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Gapdown

DDD showing weaknessIf you're looking for a sell opportunity then DDD looks promising. The decline has been steep since the high (which didn't quite touch $100) at the end of 2013. On the weekly chart price looks almost certain to end the week below the 200ma. If this does occur then a shorting opportunity may present itself (although we should wait one more trading day just to be certain). On the daily chart there was a large reversal candle at the 200dma (1st July) since which price has continued it's bearish move. A further gap down (on higher volume on 22nd October) gave yet more weight to a continued decline. There could be resistance at the $28-$30 zone but, if you like to short in an overall bull market, DDD should be added to your watchlist.
NYSE:DDDShort
by iAnneTrader
KORS major support break downKors is high-growing company with EPS for the past 5 years 130%. So, if it misses or meets with expactations on its report that will be soon on August 5th, it may frustrate investors and trigger further selling. Technically, it pierced psychological mark $100, but failed to close above, from hwere it sold off. It found support at $86 that was recently broken with powerful gap down. Now, it absorbs this big move down and consolidates very tight preparing for break out. I am going to initiate small position here with add when it will go through $81.50. Stop above $84 makes sence, then we have resistance (previous support) at $85.66 where 200 EMA is situated. $65 should be big level of support, because after broke up one year ago it caught nice follow through to its highs.
KShort
by andrew.berg
1
PM tight pattern gives calculated entry After V-shape move off the bottom on February, stock formed double top at $91.62 and sold off from there with two gap downs (means strength of sellers). I will us gap pivot point as stop/ Until it stays below $87, I am bearish. Price is below key moving averages. You can manage this trade in different ways I use active trade management. Enter with tier1 in this tight pattern, add tier2 and tier3 if it breaks down and close below $83.83. My road map is move to $79.
NYSE:PMShort
by andrew.berg
UAL is curling down This airline company found strong resistance zone at $48-$49. Bounced off it very agressively with gap down zone from $44 to $45 which is powerful sign that sellers keep control on price. From fundamental point of view there is tension in Iraq - one of the biggest supplier of Oil in the worls. Break in supplies leads to higher prices and then higher costs for transport companies. It pulled back to moving averages zone and now is curling down. You can put feeler here and on break down and close below $41.60 low. Potential Target could be reversal point from April 28 at $38.
UShort
by andrew.berg
1
EBAY heading into major supportEBAY is on my short list. As it trades below all key moving averages including the most important one 200 EMA, means that bears in control despite storng market and technology sector as well. Earlier it failed to hold above $58 (breakout point) and definitely it is not a good sign for buyers. Ebay gapped down on earnings on 30th of April with pivot resistance at $52.75. bounced from major support at $50 which also acts like psychological level, but this bounce was really weak. There are entries inside that range but for more confidence we need break down of $50 then I expect to see some follow through . Next reasonable support is at $46 which could be my first target.
NASDAQ:EBAYShort
by andrew.berg