Shares Of Applied Optoelectronics (AAOI) Near Key Bounce Level Shares of tech growth stock Applied Optoelectronics Inc (NASDAQ:AAOI) are nearing the daily 200 moving average at $51.00. Just two months ago Applied Optoelectronics was trading above $100.00. This means it will be a 50% haircut. I believe investors can buy Applied Optoelectronics at the daily 200 moving average for a swing trade bounce for at least 10%. I personally plan to buy anywhere between $50-$51. Gareth Soloway InTheMoneyStocks
Major Chart Support Coming Up For This Leading Stock! United Technologies Corporation (NYSE:UTX) is a leading provider of technology products and services to the building systems and aerospace industries around the world. This company recently struck a deal to acquire Rockwell Collins(NYSE:COL) for $140.00 a share. As usual, when a company buys another business the stock price will often suffer in the near term. That has been the case with United Technologies Corporation (NYSE:UTX). UTX stock peaked out on July 12, 2017 at $124.78 a share. Since that high pivot the stock has declined down to $110.00 a share. Traders should note that the 200-week moving average sits around $108.66 and this level should serve as solid near term support for the stock price. This stock is now on my radar for a potential buying opportunity. Nicholas Santiago InTheMoneyStocks
Where Could Equifax Inc (NYSE:EFX) Make Landfall? Last week, it was reported that the leading credit services company Equifax Inc (NYSE:EFX) faced a severe data breach. The breach could impact 143 million U.S. consumers. This news sent the stock price of the company tumbling lower. The stock was trading at around $140.00 a share before the news of the data breach. Today, EFX stock is trading at $111.22 a share. Traders and investors should note that when a stock declines in this type of pattern such as EFX the selling can be violent and long. Many traders might remember when Target Corp (NYSE:TGT) reported its data breach, the selling was sharp and the stock has still not recovered from its decline. EFX stock will have some near term support around the $100.00 level, but the stronger chart support will be around the $92.50 area. This chart support level was tested in February 2016 and should be solid support when retested for the EFX share price. Nicholas Santiago InTheMoneyStocks
Serving It Up On A DISH Network Corp One leading communications stock that has been under pressure over the past two months is DISH Network Corp(NASDAQISH). This stock peaked out in July around the $66.50 level. Since that peak the share price has fallen down to $52.55. Unfortunately, the pattern in the stock tells me that there is further downside in the shares before it makes a significant bottom. My downside projection tells me that the shares of DISH will likely decline into the $46.50 area. This is a level that should be defended by the institutional money. Keep this stock on the radar as I will likely be a buy(long trade) around this area. Nicholas Santiago InTheMoneyStocks
Swing Trade: Simon Property Group (SPG) On The Verge Of Big Breakout Shares of Simon Property Group Inc (NYSE:SPG) are on the verge of a big breakout. This real estate play has been hammered for over a year as they mainly focus on shopping malls and strip malls. Considering the performance of brick and mortar retail stocks, it is no surprise Simon Property Group has been in a major bear market. However, just recently retail stocks like $JCP, $M and others have surged as much as 20%. This is a positive for Simon Property Group and investors should expect at least half that gain (10%). Simon Property Group is on the verge of breaking above a major trend line. Once that happens it should ignite to a target of $175-$180. I am a buyer on this breakout. Gareth Soloway InTheMoneyStocks
Teva Pharmaceutical Industries (TEVA) Completes This Bullish Retrace Shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) ran from $15.00 to $20.00 in two days, just over a week ago. Since then, the stock has gradually pulled back. This price action is known as consolidation and an inside-bar bullish setup. The inside-bar bullish setup is almost complete with Teva Pharmaceutical Industries kissing the daily 20 moving average at $16.75. This is where it should begin to form some sort of base and begin its next leg up. I am very bullish on Teva Pharmaceutical Industries, especially after they landed a new CEO and saw some analyst upgrades. I believe the stock will see $25 by early 2018. Gareth Soloway InTheMoneyStocks
Sealed Air (NYSE:SEE) Deflates Sealed Air(NYSE:SEE) is a leader in the non-paper container and packaging sector. The company is engaged in food safety and security, facility hygiene and the product protection business. SEE stock has been steadily declining since April when it traded as high as $52.83 a share. Since that high pivot the stock has slid down to the $41.57 area where it is trading today. The stock is now trading below its important 50 and 200-day moving averages. This puts the stock in a very weak technical position on the charts. Currently, the stock is oversold in the short term, so short term bounces are possible. The better support level for SEE stock will be around the $36.00 level. This is an area where the stock broke out in 2014. Often, prior breakout area will be defended by the institutional money when back tested. Stay tuned as I will be looking to trade this on the long side around this major support level. Nicholas Santiago InTheMoneyStocks
Best Buy Inc(NYSE:BBY) Is Not A Buy Just Yet The leading electronics retailer Best Buy Inc(NYSE:BBY) has tumbled lower again after presenting lackluster guidance at its Investor Day conference. The reality is that the stock topped out on August 24th at $63.32 a share. Since that high pivot in the stock the shares have declined to $52.50 where it is trading today. According to some larger time frame charts this stock should not have major support until the $46.75 level. This tells us there could be more short term pain in the cards for BBY stock. Traders should note that the 446.75 level is where the stock broke out in March 2017. This level should serve as major support when retested. Nicholas Santiago InTheMoneyStocks
$AAPL Falls Sharply, Here Is The Price To Buy It! Shares of Apple Inc. (NASDAQ:AAPL) fell sharply on Wednesday, as more and more analysts are questioning if the iPhone X is good enough to cause a super-cycle upgrade. Coming off all-time highs, expectations had been built into Apple Inc. of a massive upgrade cycle. This worry will continue as the latest iPhone is set to be delayed until early 2018. This means months of question marks. I expect Apple Inc. to continue its decline until it hits major support at $142.00. This $142 level represents a major trend line of support as well as the daily 200 moving average. The combination of these two support levels will create a strong bounce back to $150.00. I plan to profit on that move. Nicholas Santiago InTheMoneyStocks
Is Lennar Corp(NYSE:LEN) Signaling Lower Prices For Home-builders? Leading home-builder stock Lennar Corp(NYSE:LEN) has been steadily falling since June 20, 2017. At that time, the stock traded as high as $55.75 a share, since then LEN shares have declined to $50.32 a share. The stock is now trading below its 50-day moving average which puts it in a weak technical position. Should LEN stock trade and close below its 200-day moving average it would be very negative for the stock. Traders and investors will need to watch the $46.00 to $47.00 level as the next major support area for LEN stock. This will likely be a very attractive level for a bounce in the share price. Nicholas Santiago InTheMoneyStocks
