$NCS Potential Head and Shoulders Bottoming Play? 2x Possible Your main pickle here fellow traders. I believe a clear trade setup is here. Merger with Ply Gem might let this one take off. Green lines are/were uptrend channels, red for downtrend. Brighter colors for more recent/relevant ideas. Setup as follows:
Entry below ~$7.00
Exit between ~$15.00-$16.00 - possible taking profits at other levels on the way up (i.e. $10, $12, $14, etc.).
Stop loss ~$6.00
Happy trading, don't get in a pickle!
The Shill Pickle
Construction
NATGAS - this could be really bad times for natural gasAfter last years end rally the gas price knows only one direction - down
The price is now near very important resistance which has last high volume in this price area.
This market is currently no trading area - wait for short confirmation and enter the trade after support line break
Should 2,500 not break down the market has to be re analyzed
The technical trend construction shows clear down trend which hasn´t been broken after last high, end of 2018. If we follow the textbook next step is lower low than the last low from 2016.
Good luck to all !
DE: Earnings Stock of the Day Deere & Company is one of the last to report earnings of the Dow 30 components today. High Frequency Trading firms (HFT) focus on blue chip earnings reports. DE is holding above the topping completion level for now but remains in a volatile trading range. All black lines on this weekly chart were drawn in the last quarter. Bounce support areas are defined in red.
Although farm and construction equipment (mostly construction equipment) has been in high demand over the past couple of years as the US economy enjoyed its final expansion mode, that demand has declined since early this year. Deere is dependent upon construction cycles. Construction Cycles are dependent on the Real Estate Cycle, which is trending down to trough. Many real estate companies are finding it very hard to unload inventories of homes and commercial properties.
$DAVC Israeli Construction Company To Release Update Soon on PJTChart shows a break back over .01 is very imminent. Below is the current DD and anticipated updates:
investorshub.advfn.com
NCI Constructively forming handle base at 15.75 after 6-7w cupNCS
NCI is a near $2B business, which just merged with Ply Gem Corp. also $2B business forming larger construction and engineered products business
* Forming handle in likely break from Fibretrace 0.786 at $15.75 to $17.00 indicating break-out
* Drop to 14.10 not likely as relative strength and sales growth in construction and housing products after Hurricane Florence
* Fibretracement to 0.612 and 0.5 is 8 and 13% gain, however construction stocks grow on calender until Jan-Feb.
* Cup & handle formed once return to retrace 0.612 of $17.00 handle will be formed and NCS will jump to 18.75, 19.80 (+25%), 21.55 or 23 range nearing 52w high (23.35) based on typical resistance zones.
* Hurricane Florence will inpact Q3-4 sales. August earnings were 0.07 suprise at 0.54 from 0.47 expectations.
* No dividend and slight selling with insiders. Looking for 20% target here with handle form, and 25% entry now.
HD LOW
KMTUY; long heavy machinery anyone who as been to the US always says the same thing; "Wow, there's just so much space here!"
Well china and russia the same way... huge countries with some mineral wealth that a) need it extracted and b) need to take the profits from exporting this mineral wealth and turn it into paved roads, water purification centers, hospitals, etc... the developed world!
A few companies do this $CAT $DE and $KMTUY
I have been long CAT for a long time, but recently have been eyeing KMTUY as it was falling... I think it could be oversold here and could move up with a tp1 of ~31.5 the KS
if we close below purple... probably time to close.
Manage your risk
GL HF
Xoxo
Snoop
Deconstructing Materials Stocks (an over-reaction to March data)The deconstruction continues in material stocks. The culprit this time around was a poor reading and interpretation of construction spending. I think it was a big over-reaction given the overall trends.
Deconstructing Materials Stocks. drduru.com $USCR $AYI $XLB
Rising Channel on Weekly graph of GoldField Corp GVA simple rising channel. Price action breaks $3.05 on weekly graph.
An expected high momentum will continue the rise in the next couple of days.
Target sell at $4.8 in the next few days.
I used VectorVest searches: Top VST-vector stocks and add a parameter as Stock industry group = Highest 10 by 10 day Price delta gives me GV is an undervalued stock, with a very high relative timing value. Construction industry soared in the last two weeks.