Here's The Tesla $TSLA Level That Every Trader Should Know Leading EV manufacturer, Tesla Inc (NASDAQ:TSLA), has been one of the most volatile stocks in the market. Almost everyday traders and investors are watching Elon Musk's Twitter page to see what he will say next. The stock is not for the faint of heart as 3 to 5 percent moves are common during any given trading session. Currently, TSLA stock is testing it's 200-week moving average. A failure to hold this key level could send the stock lower. One particular level that looks solid as major support will be the $240.00 area. This is where the stock broke out in January 2017 and it should be defended again when retested. Nick Santiago InTheMoneyStocks
Pure Storage $PSTG Is Falling , Watch This Trade Level Pure Storage Inc (NYSESTG) is a leader and provider in flash based storage systems for large and mid-size organizations. The stock put in a near term high on March 1, 2019 at $21.08 a share after reporting earnings. Since that pivot top in the stock the shares have continued to move lower and is currently trading at $19.25 a share. Part of the recent decline in PSTG stock has been due to a slightly weaker market. Traders and investors should now watch the $17.50 area for important daily chart support. This is where the stock stock made a sideways base for most of January before rallying higher into March. This level should be solid support for a short term swing trade when it trades down there. Nick Santiago InTheMoneyStocks
The Retail ETF $XRT Is Nearing Key Support, Will It Hold? The popular SPDR S&P Retail ETF (NYSEArca:XRT) is pulling back again today. The XRT made a short term top on March 1, 2019 at $46.93 a share. Since that high pivot the XRT has declined lower and is now trading at $43.73 a share. The daily chart still has a lot of support around the $44.00 level which is the where the 50-day moving average resides. Many traders and investors are always watching and following this key moving average as a signal of strength for a stock. Basically, as long as an equity trades above the important 50-day moving average it is viewed as a sign of strength. On the flip side, when that key moving average is broken many traders and investors will view that equity as a sign of weakness. Many investors should also remember whenever an equity rallies for 10 weeks it may just need to pullback a little in order to digest the recent gains. A weekly chart close below the $42.00 level could spell some real trouble for the XRT. This was where the XRT broke out on January 7, 2019. Nick Santiago InTheMoneyStocks
Apple Inc $AAPL Breaks Out: Here Is The Next Target Shares of Apple Inc (AAPL) surged sharply higher today, jumping almost 3.5%. The jump higher broke a major resistance point at $176.50, solidifying a technical breakout. Based on momentum and chart technical analysis, Apple Inc is likely headed to a target of $186.00. Expect little to no resistance until that target is hit. Gareth Soloway InTheMoneyStocks
Pfizer Inc $PFE Has A Cold, Watch This Trade Level Since March 1, 2019, leading pharmaceutical giant, Pfizer Inc (NYSEFE), has been selling off on the charts. The stock is now testing its 200-day moving average around the $41.50 area. Traders should note that if the stock breaks its recent low at $40.34 it would signal another move lower in the shares. The next important support level for PFE stock will be around the $37.80 level. This area should be defended when it is initially tested as it is the 100-weekly moving average and an area where PFE stock broke out in late July 2018. Nick Santiago InTheMoneyStocks
Microsoft Corp $MSFT Nears Major Resistance Shares of Microsoft Corp (MSFT), one of the biggest companies in the world has soared since late December, 2018. The stock traded as low as $94 and currently sits at $114.00. This is a whopping 20% move. Based on technical levels, Microsoft Corp has upside until it hits $115.25. Once there, it will have filled a major gap and be into the all time high pivot. This signals a likely pull back. Gareth Soloway InTheMoneyStocks
