Celgene Corp $CELG Is Trending Down, Know This Level Leading biotechnology stock Celgene Corp (NASDAQ:CELG) has been trending lower since October 2017. At that time, the stock traded as high as $147.17 a share. Today, CELG stock is trading around the $87.00 area. Traders can easily see how this stock has fallen from grace over the past five months. The stock is now trading below its 50 and 200 week moving averages, this is a very negative chart formation. The stock should now find some solid support around the $82.75 area. This is a major retrace level where the stock could bounce from the current oversold condition. Nicholas Santiago InTheMoneyStocks
Winnebago $WGO Takes A Trip South After Earnings, Here Is the Trade Leading recreational vehicle(RV) maker Winnebago Industries Inc (NYSE:WGO) is trading sharply lower today after reporting earnings. The popular RV stock is declining by more than 7.0 percent to $40.47 a share. Traders should note that WGO stock is now trading below it's important 50 and 200-day moving averages. This is a weak chart formation and indicates lower prices to come. The next major support level for WGO stock will be around the $36.00 area. This level is where WGO broke out in September 2017. Often, prior break-out levels will be major chart support when retested. I will be looking to trade WGO on the long side (buy) around the $36.00 level. Nicholas Santiago InTheMoneyStocks
Kraft Heinz Co $KHC Hits Major Double Bottom Support Shares of Kraft Heinz Co (KHC) just tagged a major double bottom support level from 2015. This brings valuation into an intriguing range on an oversold chart. On a technical chart basis this screams 'swing trade bounce' to investors. I am looking at a buy here at $62.00 for a snap back bounce to $68.00 over the next month. Gareth Soloway InTheMoneyStocks
Chinese ADR's are under pressure. Leading stock such as $BABA, $BIDU, $SINA & $JD are dipping. Traders should watch $SINA around $110.35 area for an intra-day bounce play. Nick Santiago
Darden Restaurants $DRI Slammed After Earnings, Here Is Where It's Going This morning, leading restaurant owner and operator Darden Restaurants Inc (NYSERI) is coming under severe selling pressure. Earlier today, the company reported earnings that are not being well received by the street. The stock is trading lower by 7.0 percent to $86.77 a share. Traders must note that DRI stock is now trading below its important daily 200-day moving average. This puts the stock in a weak technical position on the charts. The next important support level for DRI stock will be around the $82.00 area. This is where the stock broke out in November 2017. Often, prior break-out level will serve as very good support when initially retested.
Swing Trade Bounce Level On Apple Inc $AAPL Shares of Apple Inc (AAPL) continue to decline after making a new all-time high just over a week ago at $183.50. With the stock trading near $170.00, investors are starting to get antsy over a buy point. Based on the technical chart levels, there is a near-term quick swing trade at $167.40. This is a technical gap sell with the short-term indicators at extreme oversold levels. This means a 2-5 day swing trade long with an expected upside bounce target of $172.75. Gareth Soloway InTheMoneyStocks
Cardinal Health Inc $CAH Buy Level Approaches Cardinal Health Inc (CAH) continues to drop as the stock market drags lower. However, based on trend line analysis, a major support for a swing trade is approaching. Remember, swing trades are short-term trades, hold times can be days to weeks. The Cardinal Health by level is at $64.00. I expect a bounce back to $70.00 off that level. Be ready. Gareth Soloway InTheMoneyStocks
Major Bounce Level On BIDU Major level on Baidu Inc (BIDU) to buy. The Chinese company is seeing its stock collapse after Trump pushed tariffs in a noon briefing. Huge support at gap fill at $225.00. I expect a snap back bounce there. Gareth Soloway InTheMoneyStocks
This Media & Communications Stock Is Making New 52-Week Lows, Watch This Trade Level Comcast Corporation (NASDAQ:CMCSA) is a leading media, technology and communications company. CMCSA stock peaked out on January 24, 2018 at $44.00 a share. Since that high pivot, the stock shares have tumbled and now trade around the $33.00 level. CMCSA shares are now making new 52-week lows on the charts. Traders and investors should note that the stock has falling below its important 50 and 200-day moving averages. This current formation puts the stock in a weak technical position on the charts. The next major support level for CMCSA stock will be around the $30.00 level. This important area is where the stock was defended in October 2016. Often, former major support levels will be defended again when retested. At this time, I would expect this level to be a solid bounce area for CMCSA stock. Nicholas Santiago InTheMoneyStocks
Where Is The Buy? Overly Bullish Investors Helped Me Predict The Sharp Decline In Micron $MU Shares of Micron Technology, Inc. (MU) continue to decline after earnings fell short of the hopes and dreams of investors last Thursday, after the close. Considering the stock had surged from $38 to $64 in just over a month, no investor should have expected more upside off earnings (though many did). This is an example of greed. In fact, many of my previous posts are Twitter warning of an overbought situation were attacked by small investors long Micron stock. This actually gave me more confidence it was a short as when the masses are overly bullish, 99% of the time a stock is a dead short (it was). Either way, I do believe there is value in Micron Technology, Inc., just at a lower price. The technical chart shows major support at $50.00. This is where I will buy for a snap-back bounce. It should be an easy 10% swing trade pop. Gareth Soloway InTheMoneyStocks
Strong Buy: Shares Of Applied Optoelectronics $AAOI Tag Major Level Shares of Applied Optoelectronics Inc tagged a major gap fill from 2017 yesterday at $23.50. This level is probably the biggest technical support on the chart in recent history and likely a near-term major bottom. The stock has fallen from over $100, down 75% from its 2017 highs. A classic technical retrace has the stock jumping back up to $35.00, a 50% upside move. Gareth Soloway InTheMoneyStocks
