FireEye Inc $FEYE Head & Shoulders In Full Motion To This Target Shares of FireEye Inc (FEYE) continue their collapse after the neck-line of a head and shoulder pattern was violated. The break of a neck-line triggers a head and shoulder pattern, ultimately taking it to its final resting target. In the case of FireEye Inc, the final resting target is calculated out to be $13.50. The stock currently trades at $15.60, so there is still significant downside to go. I will be an interested buyer at $13.50, when the head and shoulder pattern has completed. Gareth Soloway InTheMoneyStocks
Watch This Medical Device Maker At This Trade Level Varian Medical Systems, Inc. (NYSE:VAR) is a leading manufacturer of medical devices and software for treating cancer and other medical conditions. The stock topped out on January 26, 2018 at $130.29 a share. Since that high pivot the stock has traded lower in a very choppy fashion. At this time, VAR stock is trading below its daily chart 200-day moving average. This is indicating that there could be more downside in the near term. Traders and investors should now watch the $109.00 area for major support. This level is where the stock broke out of an eight month base. Often, stock will find major support and be defended at prior breakout levels. Nicholas Santiago InTheMoneyStocks
End Of Year Target On Walgreens Boots Alliance Amazon.com (AMZN) did it again. The online giant bought PillPack and is now headed into pharma distribution online. Shares of Walgreens Boots Alliance (WBA) and other pharmacy plays crumbled. Unfortunately, there is little support in the stock chart of Walgreens until $45.50. I expect this level to be reached by year end at which point I will look to accumulate based on major technical support. Note the chart below. Gareth Soloway InTheMoneyStocks
Amazon.com $AMZN Trade Setup Alert Shares of Amazon.com Inc. (AMZN) continue to grind higher. However, unlike stocks like Facebook (FB) and others, it has not made a new all-time high in recent days. In fact, Amazon has a classic bear flag wedge pattern formation on the daily stock chart. This signals a likely sharp drop in the coming month, possibly on an earnings miss. With the chart setup being strongly bearish, there is a classic way to swing trade the stock. Look to short at current levels of $1,730, with a stop on any daily close above the all-time high of $1,763.10. This allows for a tight, less-than 2% stop. The downside reward is fantastic, with the calculated target from the bear flag being $1,520. This is a 12% profit. A risk/reward trade setup like this is what the big players look for when swinging the market. Enjoy! Gareth Soloway InTheMoneyStocks
Watch This Daily Support Level For This Major Retail Stock $DDS Many of the leading retail stocks have traded sideways for the past several weeks. One particular retail equity that has caught my eye is Dillards Inc (DDS). This retail stock has been pulling back since mid-June. The stock is now trading below its important 20-day moving average which tells me it has lost near term strength and momentum. The next key support area for DDS should be around the $81.00 area. This level is where the stock broke out in late May 2018. Often, when an up-trending stock pulls back into its breakout level it will be defended by the institutional crowd. Nicholas Santiago InTheMoneyStocks
Classic Short Setup On F5 Networks $FFIV Shares of F5 Networks (FFIV) are forming a classic inside-bar, bear flag pattern. This is about as good of a short signal as swing traders can hope for. Anything around the $180 price point is a good short. Gareth Soloway InTheMoneyStocks
Carnival Cruise $CCL Is Sinking, But Watch This Level Carnival Corporation (NYSE:CCL) has steadily declined since late January when it peaked at $72.70 a share. The stock is now trading below all of its key moving averages which puts the stock a weak technical chart position. The next important support level for CCL stock will be around the $54.00 level. This area is where the 200-week moving average is currently and should serve as support when tested. Pattern will be very important to follow over the next few weeks in this stock. Should there be consolidation above the 200-week moving average then traders will have to look lower for the next major support level. As of this time, the $54.00 level looks like solid for a bounce in the shares. Nicholas Santiago InTheMoneyStocks
American Airlines Group $AAL Major Target Buy Revealed Shares of American Airlines Group (AAL) continue to fall lower, along with the rest of the airline sector. Based on pure technical charting analysis, there will be more downside in the coming month. The stock should bottom based on cycle calculations in mid to late August at a price point of $30. Upside off this major buy trigger price is 50%. Big hedge fund managers and the top traders are looking to accumulate a position in this $30 range. Gareth Soloway InTheMoneyStocks
Predicted Oil Collapse Underway...See The Targets Here The commodity oil is going lower, as I predicted a week ago. The $75 level was a major technical resistance point (seen on the chart) spanning back years and common sense told you not only would July 4th mark a high pivot, but President Donald Trump would start ripping OPEC to get oil down into the mid-term elections. Every political party in charge talks oil down into elections to get a few extra votes. This November is one of the most important elections in recent history. These factors all spell major trouble for oil. I have a first support target of $66 in the charts from my short alert at $75.00. The first target is just that, a quick bounce before oil heads even lower into November. The final target into November is $55.00/bbl. See you there! Gareth Soloway InTheMoneyStocks
Copper Futures Has Been Melting Lower, Watch This Bounce Level Copper futures (HG-U18) have been falling sharply lower over the past five weeks. The industrial metal topped out on June 7, 2018 at $3.31. Since that high pivot, copper futures have fallen lower by over 16.0 percent. Today, copper futures are trading around the $2.79 level. Traders should remember, the strong U.S. Dollar will generally hurt the price of copper and most other commodities. The U.S. Dollar bottomed out earlier this year and continues to remain near nine month highs. The pattern in the $ U.S. Dollar Index (DX-U18) chart is indicating more consolidation near term, so that could be positive for copper very soon. Traders should watch copper futures (HG-U18) around the $2.62 level. This is where the 200-week moving average is currently at. There is also a lot chart support around this level as this is where copper futures formed a basing pattern back in the first half of 2017. Some major copper equities that could benefit from a bounce are Southern Copper (NYSE:SCCO) and Freeport McMoRan Inc (NYSE:FCX ). Nicholas Santiago InTheMoneyStocks
Here's The AT&T Level That Every Trader Should Know Everyone in the trading world is talking about AT&T (NYSE:T) these days. As you all know, the communications giant recently won a case against the DOJ regarding a merger with Time Warner. Since that court ruling the shares have continued to slump. Last week, the DOJ said that they would appeal the court decision. The truth of the matter is that AT&T (NYSE:T) shares topped out in July 2016 at $43.89 a share. Since that pivot top in the stock price the share has dropped sharply and currently trade at $31.87 a share. Traders and investors should now watch the $29.65 level for support. This important support area is a major retrace level for the stock. Often, major retrace levels will serve as excellent support when retested. Nicholas Santiago InTheMoneyStocks
