Tupperware Brands Gets Slammed, Here Is The Trade Tupperware Brands Corp (NYSE:TUP) is a leading manufacturer and marketer of food storage containers and serving items. Today, the stock is declining lower by nearly 10.0 percent after reporting earnings. TUP stock is now testing its November lows at $57.41 a share, but further downside is likely. By looking at a weekly chart today's decline is eliminating eleven weeks up upside. This tells me that the stock will need to have more selling before a true low is found. Traders and investors should now watch the $55.00 area as the next major chart support level. This area is where the stock was defended by the institutional money in January 2017 and it will likely be sponsored again when retested. Gareth Soloway InTheMoneyStocks
Here Is The Short Level: Advanced Micro Devices Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) jumped higher on earnings Wednesday. This was no surprise as the stock chart dictated a move higher to the master level, gap fill of $14.25. However, once this level is achieved, Advanced Micro Devices becomes a strong short swing trade for a drop back to $12.00, perhaps far lower. Remember, gaps are made to be filled, this obvious one was a no-brainer. With Advanced Micro Devices trading at $13.50, there is still more upside, but limited to the gap fill at $14.25. For those looking to short, be patient for the trade level. Gareth Soloway InTheMoneyStocks
Bullish Chart Setup On Sprint Corp Shares of Sprint Corp (NYSE:S) have a strong bullish chart setup. One week ago, the wireless play put in a bottoming tail. Bottoming tails are bullish bottom signals, a likely reversal at hand. Since that bottoming tail a week ago, Sprint has consolidated in a bull flag pattern. This tells investors that odds favor a strong move up coming in the next few days. This $5.25 level is a great buy opportunity with a tight stop. Any daily close below the bottoming tail low at $5.10 would be the stop. That means the risk on this trade is only around $0.15 versus the upside target of over $6.00. Low risk, high reward, bullish stock chart setup on Sprint Corp. Gareth Soloway InTheMoneyStocks
Bitcoin testing the lows from January 17th. While near-term support, it will break. Bitcoin being drawn to $7,500 like a magnet. Also, still far too many small investors dreaming about fortunes from #Crypto. Gotta flush them out - Gareth Soloway
Corning Inc (GLW) Drops After Earnings, Know This Trade Level Corning Incorporated (NYSE:GLW) manufactures and sells specialty glasses, ceramics, and related materials throughout the world. The company is best known as the maker of gorilla glass that is used in many mobile devices. Yesterday, the stock plunged lower by 7.5 percent after reporting earnings. Today, the stock is trying to bounce back a bit, but this is common after a sharp flush. Traders and investors should note that the stock is now trading below its important 50-day moving average. This puts the equity in a weak technical position. The stock should have major chart support around the $29.00 level. This is where the equity broke out in September 2017. Often, prior breakout levels will serve as major chart support when retested. Nicholas Santiago InTheMoneyStocks
Riot Blockchain (RIOT) Headed Lower As Bitcoin Collapses, Here Is The Buy Shares of Riot Blockchain Inc (NASDAQ:RIOT) collapsed another 10% today, hitting a low of $12.10. This stock traded above $45 on hype, as Bitcoin traded near $20,000. That is long gone and Bitcoin is collapsing lower. Bitcoin has a strong technical support at $7,500, that is likely where it will get a big bounce. During the expected fall, Riot Blockchain Inc will drop to $9.85. This is a huge buy on Riot Blockchain because it is a former pivot and the daily 200 moving average. In addition, Riot Blockchain is already oversold and by that point will be extremely oversold. I will be looking to buy at that level for a swing trade strong bounce. Gareth Soloway InTheMoneyStocks
Valeant Pharmaceuticals (VRX) Signals Buy After Retracing To Major Support Shares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) traded near $25.00 just a few weeks ago. The run to $25.00 started from $11.00 and was non-stop for two-plus months. Investors should have been expecting a pull back and they got it. The question now is, where is it a buy. The answer is $17.75. Not only is it the former pivot high from July 2017 but it is also a 50% Fibonacci retracement point. With both factors coinciding, it alerts investors to major support and likely the start of the next leg up. Gareth Soloway InTheMoneyStocks
Bitcoin Alert: Buy Level Revealed Here... Here is a chart showing the key support on Bitcoin I have been talking about for weeks. Essentially the downside target but also the buy level for a sharp bounce. I will wait for that level to hit and then buy. Gareth Soloway InTheMoneyStocks
Buy Level On Apple Inc. Apple Inc. (NASDAQ:AAPL) continues to fall after reporting earnings. The stock fell into the earnings release on worries over the super-cycle and earnings did not help the picture. As a swing trader, I am scoping out the $157.50 level for a bounce. This is a technical support and a gap fill. Look for a solid bounce back to $165.00. Gareth Soloway InTheMoneyStocks
Transport Stocks Sink, Watch This Trade Level Transportation stocks are followed closely by most traders and investors. This industry group is known as a leading indicator for the markets. In fact, the transports made a short term top on January 16, 2018 which was ten days earlier than the S&P 500 Index top. This just shows how the transports will often lead the major market indexes. Since the January 16, 2018 transport top, many of the leading transportation stocks have sold off sharply. United Parcel Service Inc (NYSE:UPS) is a market leading transport stock that has declined by over $19.00 since that transport peak. Today, UPS stock is trading lower by 0.32 to $116.14 a share. This stock is still trading above its 200-day moving average at $115.11 so there will be some daily chart support around this area. Should the 200-day moving average fail to hold as support then there should be one more major leg lower for UPS stock price. The next major chart level for UPS will be around the $110.00 level. This area is where the institutional money should defend UPS stock price. Traders should note that this is where the stock was sponsored in late July 2017 and it will likely be a buy area again when retested. This is where I will look to trade UPS stock on the long side. Nicholas Santiago InTheMoneyStocks
This Is Where Smart Money Is Buying Johnson & Johnson Shares of Johnson & Johnson (NYSE:JNJ) continue to take it on the chin. The stock is now down from its peak of $148 just two weeks ago to $133.00. There will likely be more downside as big players move to cash in the higher risk market. However, there is huge technical chart support at $126. This is the spot where big money will step up and add heavily for a sharp bounce back higher. Look for this technical chart level to buy. Gareth Soloway InTheMoneyStocks
Buy: Exxon Mobil Corporation (NYSE:XOM) Tags Huge Support Exxon Mobil Corporation (NYSE:XOM) just tagged huge technical support on the daily chart at $80.00. The stock is down from nearly $90.00 in two trading days. Expect a technical bounce back to $82.50 within a day or two. Gareth Soloway InTheMoneyStocks
This Leading Pharma Stock Breaks Its 200-Day Moving Average Believe it or not, technical charts are the key to making money in this volatile trading environment. While many leading industry groups are now in correction territory it is critical for traders and investors to know where the major support levels are on the charts for individual stocks. One stock that has declined sharply is Bristol-Myers Squibb Co (NYSE:BMY). This leading pharmaceutical stock plunged yesterday after reporting earnings. Today, BMY stock is trading lower by another $2.18 to $58.77 a share. It is important to note that the stock is now trading below its important 200-day moving average. This puts the stock in a weak technical position on the charts and often signals more downside to come. In this current trading climate it is critical for traders to find the major support levels that will be supported by the institutional money. The best and safest level that I see for BMY stock is around the $51.50 area. This is where BMY stock was defended in February 2017. Should BMY test this level again it will most likely be an excellent area for a long (buy) side trade. Nicholas Santiago InTheMoneyStocks
Strong Buy On Veritone Inc (NASDAQ:VERI) As Major Technical Level Hits... Artificial intelligence small cap Veritone Inc (NASDAQ:VERI) hit major support today at $14.00. The stock traded as high as $75.00 on artificial intelligence hype, and now represents an extremely good risk/reward buy into this technical chart support (seen in the chart below). Expect a surge back to $21.00, a 50% gain from here. This is a momentum play that now actually shows good technical signals as well as fundamental growth and valuation. Gareth Soloway
Crypto Ripple $XRP Has 100% Upside From This Technical Support Here... Crypto-currency Ripple $XRP is an amazing technical support here at $0.65. This can be seen on the chart below. Based on the oversold nature of the crash in Ripple and other crypto's, there is huge upside and a likely 100% bounce coming to a target of $1.30 on Ripple. Gareth Soloway InTheMoneyStocks
Oil Correcting, Here Is The Target Oil took a beating today, falling 3% after inventory data showed a surprise build. In all fairness, oil was extremely overbought and due for a correction. Let's not forget, the U.S. keeps pumping more and more oil as the price has gone up and the global output remains higher even with OPEC's attempt to curb supply. Ultimately, expect a correction in oil to the $59 level of support. Note the commodity chart below. Gareth Soloway InTheMoneyStocks
