Has Anyone Looked At The Drop In Visa Inc(NYSE:V)? Today, leading credit card processing company Visa Inc(NYSE:V) is falling lower by $2.22 to $103.35 a share. The stock's 50-day moving average is now at $102.38, this level would be important support if Visa stock price tagged it today. The better support level for Visa Inc stock would be around the $100.00 area. This major chart level presents a nice whole round number and a gap fill support level from August 11th, 2017. This level should provide solid near term support when tested. Nicholas Santiago InTheMoneyStocks
This Is Why Amazon (AMZN) Will Drop To $850/Shares Within Weeks Shares of Amazon Inc. (NASDAQ:AMZN) continue to fall, now trading at $938 from an all-time high of $1,083.41. I am here to warn investors that the bottom is not even close to being in. Based on a head and shoulder bearish chart pattern, a calculated target for a bottom is not until it hits $845.00. The key for this next major leg down is when Amazon breaks $935 on a closing basis. Once that happens, Amazon starts a quick trek lower to $845.00. See the chart below for details. Gareth Soloway InTheMoneyStocks
F5 Networks Inc (NASDAQ:FFIV) Has Fallen And Can't Get Up Many traders and investors are asking me if this is a good time to buy F5 Networks Inc (NASDAQ: FFIV). The simple answer is no! This stock has been declining since March when it traded as high as $149.50 a share. Today, FFIV stock is trading around $118.80 a share. Traders and investors should note that the stock has been forming a bearish consolidation pattern as it hovers along the weekly chart 200 period moving average. This chart formation will usually lead to lower price soon. Traders and investors that are looking to buy FFIV stock must now look at the $102.00 - $103.00 price area. This is where the institutional money defended the stock in March 2016 and will likely support it again when retested. Nicholas Santiago InTheMoneyStocks
Consumer Staples Get Whacked, But Trade Levels Are Near This morning, the leading consumer staples stocks are selling off sharply. Stocks such as Kimberly Clark Corp(NYSE:KMB), Procter & Gamble Co(NYSEG), Clorox Co(NYSE:CLX), and Colgate-Palmolive Company(NYSE:CL) remain under pressure since the opening bell. It should be noted that all of these stocks have struggled since late June. Many of these stocks are now nearing important support levels for a trade. Kimberly Clark Corp(NYSE:KMB) is a leading consumer staple stock that is trading lower today. The stock has been selling off since June 26, 2017 when it traded as high as $134.29 a share. Since that pivot high the stock has plunged to $116.63 a share. Traders and investors should now watch the $115.00 level for major support. This is where the stock broke out in January 2017. Often, when a stock retests a break-out level it will serve as major support and be defended by the institutional money. Nicholas Santiago InTheMoneyStocks
Gilead Sciences Inc (NASDAQ:GILD) Retreats, Watch This Trade Level Today, leading biotechnology company Gilead Sciences Inc (NASDAQ: GILD) is trading lower by $2.24 to $81.62 a share. The stock is pulling back from an overbought condition on the charts. GILD stock put a recent high in the charts at $86.26 on September 8th. This tells me that the current decline in the stock should be just a minor fall. Traders and investors should watch the $75.50 - $76.00 level for major daily chart support. It should be noted that GILD stock broke out to the upside on August 30th around this area. This level should be a solid level for a bounce when it is retested. Nicholas Santiago InTheMoneyStocks
Why I Alerted Investors To Buying Puts On The $XLE (Oil Stocks) The Energy Select Sector SPDR (ETF)(NYSEARCA:XLE) is a strong short in my opinion. This comes from pure technical analysis. First, the $XLE hit the daily 200 moving average, after surging since mid-August from under $62.00 to a high today of $68.90. This is a monster move in a very short time frame. Next, oil is trading in the upper range around $52.00. Just weeks ago it was near $45.00 at the low end of the range. This range has been active for most of 2017 and continues to hold. Next, the $XLE is pulling back off the daily 200 moving average forming a topping tail. Topping tails are great reversal signals. Off these factors, I alerted members to buy puts on the $XLE. I expect the price of the $XLE to fall to $66.00 - $66.50. Gareth Soloway InTheMoneyStocks
Netflix Inc (NASDAQ:NFLX) Fails At Double Top, Now What? Netflix Inc (NASDAQ:NFLX) is a leading internet streaming content provider. The stock has been a major winner in 2017, but it failed to break out to new highs recently. NFLX stock topped out on July 21, 2017 at $191.50 a share. The stock price challenged that July top on September 2, 2017 but was rejected and has pulled back over the past few weeks. Currently, the stock is trading at $178.89 a share. The daily chart pattern is also very weak as it is a bear flag formation. This chart setup tells us that the stock could trade down to the $166.50 level on the daily chart before finding major chart support. Please remember, Netflix Inc will report earning on October 16, 2017 which is always difficult period to predict the direction of the stock. Nicholas Santiago InTheMoneyStocks
MGM Resorts International (NYSE:MGM) Trade Level You Should Know As you all know, leading casino stock MGM Resorts International(NYSE:MGM) has been under pressure since the horrific shooting in Las Vegas this past Sunday. MGM stock has declined steadily lower since September 7, 2017 when the stock traded as high as $34.65 a share. Traders and investors should note that the stock should have major daily and weekly chart support around the $28.50 area. This is a level where the stock broke out in April 2017. Often, when stocks retest their prior breakout levels they will be supported and defended by the institutional money. Nicholas Santiago InTheMoneyStocks
Bullish Pattern Breakout Alert On QUALCOMM $QCOM... Shares of QUALCOMM, Inc. (NASDAQ:QCOM) are on the verge of a major breakout. There is an inverse head and shoulder pattern in play. Price is right up against the neck-line, the breakout point. If price can push over $52.30, it should engage, sending the stock close to $57.00. See the stock chart below. Gareth Soloway InTheMoneyStocks
