Know This Trade Level For Travelers Companies Inc Travelers Companies Inc (NYSE:TRV) is a leading insurance holding company that covers property and casualty insurance to businesses, government units and individuals. Last week, TRV stock dropped sharply after reporting earnings. Today, the stock is trading down 0.18 to $128.14 a share. Currently, the stock is hovering just below its important 200-day moving average. This pattern formation is indicating further downside in the near term for the stock price. Traders should now watch the $128.00 area as the next major support level for the insurance giant. This support area is where the stock broke out in October 2017. Remember, often prior breakout levels will be major support when retested. Nicholas Santiago InTheMoneyStocks
20% Rise Coming In Shares Of Universal Display Corporation Shares of Universal Display Corporation (OLED) have fallen from $210in mid-January 2018 to below $90 today. That is an almost 60% drop in the stock price in four months. While most average investors would be too scared to buy here, smart investors use the stock charts. In fact, any entry below $90 is fantastic as the stock has finally retraced, filling a major gap and hit major pivot support. The multi-factor support level between $88-$90 is a gem of a level, signaling a surge in the stock price back to $108, a 20% move. This is a swing trade and likely to occur within weeks to a month. Great trade setups are what great trades look for and Universal Display Corporation certainly appears to be just that. Gareth Soloway InTheMoneyStocks
U.S. Steel $X Falls Hard On Earnings, Here Is The Target Shares of U.S. Steel Corp. (X) fell sharply on Friday morning after releasing poor earnings and guidance. The hope of tariffs on steel fading causing investors and the company to lose hope in their lofty projections. U.S. Steel is down 14$ on the day at $32.50. This is a far cry from the $47.60 per share it hit March 2018 on those tariff hopes. With the drop today, U.S. Steel broke major support. This spells further downside. The first big support on the stock is not until $28.70. Once there, big players will begin to accumulate for a swing trade bounce back to $32.00. Gareth Soloway InTheMoneyStocks
Know This Trade Level For United Technologies Corp $UTX United Technologies Corporation (NYSE:UTX) is engaged in providing high technology products and services to the building systems and aerospace industries around the world. This stock is leading component of the Dow Jones Industrial Average (DJIA). Traders should note that UTX stock topped out in late January at $139.24 a share. Since that high pivot, the stock has declined sharply lower. Today, UTX is trading down by 0.78 cents to $121.67 a share. It is important to note that UTX stock is now trading below its 50 and 200-day moving averages. This chart formation still signals further weakness to come in the stock. The next major support level for UTX will be around the $118.00 level. This is an area where the stock was defended and broke out in late November 2018. Often, the first retest of a breakout level will serve as excellent chart support. I will be keeping a close eye on UTX stock around the $118.00 level for a long side trade. Nicholas Santiago InTheMoneyStocks
Micron Technology $MU Breaks Key Support, Buy Level Target Revealed Shares of Micron Technology (MU) fell sharply again on Monday as the semiconductor sector struggled. Micron broke a major support level at $47.00. This breakdown signals another major leg lower to the daily 200 moving average at $42.25. This becomes the target buy price for a swing trade bounce. I still recall all the insane bullish average investors telling me I was insane when I was shorting at $62.00. Charts always tell the truth. Gareth Soloway InTheMoneyStocks
Tapestry Sinks After Earnings, Here Is The Trade Tapestry Inc (NYSE:TPR), formerly known as Coach Inc, is a leading design house of luxury and lifestyle collections. The company's brands include Coach, Kate Spade, and Stuart Weitzman. Earlier today, the company reported earnings and the stock is plunging lower on the news. Yesterday, the stock closed at $53.77 a share ahead of the earnings announcement. Today. TPR stock is trading at $47.35 a share which is a 12.0 percent decline. Traders should note that the stock is now trading below it's important 50 and 100-day moving averages. This is a very negative sign for the equity and likely indicates lower prices ahead. Traders and investors must now watch the $42.00 area as the next major support level. This is where the stock broke out of a bearish base in December 2017. Very often, when a stock back tests a major break out level it will be excellent support again. Nicholas Santiago InTheMoneyStocks
3M $MMM Multi-Factor Trade Alert Shares of 3M (MMM) slumped again on Tuesday morning, down for the sixth straight day following poor earnings results. While most investors shy away from charts like this, the real pros get excited. After hitting a major gap fill at $192.00, the metrics on 3M scream oversold, technical bounce. This is coupled with a time count factor and pivot support. The triple threat combination signals a strong likelihood of a swing trade bounce back to $200 in the coming days/weeks, perhaps as high as $210.00. Gareth Soloway InTheMoneyStocks
Bullish Setup On Kandi Technologies $KNDI China electric car maker Kandi Technologies Group Inc (KNDI) has a bullish chart setup and may be ready to run as high as $6.50. The current price is $4.88 after the stock has staged a slow consolidation pattern lower, following a major surge in September 2017. Just over the last few trading days, Kandi Technologies has started to prep for an upward move with a bullish triangle. The upswing should begin any day and be fast. Gareth Soloway InTheMoneyStocks
Yum Brands $YUM Don't Look So Yummy After Earnings, Know This Trade Level This morning, leading restaurant stock, Yum Brands Inc (NYSE:YUM) reported earnings. Unfortunately, the stock is plunging lower by more than 5.0 percent to $81.79 a share. Traders should note that the stock is now trading sharply below the important 50-day moving. There will be some short term chart support around the $80.00 area which is around the 200-day moving average. The better support level will still be lower, likely around the $76.00 level. This area is where the stock was defended in February 2018 before surging to new highs. Very often, major pivots will serve as excellent support levels when retested. My best bet for a long side trade in YUM will be around the $76.00 level. Nicholas Santiago InTheMoneyStocks
Shares Of Fred's, Inc. $FRED Likely To Bounce Hard Here Shares of Fred's, Inc. (NASDAQ: FRED) continue to get ravaged as the company struggles to survive. Now at $1.85, the stock is basically priced for bankruptcy. However, that means there may be an upside surprise lurking. In the very least, the stock chart is signaling a technical bounce on the horizon off the $1.85 level. If you look at the chart, the stock has been in a steep downtrend for well over a year. However, every flush to a major trend-line (shown below in the chart) has yielded a big bounce. As of today, that same trend-line is being hit again. This ups the odds significantly of a strong bounce higher. I have a $2.40 target penciled in from this $1.85 level. That would be a sweet return in just days/weeks of 30%. Gareth Soloway InTheMoneyStocks
Measured Move Gives Exact Entry On Kraft Heinz $KHC Shares of Kraft Heinz (KHC) continue to sell sharply ahead of earnings today. In 2018, Kraft Heinz has fallen from near $81 to its 52 week low today of $54.47. This whopping collapse is near completion based off a technical measured move calculation. It can be found by taking the high in 2017 to the mid-pivot of $75. That fall was $22.75. That dictates that to be a measured move and complete, Kraft Heinz has to fall a full $22.75 below the $75 level. This puts the target squarely at $52.25. In other words, Kraft Heinz is near a major pivot low and could see it in the next few days. This is likely the low of the year on the stock based on the measured move. It is a strong buy at the target. Gareth Soloway InTheMoneyStocks
