Get started

Bounce

Look for bounce on Carnival Cruise Line in 46.50-48.10 rangeCarnival Cruise Lines has been dipping on news that one of its ships spilled 5900 gallons of gray water into the ocean at Port Canaveral. The incident doesn't actually pose any risk, however, because the EPA is not imposing any penalties. Accordingly, I expect CCL to recover soon, with a bounce in the 46.50-48.10 area. Entertainment, leisure, and hospitality has been an extremely strong market segment for the last quarter, and CCL beat analyst estimates by over 20% on its last earnings report. The company's 4% dividend and approximately 11 P/E make it a good value even if the sector's outperformance doesn't continue in Q1, but there's no reason yet to expect a slowdown in this market segment.
NYSE:CCLLong
by ChristopherCarrollSmith
EDIT - EDITAS Genetics time to accumulate and play bounceHello all, Notice MACD, RSI and 50 day MA trends for EDIT. I am planning to accumulate calls this week and some last week to play the bounce signaled by RSI and MACD into the JPM healthcare conference on the 15th where these biotechs present promising results and play pop. Plus biotech is a risky defensive bet - mutually exclusive of Iran - these biotechs are still getting bought out and FDA is approving new drugs like candy.
NASDAQ:EDITLong
by ketokat
Possible bounce levels on ZumiezZumiez reported better-than-expected earnings, and as a result, analysts have been revising the earnings outlook upward. I'm targeting about $37 per share for my exit based on the current earnings forecast. Zumiez rocketed after the earnings announcement, but has been dropping since. I've identified four possible bounce levels; we're already at the first. Scale in at the support lines or watch for a trend line breach to confirm a bounce.
NASDAQ:ZUMZLong
by ChristopherCarrollSmith
BITCOIN TARGET HIT - WHAT'S NEXT?What a week we had in crypto market!!! Our target of $6650 was met precisely! I mentioned that we should expect $500-$1000 candle, and we had 500$ move couple days after.. :) I expect consolidation of some sort to be seen before bullish rally.. Orange box is consolidation zone 0 if we close above on daily - longs can be opened with best R/R ration depending on your trading management. Next target is $7750-$7850 region with possible spikes to ~$8000.. Only closing daily above $8500 would switch my bias and it can turn out to be strong bull rally - until then, I'm sticking to the green regions as my TPS Keep in mind that we have important zones to cover lower than our recent low - that's why I think it will be just a "dead-cat-bounce" before continuation lower.. A lot of choppy price action to be expected too! *Don't forget to take profits if you see market turning around at crucial zones. This is not a financial advise. Have a good one!
BITSTAMP:BTCUSDLong
by Patrikas10
2
Ally Financial an undervalued stock setting up for a bounceI don't love banking stocks right now because they have so much bad debt on the books, but Ally Financial looks good for at least a short-to-mid-term play. With a P/E of 7.62 and a valuation rating of 94/100 from S&P Global Market Intelligence, Ally looks very attractively valued. It beat estimates and raised guidance on its last earnings report, its earnings grew 10% last quarter vs. the same quarter the previous year. With a 2% dividend yield, Ally offers decent quarterly cash return as well as good growth potential. Best of all, Ally is sitting on a support and looks ready for a bounce from $30 per share. This is definitely my pick of the day. For more market news, stock analysis, and educational videos for traders, check out my YouTube channel, "Wall Street Petting Zoo."
NYSE:ALLYLong
by ChristopherCarrollSmith