Trade of the Day

Trade of the Day: Palo Alto Networks Inc Sets Up for a Next Leg Higher

On June 12, PANW stock accomplished an important technical feat that now sets up a bullish trade with well-defined reward to risk for traders and active investors alike.

Trade of the Day: Bank of America Corp Stock Could Be the Next to Rally

Shares of large-cap U.S. bank stocks like Bank of America rallied on Wednesday, helping push the broader market higher. As a result, BAC stock is setting up for a trade.

Trade of the Day: VMware, Inc. Stock Is a Breakout Candidate

VMW stock lagged the broader tech sector in May but over the past few trading sessions looks to be waking up. Try VMware from the long side.

Trade of the Day: Amgen, Inc. Clears a Breakout Hurdle

Large-cap biotech stocks as a group rallied along with the broader stock market on Wednesday. While so doing, some big names like AMGN stock broke past key near-term technical resistance.

Trade of the Day: Paypal Holdings Inc Is Ripe for a Breakout

Despite broader stock market volatility on Tuesday, PYPL stock only traded lower 0.28%. In my eye, PayPal is not far away from another leg higher.

Trade of the Day: Two Ways to Trade Apple Inc. Stock

AAPL stock rallied alongside technology stocks on May 23 and, through the lens of technical analysis, moved to a key spot where a next Apple trade looks to be in the cards.

Trade of the Day: Netflix, Inc. Stock Attempts a Much-Anticipated Breakout

NFLX stock is performing relatively well and a breakout to new highs looks to be increasingly likely. Active traders and investors could look to buy Netflix on pullbacks or bullish reversals.

Trade of the Day: Costco Wholesale Corporation Leads the Breakout

COST stock saw a nice lift on Wednesday, and one that now has it flirting with a breakout on its charts. Active investors and traders could look to trade Costco higher if it crosses that line.

Trade of the Day: The Russell 2000 IWM ETF Is on the Verge of an Important Breakout

The IWM ETF just last week closed at a fresh all-time high. From a trading perspective, this relative and absolute strength looks promising for higher highs.

Trade of the Day: Tesla Inc Sets Up a New Short-Side Trade

Although a 3% move in TSLA stock on any given day is hardly newsworthy given its volatile nature, Monday's drop sets up a new short-side trade for active investors in Tesla.

Trade of the Day: Facebook Inc Travels Too Far, Too Fast

While through the lens of fundamental analysis FB stock in my eye has plenty going for itself, the charts for the near-term are singing a different tune.

Trade of the Day: Two Trade Ideas in General Dynamics Corporation

GD stock currently sits at an interesting technical juncture where two trades are setting up, depending on one's desired time frame, in General Dynamics.  

Trade of the Day: Bank of America Corp Is Getting Back on Its Feet for a Trade

Stocks such as Bank of America Corp (NYSE:BAC) now are getting back on their feet after a choppy first quarter. Specifically for BAC stock a next upside target is well defined,  just as a stop loss level.

Trade of the Day: A Waste Management, Inc. Stock Dumpster Trade

Shares of Waste Management are currently wedged between two well-defined technical areas. Active investors can look to place trades here as WM stock looks ready to move downward.

Trade of the Day: Chesapeake Energy Corporation Is a Falling Star That Could Rally

CHK stock is fallen star that now, however, could see a tradeable rally as a result of a broader based rally in energy stocks.

Trade of the Day: BlackRock, Inc. Stock Is a Rock-Solid Bounce Candidate

Bullish reversals have taken place on many daily charts, including on that of BlackRock. A long-side swing trade in BLK stock now is setting up against well-defined technical support.

Trade of the Day: Micron Technology, Inc. Could Head Down to Its 200-Day Moving Average

For the more nimble active investors, increased volatility brings about opportunity to trade the  market in both directions. Such is the case in the current setup in MU stock.

Trade of the Day: Apple Inc. Stock Embarks on Lower Highs

AAPL stock rallied more than 4% on Wednesday following its latest batch of earnings. Apple stock now looks to be overbought again at the upper end of its trading range.

Trade of the Day: Boeing Co Is Still Overbought

Boeing is at risk of seeing more reversion to the mean to the downside. This sets up well-defined trades to the short side for active investors and traders in BA stock in particular.