and connects to another high pivot from late 2013. This trend line extends out into the current price of General Motors Company. This means not only is General Motors overvalued historically, but technically it has slammed into major resistance. I expect a pull back in shares of General Motors Company to $40.00.
Gareth Soloway
InTheMoneyStocks
Will Walgreens & CVS Be The Next Victims Of The Amazon.com Invasion?
This past weekend every trader and investor are talking about Amazon.com moving into the drug and pharmacy business. Today, we see the two leading drug store stocks; Walgreens Boots Alliance Inc (NASDAQ:WBA) and CVS Health Corp (NYSE:CVS) drop lower on this news. It seems as if every business Amazon.com enters the leading stocks in that industry will feel its wrath. Earlier this year, many of the leading food and grocery related stocks declined sharply when Amazon.com announced that it was buying Whole Foods.
Walgreens Boots Alliance Inc (NASDAQ:WBA) has been declining sharply since September 12, 2017 when it traded as high as $82.89 a share. Today, WBA stock is trading lower by $2.49 to $70.70 a share. Traders and investors must now watch the $66.50 level as the next major support area. This level is where the stock broke out in December 2014. Often prior break-out levels will be supported when retested.
Nicholas Santiago
InTheMoneyStocks
Nasty Bear Flag Alert On $OLED: Here Is The Trade...
Shares of Universal Display Corporation (NASDAQ:OLED) have one of the tightest, nastiest bear flag formations I have seen. There are high odds of this stock taking a major leg lower in the coming weeks. The first target is $108 and the second target is $90. The key here is the recent news from just days ago that many Asian companies are over-producing OLED displays. Asia and specifically China have a history of overproducing things and dumping them on the overall market, killing margins. This has happened with commodities like steel as well as solar panels. If true, this will hurt Universal Display Corporation's margins in a major way. The bear flag on the stock chart likely confirms the stock is heading sharply lower in the coming weeks.
Gareth Soloway
InTheMoneyStocks
United Parcel Service (NYSE:UPS) Sinks After Amazon Invades Another Industry
Amazon.com, Inc.(NASDAQ:AMZN) has announced that they will start a delivery service to compete with United Parcel Service, Inc.(NYSE:UPS), and FedEx Corporation(NYSE:FDX). While this news has been tossed around for years it looks as if Amazon.com is really about to make the move in the package delivery business. Due to the upcoming holiday season there will certainly be more than enough packages for all of the companies in the shipping and delivery sector. This does not mean that stocks such as United Parcel Service, Inc.(NYSE:UPS) and FedEx Corporation(NYSE:FDX) won't see lower stock prices in the near term. At this time, the next major daily chart support level for UPS is going to be around the $113.50 area. This is a major retrace level that will often hold as support when initially tested. Traders and investors should remember that daily chart support levels are generally good for about three to five trading sessions.
Nicholas Santiago
InTheMoneyStocks
This Leading Waste Management Stock Is Getting Dumped
This morning, leading waste management company Republic Services, Inc(NYSE:RSG) is trading lower by more than 5.0 percent on the back of a downgrade. The stock tested its 200-day moving average at $62.50 and is holding so far. Unfortunately, the daily chart pattern is signaling further downside to come for the stock. Traders and investors will now need to watch the $59.00 level for major chart support. This level is where the RSG stock broke out in February 2017. Often, when stocks retest their break-out levels they will be defended by the institutional money. Keep the $59.00 level on the radar for RSG when it trades down there.
Nicholas Santiago
InTheMoneyStocks
Bullish Pattern Breakout Alert On QUALCOMM $QCOM...
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) are on the verge of a major breakout. There is an inverse head and shoulder pattern in play. Price is right up against the neck-line, the breakout point. If price can push over $52.30, it should engage, sending the stock close to $57.00. See the stock chart below.
Gareth Soloway
InTheMoneyStocks
MGM Resorts International (NYSE:MGM) Trade Level You Should Know
As you all know, leading casino stock MGM Resorts International(NYSE:MGM) has been under pressure since the horrific shooting in Las Vegas this past Sunday. MGM stock has declined steadily lower since September 7, 2017 when the stock traded as high as $34.65 a share. Traders and investors should note that the stock should have major daily and weekly chart support around the $28.50 area. This is a level where the stock broke out in April 2017. Often, when stocks retest their prior breakout levels they will be supported and defended by the institutional money.
Nicholas Santiago
InTheMoneyStocks
Netflix Inc (NASDAQ:NFLX) Fails At Double Top, Now What?
Netflix Inc (NASDAQ:NFLX) is a leading internet streaming content provider. The stock has been a major winner in 2017, but it failed to break out to new highs recently. NFLX stock topped out on July 21, 2017 at $191.50 a share. The stock price challenged that July top on September 2, 2017 but was rejected and has pulled back over the past few weeks. Currently, the stock is trading at $178.89 a share. The daily chart pattern is also very weak as it is a bear flag formation. This chart setup tells us that the stock could trade down to the $166.50 level on the daily chart before finding major chart support. Please remember, Netflix Inc will report earning on October 16, 2017 which is always difficult period to predict the direction of the stock.
Nicholas Santiago
InTheMoneyStocks
Why I Alerted Investors To Buying Puts On The $XLE (Oil Stocks)
The Energy Select Sector SPDR (ETF)(NYSEARCA:XLE) is a strong short in my opinion. This comes from pure technical analysis. First, the $XLE hit the daily 200 moving average, after surging since mid-August from under $62.00 to a high today of $68.90. This is a monster move in a very short time frame. Next, oil is trading in the upper range around $52.00. Just weeks ago it was near $45.00 at the low end of the range. This range has been active for most of 2017 and continues to hold. Next, the $XLE is pulling back off the daily 200 moving average forming a topping tail. Topping tails are great reversal signals. Off these factors, I alerted members to buy puts on the $XLE. I expect the price of the $XLE to fall to $66.00 - $66.50.
Gareth Soloway
InTheMoneyStocks
Gilead Sciences Inc (NASDAQ:GILD) Retreats, Watch This Trade Level
Today, leading biotechnology company Gilead Sciences Inc (NASDAQ:GILD) is trading lower by $2.24 to $81.62 a share. The stock is pulling back from an overbought condition on the charts. GILD stock put a recent high in the charts at $86.26 on September 8th. This tells me that the current decline in the stock should be just a minor fall. Traders and investors should watch the $75.50 - $76.00 level for major daily chart support. It should be noted that GILD stock broke out to the upside on August 30th around this area. This level should be a solid level for a bounce when it is retested.
Nicholas Santiago
InTheMoneyStocks
Consumer Staples Get Whacked, But Trade Levels Are Near
This morning, the leading consumer staples stocks are selling off sharply. Stocks such as Kimberly Clark Corp(NYSE:KMB), Procter & Gamble Co(NYSE:PG), Clorox Co(NYSE:CLX), and Colgate-Palmolive Company(NYSE:CL) remain under pressure since the opening bell. It should be noted that all of these stocks have struggled since late June. Many of these stocks are now nearing important support levels for a trade.
Kimberly Clark Corp(NYSE:KMB) is a leading consumer staple stock that is trading lower today. The stock has been selling off since June 26, 2017 when it traded as high as $134.29 a share. Since that pivot high the stock has plunged to $116.63 a share. Traders and investors should now watch the $115.00 level for major support. This is where the stock broke out in January 2017. Often, when a stock retests a break-out level it will serve as major support and be defended by the institutional money.
Nicholas Santiago
InTheMoneyStocks
F5 Networks Inc (NASDAQ:FFIV) Has Fallen And Can't Get Up
Many traders and investors are asking me if this is a good time to buy F5 Networks Inc (NASDAQ: FFIV). The simple answer is no! This stock has been declining since March when it traded as high as $149.50 a share. Today, FFIV stock is trading around $118.80 a share. Traders and investors should note that the stock has been forming a bearish consolidation pattern as it hovers along the weekly chart 200 period moving average. This chart formation will usually lead to lower price soon. Traders and investors that are looking to buy FFIV stock must now look at the $102.00 - $103.00 price area. This is where the institutional money defended the stock in March 2016 and will likely support it again when retested.
Nicholas Santiago
InTheMoneyStocks
This Is Why Amazon (AMZN) Will Drop To $850/Shares Within Weeks
Shares of Amazon Inc. (NASDAQ:AMZN) continue to fall, now trading at $938 from an all-time high of $1,083.41. I am here to warn investors that the bottom is not even close to being in. Based on a head and shoulder bearish chart pattern, a calculated target for a bottom is not until it hits $845.00. The key for this next major leg down is when Amazon breaks $935 on a closing basis. Once that happens, Amazon starts a quick trek lower to $845.00. See the chart below for details.
Gareth Soloway
InTheMoneyStocks
Has Anyone Looked At The Drop In Visa Inc (NYSE:V)?
Today, leading credit card processing company Visa Inc(NYSE:V) is falling lower by $2.22 to $103.35 a share. The stock's 50-day moving average is now at $102.38, this level would be important support if Visa stock price tagged it today. The better support level for Visa Inc stock would be around the $100.00 area. This major chart level presents a nice whole round number and a gap fill support level from August 11th, 2017. This level should provide solid near term support when tested.
Nicholas Santiago
InTheMoneyStocks
Is Lennar Corp(NYSE:LEN) Signaling Lower Prices For Home-builders?
Leading home-builder stock Lennar Corp(NYSE:LEN) has been steadily falling since June 20, 2017. At that time, the stock traded as high as $55.75 a share, since then LEN shares have declined to $50.32 a share. The stock is now trading below its 50-day moving average which puts it in a weak technical position. Should LEN stock trade and close below its 200-day moving average it would be very negative for the stock. Traders and investors will need to watch the $46.00 to $47.00 level as the next major support area for LEN stock. This will likely be a very attractive level for a bounce in the share price.
Nicholas Santiago
InTheMoneyStocks
$AAPL Falls Sharply, Here Is The Price To Buy It!
Shares of Apple Inc. (NASDAQ:AAPL) fell sharply on Wednesday, as more and more analysts are questioning if the iPhone X is good enough to cause a super-cycle upgrade. Coming off all-time highs, expectations had been built into Apple Inc. of a massive upgrade cycle. This worry will continue as the latest iPhone is set to be delayed until early 2018. This means months of question marks. I expect Apple Inc. to continue its decline until it hits major support at $142.00. This $142 level represents a major trend line of support as well as the daily 200 moving average. The combination of these two support levels will create a strong bounce back to $150.00. I plan to profit on that move.
Gareth Soloway
InTheMoneyStocks
Best Buy Inc(NYSE:BBY) Is Not A Buy Just Yet
The leading electronics retailer Best Buy Inc(NYSE:BBY) has tumbled lower again after presenting lackluster guidance at its Investor Day conference. The reality is that the stock topped out on August 24th at $63.32 a share. Since that high pivot in the stock the shares have declined to $52.50 where it is trading today. According to some larger time frame charts this stock should not have major support until the $46.75 level. This tells us there could be more short term pain in the cards for BBY stock. Traders should note that the 446.75 level is where the stock broke out in March 2017. This level should serve as major support when retested.
Nick Santiago
www.inthemoneystocks.com
Sealed Air (NYSE:SEE) Deflates
Sealed Air(NYSE:SEE) is a leader in the non-paper container and packaging sector. The company is engaged in food safety and security, facility hygiene and the product protection business. SEE stock has been steadily declining since April when it traded as high as $52.83 a share. Since that high pivot the stock has slid down to the $41.57 area where it is trading today. The stock is now trading below its important 50 and 200-day moving averages. This puts the stock in a very weak technical position on the charts. Currently, the stock is oversold in the short term, so short term bounces are possible. The better support level for SEE stock will be around the $36.00 level. This is an area where the stock broke out in 2014. Often, prior breakout area will be defended by the institutional money when back tested. Stay tuned as I will be looking to trade this on the long side around this major support level.
Nicholas Santiago
InTheMoneyStocks
Teva Pharmaceutical Industries (TEVA) Completes This Bullish Retrace
Shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) ran from $15.00 to $20.00 in two days, just over a week ago. Since then, the stock has gradually pulled back. This price action is known as consolidation and an inside-bar bullish setup. The inside-bar bullish setup is almost complete with Teva Pharmaceutical Industries kissing the daily 20 moving average at $16.75. This is where it should begin to form some sort of base and begin its next leg up. I am very bullish on Teva Pharmaceutical Industries, especially after they landed a new CEO and saw some analyst upgrades. I believe the stock will see $25 by early 2018.
Gareth Soloway
InTheMoneyStocks
Swing Trade Alert : Simon Property Group (SPG) On The Verge Of Big Breakout
Shares of Simon Property Group Inc (NYSE:SPG) are on the verge of a big breakout. This real estate play has been hammered for over a year as they mainly focus on shopping malls and strip malls. Considering the performance of brick and mortar retail stocks, it is no surprise Simon Property Group has been in a major bear market. However, just recently retail stocks like $JCP, $M and others have surged as much as 20%. This is a positive for Simon Property Group and investors should expect at least half that gain (10%). Simon Property Group is on the verge of breaking above a major trend line. Once that happens it should ignite to a target of $175-$180. I am a buyer on this breakout.
Gareth Soloway
InTheMoneyStocks
Serving It Up On A DISH Network Corp
One leading communications stock that has been under pressure over the past two months is DISH Network Corp(NASDAQ:DISH). This stock peaked out in July around the $66.50 level. Since that peak the share price has fallen down to $52.55. Unfortunately, the pattern in the stock tells me that there is further downside in the shares before it makes a significant bottom. My downside projection tells me that the shares of DISH will likely decline into the $46.50 area. This is a level that should be defended by the institutional money. Keep this stock on the radar as I will likely be a buy(long trade) around this area.
Nicholas Santiago
InTheMoneyStocks
Where Could Equifax Inc (NYSE:EFX) Make Landfall?
Last week, it was reported that the leading credit services company Equifax Inc (NYSE:EFX) faced a severe data breach. The breach could impact 143 million U.S. consumers. This news sent the stock price of the company tumbling lower. The stock was trading at around $140.00 a share before the news of the data breach. Today, EFX stock is trading at $111.22 a share.
Traders and investors should note that when a stock declines in this type of pattern such as EFX the selling can be violent and long. Many traders might remember when Target Corp (NYSE:TGT) reported its data breach, the selling was sharp and the stock has still not recovered from its decline. EFX stock will have some near term support around the $100.00 level, but the stronger chart support will be around the $92.50 area. This chart support level was tested in February 2016 and should be solid support when retested for the EFX share price.
Nicholas Santiago
InTheMoneyStocks