Electronic Arts Has Been Under Pressure, Know This Trade Level $EA Leading video game developer, Electronic Arts Inc (NASDAQ:EA), has been under selling pressure since July 13, 2018. At that time, the stock peaked at $151.25 a share. Today, EA stock is trading at $126.52 a share, which is a decline of more than 16.0 percent from the high. The stock is now forming a bearish pattern on the daily chart which suggests lower prices ahead. The next key support level for EA stock will be around the $117.00 level. This important support area was defended in April 2018 and will likely serve as a solid trade level when tested. Nicholas Santiago InTheMoneyStocks
Alibaba $BABA Targets For Downside Support Shares of Alibaba (BABA) surged this morning after they reported stellar earnings. However, during the conference call, the company warned about the impacts of tariff rules and the trade war between the US and China. The stock has collapsed and will continue to collapse to first target $160. Once there, a bounce is expected before it proceeds to $125.00 as a final resting target price. There, a longer swing trade can be taken. Gareth Soloway InTheMoneyStocks
Foot Locker $FL Tests Critical Level, Here's What You Should Know Last week, leading athletic shoe retailer, Foot locker Inc (FL), sold off sharply after reporting earnings. The stock was able to hold it's important 200-day moving average on the sell off. Today, that key moving average was tested again for the second consecutive session. Traders and investors should note that if this 200-day moving average fails to hold as support it would trigger another sell signal for FL stock. The next key support level for level for FL stock will be around the $40.00 area. This important support level was defended in March and May 2018. Often, when key support areas are retested they will be be defended again by the institutional crowd. I will be watching the trade action very closely this week in FL stock to see if the 200-day can hold up as support. Nicholas Santiago InTheMoneyStocks
Netflix $NFLX Hits Max Move As Smart Money Shorts/Sells Shares of Netflix (NFLX) hit their max upside level today at $370. This is the daily 20 moving average as well as a kissing the 61.8% Fibonacci retrace level. Ultimately, the stock has soared nearly 20% in the last week. Look for a significant drop in price back to $350 in the coming days. Gareth Soloway InTheMoneyStocks
Watch This Trade Level For Gap Inc $GPS Gap Inc (NYSE:GPS) is a leading apparel retail company. They operate under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Last week, the stock sold off sharply after reporting earnings. Traders and investors should note that the shares are now trading below their 50 and 200-day moving averages. This puts the stock in a weak technical position and indicates further downside for the stock. Traders and investors should now watch the $27.50 area as the next important support level. This is where the 100-week moving average is located and it should serve as solid support when tested. Nicholas Santiago InTheMoneyStocks
The Significance Of A Russell 2000 $IWM Topping Tail On Monday, August 27th, 2018, the Russell 2000 (IWM) surged sharply higher with the S&P and NASDAQ. However, there was one difference to a normal trading day. While the rest of the markets stayed at their highs, the Russell 2000 faded, forming a topping tail (bearish top signal). The reason this may be significant is because the Russell 2000 has lead the market both to the upside and downside over the last year. Because of that, investors should pay closer attention to the topping tail on the Russell 2000. It may signal a significant top or nearing top on the S&P and NASDAQ. Gareth Soloway InTheMoneyStocks
Bitcoin $BTC On Watch At This Level... Crypto traders should be aware that the bitcoin chart is hamming on a major level. Should it break through this $7,100 level and hold, there could be a significant upside surge in the price. Note the chart below. Gareth Soloway InTheMoneyStocks
Movado Group Inc $MOV Gets Slammed After Earnings, Here's The Trade Movado Group Inc (NYSE:MOV) is a leading designer, marketer and distributor of watches. Today, the stock is declining sharply after reporting earnings. MOV stock is trading lower by more than 14.0 percent to $42.15 a share. Should the stock close down around this level today it would likely signal more downside to come. MOV stock is still trading above its 200-day moving average which is currently at $38.87. Any close below this key support level would indicate a move down into the $34.00 area. This would be a solid support level for MOV stock if tested. Please note, this is where the stock broke out in late March 2018. Traders and investors should expect this level to be defended when reached. Nicholas Santiago InTheMoneyStocks
Box Inc $BOX Got Crushed, Now This Level Is In Play Yesterday, leading cloud based content management company, Box Inc (NYSE:BOX), sold off by nearly 10.0 percent after reporting earnings. Traders should note that the stock is now trading below its important 50-day moving average. The stock is now testing the pivot low area from August 2, 2018 around the $23.23 level. A daily close below this important support area would signal another decline for the stock. The next key support area for the stock would be around the $21.50 level. This is an area where the stock broke out in April 2018. I will be watching this stock for a long side trade when the shares trade down to this level. Nicholas Santiago InTheMoneyStocks
DAY TRADE: $NKE under early selling pressure after announcing ad with former NFL Quarterback Colin Kaepernick. Watch for intra-day support around the $77.30 area if it trades down there - Nick
Seagate Tech $STX Drops After Downgrade, Watch This Trade Level This morning, leading tech stock, Seagate Technology PLC (NASDAQ:STX), is declining sharply lower after being downgraded. The stock is falling by 9.66 percent to 48.39 a share. Traders should note that STX stock is now trading below its 50 and 200-day moving averages. This formation puts the stock in a weak technical position on the charts. Traders must now look lower for solid support. One area that looks to be a strong potential trade level is around the $43.00 range. This area is where there is a major weekly chart gap fill from early January. Often, the institutional traders will defend a major gap area when filled and tested. Nicholas Santiago InTheMoneyStocks
Tesla Inc $TSLA Continues To Fall: Here Are The Targets Elon Musk has caused an epic shift in the focus of investors and analysts, from the genius of Tesla products to a man filled with ego. That is not good. Investors have seen shares of Tesla Inc (TSLA) fall sharply from a recent high near $390 to a low today near $290. This epic 3 week fall should spook investors as big hedge funds are dumping. Large funds cannot risk their performance on a loony tweet. There is too much money on the line. Based on technical chart analysis, the stock will see continued momentum to the downside to its first support at $273.75, then after a hard bounce, another leg lower to $245.00. I will be patiently waiting there to begin accumulating shares. It is likely the bottom target could be hit by end of year 2018. Gareth Soloway InTheMoneyStocks
