Trade of the Day

Trade of the Day: FB Stock Gearing up for Another Breakout

Shares of Facebook continue to grind higher and now looks to be coiling up for another move higher toward a well-defined next upside target.

Trade of the Day: Verizon Stock Coiling for a Break Higher

VZ stock has traded in an increasingly bullish pattern of late. This could translate into a chart breakout.

Trade of the Day: Intuit Stock Hanging on by a Thread

After falling 15% from recent highs, INTU stock's chart points to further weakness ahead. This stock continues to show absolute and relative weakness.

Trade of the Day: Schlumberger Stock Is a Catch-Up Play

Energy stocks like Schlumberger SLB stock in recent weeks have begun showing signs of life after notable underperformance. This could bode well into year-end and into 2020.

Trade of the Day: Warm up With Campbell Soup Stock

CPB stock rallied following the company's latest earnings report. Despite a marginally lowered outlook CPB stock held in well and on the charts scored a technical breakout that could serve it well in coming weeks.

Trade of the Day: Dollar Tree Stock Becoming a Penny Bargain

DLTR stock fell more than 20% over the past few trading sessions. From a price action perspective in the near term the stock is now getting markedly oversold and ripe for a tradeable bounce.

Trade of the Day: The Year-End Bull Case for the Russell 2000

The IWM ETFtrotted sideways for most of the year after a rally in January and February. The recent breakout attempt however is getting attention and could indeed result in more upside through year-end 2019.

Trade of the Day: Canopy Growth Leaves Bullish Mark on the Charts

Cannabis stocks like CGC stock rallied on November 20th, which in turn left a notable bullish mark behind on the chart. All else being equal this now calls for more upside in the stock.

Trade of the Day: Home Depot Stock Points Lower Still

HD stock tumbled more than 5% on Tuesday November 19th after the company's latest earnings report. Through the lens of technical analysis Tuesday's price action qualifies as a so called 'bearish reversal,' which is to say that HD stock may have lower to go in coming days/weeks.

Trade of the Day: KSU Stock Is Losing Steam

KSU stock has rallied in near-vertical fashion in recent weeks and at this stage is notably overbought. It sets up for a short-side play.

Trade of the Day: A Cost-Effective Bullish Trade in CMG Stock

The recent retracement in CMG stock was a much needed reprieve and the stock now looks ready to make another rally attempt. Additionally, the options market currently offers affordable ways to buy CMG stock for a trade.

Trade of the Day: THC Stock Offers Bearish Opportunities

After a near vertical rally, THC stock is now dangerously overbought in the near term, offering opportunity to the bears with a well-defined downside target.

Trade of the Day: A McRebound Trade in MCD Stock

On the charts, MCD stock has reached a notable area of technical support where a tradeable bounce is likely to occur.

Trade of the Day: GRMN Stock Losing Orientation on the Upside

The latest rally in GRMN stock has taken it into parabolic overshooting mode. A short-side trade is setting up for active investors and traders.

Trade of the Day: Chase AAPL Stock Higher at Your Own Risk

It has been another impressive year for AAPL stock, but it has now reached a critical technical inflection point just as the company is about to report earnings. Chase AAPL stock higher from here at your own risk...

Trade of the Day: More Pain Ahead for TXN Stock

TXN stock fell hard on October 23rd following the company's latest earnings report. As a result the stock also sliced through some important near term technical support areas and the path of least resistance points lower still.

Trade of the Day: Johnson and Johnson Stock’s Dip Is Signal for the Bulls

JNJ stock while largely flat in terms of performance for the year-to-date has dropped nearly 10% over the past few trading days, bringing it to a well-defined support area. This, coupled with a still attractive dividend yield should get the bulls' attention.

Trade of the Day: High-Yield HYG ETF Screams a Bearish Setup

The HYG etf has largely trotted sideways over the past couple of years and increasingly is tracing out a concerning pattern that ultimately could result to plenty of downside.

Trade of the Day: Nvidia Stock Points Lower Again

Among the victims of stock market volatility of late are the semiconductor and related stocks such as Nvidia. NVDA stock recently rejected a technically important area on its chart and now points lower again.