Archer Daniels Midland Co (NYSE:ADM) Plunges After Earnings, Is There A Trade? This morning, leading agriculture company Archer Daniels Midland Co (NYSE:ADM) is plunging lower after reporting earnings. Today, the stock is falling by over 3.50 percent after reporting a Q1 sales miss. The next major support level for ADM stock will be much lower. Traders and investor will have to look at the $36.00 area for solid institutional chart support. Please understand, this stock is already severely oversold after today's decline so there could be minor bounces in the near term due to the current oversold condition. Nicholas Santiago InTheMoneyStocks
This Is Why Investors Should Be Bullish Into Gilead Sciences $GILD Earnings Gilead Sciences, Inc. (NASDAQ:GILD) reports earnings after the stock market closes on Tuesday, May 2nd, 2017. I am bullish ahead of this report based on the stock chart. In the last week, Gilead Sciences broke above the daily 50 moving average and has since consolidated in a bullish flag pattern. In addition, the stock continues to trade just off 52 week lows, meaning expectations are low from investors. The company holds a ton of cash as well adding to their strength. I have an upside target on Gilead Sciences $73.50. This is a gap fill and close to the 200 moving average resistance. Analysts expect earnings of $2.37 per share on revenue of $6.68 billion. Nicholas Santiago InTheMoneyStocks
Trade Alert: United States Steel $X Large Bounce Expected Here... I issued a buy trade alert today when United States Steel Corp (NYSE:X) briefly went below $21. The buy level we grabbed it at was $20.96 based on a monster support gap fill (technical analysis). U.S. Steel Corp has dropped from the $42 range as well, meaning it is down 50% in the last four months. Being extremely oversold in conjunction with major support gave me the signals I needed to issue this buy. I am expecting a sharp bounce in the coming days and weeks. The max upside is $28 for patient investors but I will most likely sell when it hits the recent gap window of $24.25. Technical trade setups like this are fantastic. Gareth Soloway InTheMoneyStocks
Crude Oil Takes This Oil Services Stock Down, Watch This Trade Level Today, crude oil is tumbling lower by more than 2.0 percent to $45.75 a barrel. The recent fall in oil prices has certainly hurt many of the leading energy stocks. The oil services sector has been hit particularly hard recently. This industry group can be followed by tracking the VanEck Vectors Oil Services ETF (NYSEARCA:OIH). This ETF is now nearing major support on the charts. One leading oil services stock that has fallen sharply has been Schlumberger Limited (NYSE:SLB). This stock has been falling since the start of 2017 when it traded as high as $87.84 a share. Today, SLB stock is trading around $70.55 a share. This stock has a very attractive support level around the $70.00 area. This is an area where the stock broke out in January 2016. Often, past breakout points are very good support levels when retested. Nicholas Santiago InTheMoneyStocks
Akamai Continues To Tumble, Know This Trade Level Last week, leading content delivery network (CDN) provider Akamai Technologies Inc (NASDAQ:AKAM) sold off after reporting earnings. The stock peaked out in February at around $71.00 a share. Today, AKAM stock is trading at $51.25 a share. So is this stock now a value play? Not so fast, AKAM stock should still have a bit more downside pressure before it flushes out all of the sellers. Traders and investors should now watch the $48.00 area for a significant low in the stock. This is an area where the stock actually broke out in February 2016. This should be a level where the institutions will likely step in and support the stock. Here's the trade, buy AKAM at $48.00 with a weekly chart stop loss below $45.00. The upside in this stock is for a move back to $55.00 and possibly higher. Nicholas Santiago InTheMoneyStocks
Michael Kors Holdings $KORS Attempting Breakout Here... Shares of Michael Kors Holdings Ltd (NYSE:KORS) are attempting to breakout today. The stock is currently trading at $38.47. Based on current charting, a close above $38.50 will likely send it to $41.30 within a week or two. The $41.30 level is a gap fill, known in technical analysis as resistance. This is a solid chart breakout play for investors who trade off the stock charts. Michael Kors Holdings is bullish here and likely to make money for those buying... Gareth Soloway InTheMoneyStocks
Warren Buffett Crushes IBM (NYSE:IBM), Where's The Trade? Last week, Warren Buffett revealed to the public that he sold 30.0 percent of his stake in International Business Machines Corporation (NYSE:IBM). This news caused the stock to plunge by nearly $5.00 on May 5th, 2017. It should be noted that IBM stock traded above $180.00 a share in early March. Today, IBM stock is trading around $151.70 a share. Is there a trade level for IBM stock? Yes, IBM stock has several attractive bounce levels approaching for short term trades. The first chart area that looks very interesting for support is around $149.84. This trade area was an institutional buy level for IBM stock back in October 2016. Traders and investors could buy IBM at this level and put a weekly chart stop loss below $147.00. The upside target on the trade would be for a move back to $157.00. Nicholas Santiago InTheMoneyStocks
This Signals A Big Sell Alert On Alibaba $BABA... Shares of Alibaba Group Holding Ltd (NYSE:BABA) are running into a major double top high pivot from November 2014. The price point of the double top is $120.00. Based on chart technical analysis, Alibaba Group Holding should pull back in the coming weeks after touching this point. The downside target is $108.00, meaning there is a $12 reward for investors willing to short the ecommerce company. Earnings are set to be reported on the morning of May18th. Note the chart below... Gareth Soloway InTheMoneyStocks
Know This Trade Level For This Leading Bio-Tech Stock One of the leading biotechnology stocks that has been under pressure recently is Biogen Inc (NASDAQ:BIIB). This stock has been selling off since the company reported earnings on April 25th, 2017. On that day, BIIB stock traded as high as $291.90 a share. Since that time, the bio-tech giant has dropped lower by nearly $34.00. Currently, BIIB stock is trading at $258.86 a share. Traders and investors should note that the charts are signaling institutional support around the $250.00 area. This is a solid whole round number that the institutional traders and investors usually like to play. It is also a level where the stock was defended in the past. Traders should note that this trade level was chart support in late January 2017 and late October 2016. Very often, past support levels will be solid levels for bounces when retested. Nicholas Santiago InTheMoneyStocks
