This Leading Waste Management Stock Is Getting Dumped This morning, leading waste management company Republic Services, Inc(NYSE:RSG) is trading lower by more than 5.0 percent on the back of a downgrade. The stock tested its 200-day moving average at $62.50 and is holding so far. Unfortunately, the daily chart pattern is signaling further downside to come for the stock. Traders and investors will now need to watch the $59.00 level for major chart support. This level is where the RSG stock broke out in February 2017. Often, when stocks retest their break-out levels they will be defended by the institutional money. Keep the $59.00 level on the radar for RSG when it trades down there. Nicholas Santiago InTheMoneyStocks
United Parcel Service (NYSE:UPS) Sinks After Amazon Invades Another Industry Amazon.com, Inc.(NASDAQ:AMZN) has announced that they will start a delivery service to compete with United Parcel Service, Inc.(NYSE:UPS), and FedEx Corporation(NYSE:FDX). While this news has been tossed around for years it looks as if Amazon.com is really about to make the move in the package delivery business. Due to the upcoming holiday season there will certainly be more than enough packages for all of the companies in the shipping and delivery sector. This does not mean that stocks such as United Parcel Service, Inc.(NYSE:UPS) and FedEx Corporation(NYSE:FDX) won't see lower stock prices in the near term. At this time, the next major daily chart support level for UPS is going to be around the $113.50 area. This is a major retrace level that will often hold as support when initially tested. Traders and investors should remember that daily chart support levels are generally good for about three to five trading sessions. Nicholas Santiago InTheMoneyStocks
Nasty Bear Flag Alert On $OLED: Here Is The Trade... Shares of Universal Display Corporation (NASDAQ:OLED) have one of the tightest, nastiest bear flag formations I have seen. There are high odds of this stock taking a major leg lower in the coming weeks. The first target is $108 and the second target is $90. The key here is the recent news from just days ago that many Asian companies are over-producing OLED displays. Asia and specifically China have a history of overproducing things and dumping them on the overall market, killing margins. This has happened with commodities like steel as well as solar panels. If true, this will hurt Universal Display Corporation's margins in a major way. The bear flag on the stock chart likely confirms the stock is heading sharply lower in the coming weeks. Gareth Soloway InTheMoneyStocks
Will Walgreens & CVS Be The Next Victims Of The Amazon.com Invasion? This past weekend every trader and investor are talking about Amazon.com moving into the drug and pharmacy business. Today, we see the two leading drug store stocks; Walgreens Boots Alliance Inc (NASDAQ:WBA) and CVS Health Corp (NYSE:CVS) drop lower on this news. It seems as if every business Amazon.com enters the leading stocks in that industry will feel its wrath. Earlier this year, many of the leading food and grocery related stocks declined sharply when Amazon.com announced that it was buying Whole Foods. Walgreens Boots Alliance Inc (NASDAQ:WBA) has been declining sharply since September 12, 2017 when it traded as high as $82.89 a share. Today, WBA stock is trading lower by $2.49 to $70.70 a share. Traders and investors must now watch the $66.50 level as the next major support area. This level is where the stock broke out in December 2014. Often prior break-out levels will be supported when retested. Nicholas Santiago InTheMoneyStocks
Why Shorting General Motors $GM Makes Dollars And Sense... Remember General Motors Company (NYSE:GM)? The automaker who was bailed out by taxpayers. The automaker who goes up or down 10% every few years depending on auto sales? Guess what?! Since September 2017, shares of General Motors Company have soared from $35 to over $45. That is a whopping gain of almost 30% in two months. It appears investors are willing to buy into the idea that hurricane Harvey and Irma will increase demand near-term for cars and China is the next big game in town General Motors will own. I don't buy it. Sorry, but while demand may increase near-term, it is not the revolution the stock price is showing. Why did I alert a short trade to members in the Research Center? There is a long term trend line that begins back in late 2010 from a pivot high and connects to another high pivot from late 2013. This trend line extends out into the current price of General Motors Company. This means not only is General Motors overvalued historically, but technically it has slammed into major resistance. I expect a pull back in shares of General Motors Company to $40.00. Gareth Soloway InTheMoneyStocks
This Leading Cyber Security Stock Just Had A Failed Breakout Traders and investors should note that the leading cyber security company Symantec Corp (NASDAQ:SYMC) just staged a failed breakout pattern on the charts. Recently, the stock tried to breakout above the $34.00 level on three separate occasions in September and early October only to fall below the $32.00 support area today. This pattern will usually be followed by more selling in the near term. Traders must now watch the 200-day moving average for short-term daily chart support. The better and stronger chart support area will be around the $27.50 level. This area was prior chart support in July and August 2017. Nicholas Santiago InTheMoneyStocks
Medtronic PLC (NYSE:MDT) Technical Outlook Leading medical device manufacturer Medtronic PLC (NYSE:MDT) has been under selling pressure since June 26th, 2017. At that time, the stock traded as high as $89.72 a share before topping out. Today, MDT stock is trading around $78.00 a share and should still have a bit more downside in the near term. Traders and investors should now watch the $74.50 level as the next major chart support area. This support level matches up nicely with the weekly 200 period moving average. It is also important to note that this area was where the stock was defended in January 2017. Nicholas Santiago InTheMoneyStocks
Three Reasons Why Bitcoin Could Be Here To Stay As you all know, crypto-currencies have been one of the hottest topics around these days. Even the J.P. Morgan Chase (NYSE:JPM) CEO, Jamie Dimon, has addressed it on numerous occasions in the past several months. The price of Bitcoin and other crypto-currencies have gained market share in the past several years. While many people call it a bubble and a fad it has weathered several storms and is now even making me a believer that it could be here to stay. Investors and users in crypto-currencies should note that they will be very volatile as they become more mainstream . It is basically a growing pain for this new technology and almost every new idea will go through big ups and downs in its infancy. Here are three reasons why crypto-currencies could be here for the foreseeable future. 1. Distrust in governments. Many people around the world are losing their trust in governments. Just look at what has happened around the world in Syria, Venezuela, Greece, Cyprus, Libya, Zimbabwe and many others nations. Even in the United States there is more division and distrust between the citizens and politicians than most can remember. This distrust will only continue over the years to come. 2. Bitcoin and other crypto-currencies use blockchain technology. This technology is a basically a digitized public ledger of all crypto-currency transactions. It is important to understand that Bitcoin isn’t regulated by a central bank or any government authority thus eliminating a need for a middleman or third party to process trade or payments. The completed transaction is publicly recorded into blocks and eventually into the blockchain. It is then verified and relayed by other Bitcoin users. The bottom line, people are tired of paying a middleman for there transactions and this efficiently eliminates the middleman. This is why the large banks are not favoring Bitcoin and other crypto-currencies. 3. It is simple to trade peer to peer. You can trade or exchange with anyone around the world in just minutes. Companies are also starting to embrace Bitcoin and other crypto-currencies because they will no longer have to pay the credit card companies a transaction fee which is usually between 3 to 5 percent of the transaction. Again, the middleman is eliminated. Nicholas Santiago InTheMoneyStocks
Adobe Flips Like An Acrobat Leading software giant Adobe Systems Inc(NASDAQ:ADBE) is coming under heavy selling pressure since the opening bell. Earlier today, ADBE stock was downgraded to a Hold from Buy at Deutsche Bank. The drop in the stock is now about 2.80 percent. Traders and investors should note that this coming Friday is options expiration for the month of October and many stocks will get hit and benefit by countless upgrades and downgrades that will occur this week. Unfortunately, ADBE stock was downgraded today and shareholders are feeling the pain of the decline. Traders and investors should now watch for daily chart support in ADBE around the $146.85 level. Please remember, daily chart support level are usually good for three to five trading days. Nicholas Santiago InTheMoneyStocks
