AT&T Inc (NYSE:T) Still Has One More Leg Lower Traders and investors can easily see that telecom giant AT&T Inc (NYSE:T) has been under selling pressure recently. This stock has been falling since it peaked out in January 2017 at $43.03 a share. Today, T stock price is trading around $36.00 a share. The pattern on the charts still remains weak as T stock trades below its 50 and 200-day moving averages. Traders must now watch the $34.00 area as the next major support level. This is where the stock was defended in January 2016, and it will often be supported when retested. Please note, AT&T Inc (NYSE:T) will report earnings on October 24, 2017. Nicholas Santiago InTheMoneyStocks
$QCOM Gives Investors Great Buying Opportunity Right Here... QUALCOMM, Inc. (NASDAQ:QCOM) has a classic bullish retrace setup that gets me excited to buy. The stock has made multiple higher lows and higher highs in recent weeks signaling a near-term up-trend. Following the latest move higher, the stock retraced to the major support of the daily 20 and 50 moving averages. This huge support level confirms the buying opportunity. The only reason QUALCOMM is not at its 52 week highs is because the company is in a legal battle with Apple (AAPL). Eventually, there will be a settlement. I believe when that happens this is a $60.00 stock. This chart setup is very bullish. Gareth Soloway InTheMoneyStocks
Lockheed Martin (NYSE:LMT) Finally Pulls Back, Here's The Trade Lockheed Martin Corporation (NYSE:LMT) is a leading defense and aerospace company. The stock has been one of the best performing equities over the past four years. Finally, LMT stock is pulling back over the past four trading sessions. The stock is now close to testing its 20-day moving average. Traders should note that this 20-day moving average is minor support so there is a good chance that the stock could move lower. The daily chart is signaling very solid support around the $305.00 level. This area is where the stock traded sideways in August before breaking out to new highs. Keep this level on the radar as LMT is scheduled to report earnings on October 24, 2017. Nicholas Santiago InTheMoneyStocks
Skyworks Solutions Falling Out Of The Sky This morning, leading semiconductor stock, Skyworks Solutions Inc (NASDAQ:SWKS), is declining lower by over 4.0 percent to $102.96 a share. It seems that this equity is declining in sympathy to negative news on Apple Inc (NASDAQ:AAPL). Today, there is a rumor that iPhone 8 sales are weak and all of the stocks that are part of the Apple ecosystem are falling lower in today's session. SWKS is now trading below its important 50 and 200-day moving averages. The next major daily chart support level for SWKS stock will be around the 200-day moving average which is at $99.87. Traders should note that SWKS is scheduled to report earnings on November 6, 2017. Nicholas Santiago InTheMoneyStocks
Believe It Or Not, Procter & Gamble (NYSEG) Is Looking Attractive Believe it or not, leading consumer staples stock Procter & Gamble Co (NYSEG) is starting to look attractive as a trade. This stock has been declining sharply since topping out on September 20th, 2017 at $94.67 a share. Today, PG stock is declining lower by $1.11 to $87.14 a share. Traders and investors should now watch the $86.50 level for support on the daily chart. This level is where the stock was defended in July 2017. Often, when a stock retests a major sponsorship area if will react positively. Short term swing traders should look for a bounce around this level. Nicholas Santiago InTheMoneyStocks
Russell 2000 $IWM Chart Analysis: Target Price Revealed The Russell 2000 has been in its happy place as tax cuts appear to be closer. From January 2017 to August 2017, the Russell 2000 had been in a slow grind-up range. It finally broke out in late August when tax cuts began to look more likely. The move took the IWM (Russell ETF) from $135 to over $150 in just over a month. This broke the upper range of the channel. As the Russell (IWM) now stalls, it will likely see a pull back in the coming days/weeks to the upper range of that channel, which is now support. That is around the $146.70 price point. This will be the first major support and big test of any pull back in the Russell 2000 (IWM). It is important to note that the Russell has been a leader for the stock market and continues to be. If the Russell starts to fall, the S&P will likely follow within a day or two. Gareth Soloway InTheMoneyStocks
This Chart Is Signaling More Downside For Arconic Inc Yesterday, leading lightweight metals engineering and manufacturing firm, Arconic Inc (NYSE:ARNC), dropped sharply after reporting earnings. The current daily chart pattern is signaling further downside in the near term. This stock is a spin-off from the old Alcoa and does not look particularly healthy at the moment. Traders and investors should note that yesterday's decline wiped out over one month of gains in a single trading session. The next major support level for ARNC stock will now be down around the $22.00 area. This level was defended in June 2017 and should serve as support again when retested. Nicholas Santiago InTheMoneyStocks
Shutterfly, Inc. (NASDAQ:SFLY) Just Got Swatted Today, leading online manufacturer and retailer of photo based personalized products and services, Shutterfly, Inc (NASDAQ:SFLY) is declining sharply on the charts. The fall in SFLY stock comes after a poor reaction to earnings. The stock is now trading below its 50 and 200-day moving averages putting it in a weak technical position. Traders and investors should now expect a lower stock price in the coming weeks. The next major support level on the charts will be around the $39.00 level. This level is where the stock was defended in January 2016 before breaking out to new 52 week highs. Often, when stocks back test past support levels they will be defended by the institutional crowd. Nicholas Santiago InTheMoneyStocks
Public Storage (NYSESA) Gets Evicted This morning, leading self storage real estate investment trust (REIT), Public Storage (NYSESA), is declining sharply lower after reporting earnings. It is reported that Public Storage missed revenue expectations and this is likely the reason for the decline in the stock price. Traders and investors must now expect more weakness in the coming weeks as the stock now trades below its 50 and 200-day moving averages. Traders should note that the next major support level for PSA stock will be around the $185.00 level. This important area is where the stock broke out in July 2015. Often, prior breakout levels will be defended when retested. Nicholas Santiago InTheMoneyStocks
