This Trade Level For Garmin Ltd Should Be On The Radar Garmin Ltd (NASDAQ:GRMN) is a leading manufacturer of hand-held, portable and fixed mount GPS systems. The stock topped out on February 20, 2018 at $65.96 a share. Since that pivot high, the stock has sold off by nearly 7.0 points. Currently, GRMN stock is trading lower by 0.07 to $59.17 a share. It should be noted that GRMN stock is now trading below the important 50-day moving average. This technical setup puts the stock in a weak technical position. The next major daily chart support level will be around the 200-day moving average which is currently at $56.00. After that, the stock should have even more support around the $54.00 level. This major support area is where the stock broke out in October 2017. Every trader should be keeping this major support level on the radar. Nicholas Santiago InTheMoneyStocks
Walmart $WMT Tags The Daily 200 Moving Average, Signals Strong Buy Shares of Walmart Inc (NYSE:WMT) opened lower on Friday, tagging the daily 200 moving average. With the stock down from a January high of $109.98 to its 87.24 (the daily 200 moving average), this is an obvious swing trade bounce play. The stock should snap back quickly to as high as $95.00 in the coming weeks. The stock is in extreme oversold territory. I grabbed some calls today when the stock was trading around $87.50. Gareth Soloway InTheMoneyStocks
JD.com Inc Holds Key Level By A String, Here Is The Trade JD.com Inc (NASDAQ:JD) is a leading online direct sales company that operates in China. This leading Chinese ADR peaked out on the daily chart on January 29, 2018 at $50.68 a share. Since that high pivot, the stock has made a lower high pattern. JD stock is also testing the important 200-day moving average for the second day in a row. Traders should note that if the 200-day moving average fails to hold as support this should signal another leg lower for the stock. Swing traders should note that the next major support level for JD stock will be around the $37.00 area. This important support level was where the stock was defended in December 2017. Often, this support area should be solid support for JD stock when retested. Nicholas Santiago InTheMoneyStocks
Triangle Breakout On Watch: DryShips Inc. Investors who enjoy a bit of risk in their investing lives should have DryShips Inc. (NASDAQRYS) on their high alert radar. The stock is forming a classic bullish triangle pattern inside of another long-term bullish consolidation phase. Should price notch-up above $3.75, the stock will likely be in breakout mode, surging to an upside target of $5.50. This is a possible upside percentage move of nearly 50% upon the breakout. I am placing this stock on high alert and will potentially be a buyer on the breakout. Gareth Soloway InTheMoneyStocks
This Leading Telecom Stock Will Look Attractive Here Verizon Communications (NYSE:VZ) is a leading provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies. The stock peaked out on January 25, 2018 at $54.77 a share. Since that high pivot, the stock has fallen down to $48.59 a share. Traders should note that the current share price is trading below its important 50-day moving average. This puts the stock in a weak technical chart position and potentially signals further downside near term. The next major support area for VZ stock will be around the $45.00 level. This is where the stock was defended in November 2017 and it will likely be defended again when retested. Nicholas Santiago InTheMoneyStocks
This Is Why Micron Technology $MU Is A Strong Short Shares of Micron Technology, Inc. (NASDAQ:MU) surged again today, hitting a new all-time high of $54.64. This surge tagged a massive trend line that stretches back to the top in 2009 and the top in 2014. When connecting those pivot highs, the trend line extends all the way out to $54.50, the level tagged today. After each pivot high in 2009 and 2014, Micron Technology, Inc. corrected 50%. That means another monster correction is likely at hand. Look for the stock to collapse as low as $27.00 in the next 12 months. Gareth Soloway InTheMoneyStocks
This Leading Drone Maker Tanks After Earnings, Watch This Trade Level AeroVironment, Inc. (NASDAQ:AVAV) is a leading manufacturer of unmanned aircraft and electronic vehicle charging and test systems for the U.S. and international governments. Today, the stock is trading lower by $6.74 to $43.76 a share after reporting earnings. Traders should note that today's decline puts the stock under the daily chart 200-day moving average. Should the stock close down here below this key moving average it could signal further downside to come for share price. The next important support level in play will be around the $38.75 area. This major support level is where the stock broke out in August 2017. Often, when a major breakout level is retested it will serve as an excellent bounce area for the stock. Nicholas Santiago InTheMoneyStocks
Done Maker AeroVironment (AVAV) Nearing Major Support Buy Target Shares of AeroVironment, Inc. (NASDAQ:AVAV) collapsed sharply after reporting poor quarterly results. The drone maker surprised Wall Street with a quarterly loss and fell nearly 17% by early afternoon on Wednesday. Chart technical analysts are scoping out the major gap fill at $39.40 as accumulation buy level. Note the chart below. Gareth Soloway InTheMoneyStocks
Thor Industries Reverses Lower, Here Is The Trade Thor Industries Inc (NYSE:THO) is a leading manufacturer of recreational vehicles in the U.S. and Canada. Earlier today, the stock rallied higher after the opening bell trading as high as $127.50 a share. Unfortunately, since that high pivot the stock has reversed lower and is now trading down by $4.56 to $117.86 a share. The stock is now testing the 200-week moving average for the second consecutive week. This tells me that the stock is now vulnerable to trade lower in the near term. Traders and investors should now watch the $109.75 area for support. This is a level that would interest me to own THO stock on the long side. Nicholas Santiago InTheMoneyStocks
Call Option Trade On CIGNA Corporation $CI Shares of CIGNA Corporation (NYSE:CI) are falling sharply today after they announced a buyout of Express Scripts Holding Company (NASDAQ:ESRX). Investors are taking the buyout as a sharp negative for shares, likely a signal big money thinks they overpaid. Whatever the case, the stock is falling over 11%, but gives investors waiting for an entry a buying opportunity. There is a pivot to $170.00. I will look to pick up some calls here. Join the options alerts to get my exact entry price, expiration and strike. All the details live to join me. Gareth Soloway InTheMoneyStocks
DryShips $DRYS Still On Watch For Major Breakout I continue to keep shares of DryShips (DRYS) on my radar for a possible breakout. Note the chart below. Should price close the day above the trend line, a surge is likely to begin taking Dryships to an upside target of $5.50. Really interesting chart here for advanced investors/traders. Gareth Soloway InTheMoneyStocks
