This Leading Biotechnology Level Should Be On The Radar One of the leading biotechnology stocks in the world is Celgene Corporation (NASDAQ:CELG). This company discovers, develops, and commercializes therapies to treat cancer and inflammatory diseases. Celgene stock topped out on March 17th at $127.64 a share. Today, Celgene stock is trading at $116.97 a share. Traders can easily see that this leading biotechnology stock has been trending lower on the charts lately. The stock now has major chart support around the $110.00 level. This is an area where the major institutional money supported the equity back in December 2016. Often, old pivot levels will serve as major chart support when retested. Nicholas Santiago InTheMoneyStocks
Watch This Trade Level For Foot Locker Inc One of the leading retail companies of athletic shoes and apparel is Foot Locker Inc (NYSE:FL). The stock has been selling off since late April 2017. At that time, the stock traded as high as $77.86 a share. Today, the sports apparel retailer is trading at $55.35 a share. FL stock also tumbled by about 15.0 percent after reporting earnings on May 19th, 2017. The stock has been steadily declining since that earnings release. Traders and investors should now watch the $50.00 to $51.00 area for the next major support level. This is a solid double bottom chart level from June 2016. Often, prior support levels from the past will also be support by the institutional money when retested. This is a chart level where traders should look for a bounce in the stock. Nicholas Santiago InTheMoneyStocks
This Stock Chart Is An Obvious Buy For Smart Investors Retail has been showing signs of life lately. One of my favorite bullish chart setups is Ralph Lauren Corp (NYSE:RL). The stock took a nose dive from $84 to $66 in May. Over the last two weeks the stock popped up and has stayed near the highs and moved sideways. This pattern formation is known as a bull flag and is extremely bullish for another surge in the coming days. I am loving this chart setup and looking to buy some on the long side. The upside target for Ralph Lauren Corp is $77.50. This would be an over 10% profit once achieved. Gareth Soloway InTheMoneyStocks
Know This Trade Level For This Leading Transportation Stock C.H. Robinson Worldwide, Inc.(NASDAQ:CHRW) is a leading provider of transportation services and logistics solutions throughout most of the world. It should be noted that CHRW stock topped out in March at $81.16 a share. Since that pivot top the stock has declined to its current share price of $67.14. Traders can easily see that this stock is in a weak technical position. CHRW stock price is trading below its 50 and 200-day moving averages. The next major chart support level for CHRW stock is around the $63.23 level. This is an area where the stock was defended by the institutional money back in February 2016. This important chart level is an area where the stock will likely find major support and stage a bounce in the share price. Nicholas Santiago InTheMoneyStocks
Major Chart Support: Walt Disney Co Shares of Walt Disney Co (NYSEIS) are within pennies of the daily 200 moving average. Moving averages are usually major support or resistance. As price is falling down into the 200 moving average, investors should view the 200 moving average as support. In just a six weeks, Walt Disney has fallen from over $116 to this $104 key support. That is a big fall for this mega sized company. I personally view it as an indictment on the economy. Basically, it may be saying the economy is weakening and Walt Disney Co is the leading indicator. Investors can look for a quick technical bounce off the daily 200 moving average. But after that bounce of 5% or so, investors should exit. Ultimately, I see Walt Disney going even lower. Nicholas Santiago InTheMoneyStocks
Learn To Read The Charts And Make Money Last week, one of my favorite patterns developed on the daily and weekly stock chart of Seagate Technology PLC(NASDAQ:STX). This is a chart formation that has helped me make money on countless occasions with a very small failure rate. Well, the pattern just worked again for profit of over 40.0 percent in just one week. Members continue to benefit from the knowledge of chart reading. You see, the chart pattern is simply a footprint of human nature. It gives us a really good picture of the money flow into and out of a particular stock. In this case, the money was coming out of STX stock and the chart pattern told us that. The chart pattern also told me that the stock would likely breakdown around this time. This is why it is so important for traders and investors to get educated in reading and understanding charts. I'm expecting the second half of 2017 to be much more volatile and choppy than the first half of this year was. Honestly, anyone could have made money after the election by just buying an index fund. Those days are coming to an end as we approach the second half of 2017. It will be critical to know and understand the technical picture of the price charts. Get ready, the recent two day drop in the NASDAQ is just a preview of what is to come later this year. There are lots of trading opportunities on the horizon if you can simply understand the stock chart patterns and formations that reveal themselves every trading day. Nicholas Santiago InTheMoneyStocks
Here Is The Price Point Where I Would Be Willing To Buy Amazon Shares of Amazon (NASDAQ:AMZN) are in full correction mode. After hitting a 1,016.50 late last week, the stock collapsed. Today, the low is $945.00. I cannot tell you how many investors are itching to buy the 5% drop. I am here to say it will go lower. While bounces will occur, they are low reward and high risk. The very first level I am interested in buying is the $847.00 price point. This is a high reward, low risk technical chart level as seen below. At this price point, Amazon would be down 15% from the all-time highs. A 7-10% bounce would be likely off this level and a high reward swing trade. Gareth Soloway InTheMoneyStocks
Starbucks Corporation (NASDAQ:SBUX) Gets Roasted, Watch This Trade Level Starbucks Corporation (NASDAQ:SBUX) is a leading marketer and retailer of coffee products around the world. Recently, the stock peaked out on June 5th, 2017 at $45.87 a share. Since that pivot top in the stock the shares have declined to $60.81 a share. Today, the stock is sitting right on the 50-day moving average which could be viewed as short term support. Traders should also watch the $59.50 level for even stronger chart support. This is a major retrace level and also the support levels from April 28, 2017 and May 18, 2017. Often the past support levels will serve as major support when retested. Nicholas Santiago InTheMoneyStocks
Cheniere Energy, Inc. Gets Slammed This morning, crude oil is declining lower by nearly 4.0 percent. This is causing most energy stocks to sell off. Even energy stocks that are focused on natural gas are coming under severe pressure. Cheniere Energy, Inc.(NYSEMKT:LNG) is a company that is a leader in the liquified natural gas sector. This stock just made a recent high on the chart at $51.41 a share on May 25, 2017. Today, LNG stock is trading lower by $1.58 to $46.72 a share. Traders and investors should note that this stock will have major institutional chart support around the $41.50 area. This is a spot on the chart where the stock broke out to the upside in January 2017. This level should be defended again when it is retested. Nicholas Santiago InTheMoneyStocks
Trade Alert: Head & Shoulder Breakdown At Hand On Alcoa Corp ($AA) Shares of Alcoa Corp (NYSE:AA) have an ugly head and shoulder pattern formation on the stock chart. While the head and shoulder pattern has not triggered yet, it is on the verge. If it triggers, there is huge downside to $23.00. The current price is $31.50. That means there is potential downside on Alcoa Corp of 27%. The key for investors is to watch for the neck-line to break. That is at approximately $31.00. Keep in mind, it needs to be a daily close below $31 to trigger. Once that happens, game on! Head and shoulder patterns are nasty and Alcoa Corp has a beautiful one. [/B] Gareth Soloway InTheMoneyStocks
Where Is The Trade Level For Hain Celestial One of the leading organic and natural food products companies in the world is Hain Celestial Group, Inc. (NASDAQ:HAIN). This stock has been trading in a very narrow and sideways range since August 2016. This is when the stock plunged by nearly $20.00 a share. You see, on August 12th, 2016 HAIN stock was trading as high as $56.99 a share, today the stock trades at $35.13 a share. So where is the trade? The stock should have a major institutional support level around the $30.75 area. This is a level where the stock was supported back in early 2013. It is important to note that prior institutional support levels will often be major buying opportunities when retested. Keep HAIN stock on the radar around this level. Nicholas Santiago InTheMoneyStocks
