Trade of the Day
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.
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.
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.
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.
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.
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.
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.
On the charts, MCD stock has reached a notable area of technical support where a tradeable bounce is likely to occur.
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.
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...
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.
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.
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.
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.
After violating a notable technical pattern, the path of least resistance for the QQQ ETF looks to point lower toward a well-defined downside target.
AMTD stock has been in a down-trend since 2018 and the latest dive has it severely oversold, meaning a relief-bounce could be in the cards.
Over the past few weeks, MA stock has once again reached the lower end of a strong trend, which offers traders and investors a chance to enter this trend at better prices.
AMZN stock has traced out a well-defined bearish pattern on the charts and violated several key technical support areas.
FDX stock has seen wild swings throughout 2019 and these swings are continuing after the company's latest earnings report. The trajectory for FedEx continues lower.
DIS stock has been consolidating over the past four months or so, leading to a break lower and an ideal opportunity for a trade.