Disney's price on a crossroadHolidays are over and it is time to get back into the markets, refreshed and with new strength.
I am making another revision of Disney as the price on Friday closed at the internal trend support and played out the small bearish flag. Volumes were higher than Thursday as there were 12.23M shares traded against 8.951M shares on the day before Friday. The activity had increased before the weekends, but with that dip buying before the close, it looked more like long position covering.
Now two options are on the table that will be crucial if confirmed by the price action.
1. Price dips inside the $165 - $169 zone and we may see potential trend-reversing price action;
2. The zone holds and Disney'sprice resumes inside the uptrend with the broader market;
Be cautious on the first trading day after the break.
Stockstrading
CALM Technical Analysis 🧙Cal-Maine Foods Inc produces and sells shell eggs. Its main market is United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and foodservice distributors. The company's brands are: Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain
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BMA Technical Analysis 🧙Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. The firm generates most of its revenue from Argentina.
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TTNP Technical Analysis 🧙 Titan Pharmaceuticals Inc is a specialty pharmaceutical company. It is engaged in the development and commercialization of pharmaceutical products. The company product pipeline consists of Probuphine for Opioid addiction, Ropinirole for Parkinson's disease, Triiodothyronine (T3) for hypothyroidism. It generates revenue principally from collaborative research and development arrangements, technology licenses, and government grants.
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DBV Technologies rally on Positive FDA CommunicationDBV Technologies Spikes on Positive FDA Communication
DBV Technologies received positive responses from the U.S. Food and Drug Administration regarding its application for a peanut allergy treatment.
The U.S. FDA provided type A meeting requests to the questions the French company submitted in October following its receipt of a complete response letter in connection with its biologics license application (BLA) for Viaskin Peanut DBV712, its once-daily epicutaneous patch to treat peanut allergy in children ages four to 11.
"We are very encouraged by the positive feedback received from the FDA, and we appreciate the clarity provided," said Daniel Tassé, CEO of DBV Technologies. “We look forward to working with our investigators, clinical trial sites, and key stakeholders as we continue in our development of investigational Viaskin Peanut."
DBV says it will address details about a new human factor validation study and additional chemistry, manufacturing and controls data in subsequent communication with the FDA.
"We intend to advance a remediation plan for Viaskin Peanut and work closely with FDA to review protocols and re-file our BLA as soon as possible, so that we can bring Viaskin Peanut, if approved, to patients suffering from peanut allergies," Tassé said.
www.thestreet.com
finance.yahoo.com
BlackBerry sold 90 smartphone technology patents to HuaweiShares of BlackBerry (NYSE:BB) soared Thursday despite an apparent lack of company-specific news. Investors may have been responding to a report published earlier this week that said the company sold some of its patents to Huawei.
Canadian newspaper The Globe and Mail reported Tuesday that BlackBerry had sold 90 smartphone technology patents to the Chinese technology giant Huawei.
BlackBerry stopped manufacturing smartphones back in 2016, but the company still has a large number of patents relating to those devices. Selling some of them is yet another clear sign that it has moved on and is putting its efforts into other businesses.
investors may be continuing to express their positive sentiment toward the tech stock, which is up more than 100% over the past six months.
www.fool.com
Full Commercial Launch of Tigereye(TM) Image-Guided CTO CrossingAvinger Initiates Full Commercial Launch of Tigereye(TM) Image-Guided CTO Crossing Catheter
With the initiation of full commercial launch, current and prospective accounts throughout the US and Germany are now able to order the Tigereye device.
During the fourth quarter of 2020, Avinger conducted a limited launch at 12 clinical centers in the U.S. and Germany. Approximately 50 CTO cases were successfully performed, showcasing Tigereye's advanced clinical capabilities and excellent product reliability in a variety of lesion types and settings.
The limited launch program demonstrated Tigereye's strong clinical results and efficiency across a wide range of PAD cases
"We believe full commercial availability of the Tigereye device will be an important contributor to expanding our revenue growth opportunities in 2021, both in terms of attracting new Avinger user sites and supporting higher utilization per site,"
finance.yahoo.com
Sale of Manufacturing Operations and Global Supply AgreementAcorda Therapeutics Announces Agreement for Sale of Manufacturing Operations and Long-Term Global Supply Agreement for INBRIJA®, Corporate Restructuring, and Enters into "At The Market" Offering Agreement
$80 million up-front payment will substantially increase cash balance
Sale, restructuring and other operating expense reductions will reduce annual operating expenses by approximately $40 million
Total 2021 non-GAAP operating expense guidance expected to be $130-$140 million1
At The Market (ATM) offering allows the sale of common stock at aggregate value up to $15.25 million
Supply agreement will ensure uninterrupted supply of INBRIJA (levodopa inhalation powder) to people with Parkinson’s
finance.yahoo.com stock
Biomerica’s Covid-19 Antigen Rapid Test Receives CE MarkBiomerica’s Fast 15-Minute Simple to Use Covid-19 Antigen Rapid Test Receives CE Mark
Biomerica receives first orders and plans to ship tests in coming weeks
Clinical studies demonstrated an overall performance of 94.7% positive agreement (sensitivity) and 99.7% negative agreement (specificity) as compared to lab-based molecular PCR tests
The Company has already received its first European orders and plans to ship the first part of these orders in the coming weeks. The Company will now begin marketing this product broadly in Europe and other regions outside of the US.
merica’s new COVID-19 Antigen Rapid Test is highly portable, affordable, and provides results in 15 minutes with no equipment required to perform or read the test.
finance.yahoo.com
CCIV surge on news of plans to take Lucid Motors public via SPACChurchill Capital Corp IV extends 2-day surge to over 50% on news of plans to take Lucid Motors public via SPAC
Shares of Churchill Capital Corp. IV are up over 50% in a two-day streak to start the week.
News of the SPAC potentially taking EV company Lucid Motors public is driving the share price higher.
The fourth of seven 'blank-check' companies operated by Michael Klein, Churchill Capital Corp. IV's plan for Lucid Motors would keep the SPAC craze going in 2021.
the partner firm is Lucid Motors, a relatively well-established EV manufacturer based out of Newark, California, and which targets the luxury end of the car market. The deal could potentially value Lucid at $15 billion, according to Bloomberg.
markets.businessinsider.com
GameStop (GME) Falls At Heavy Resistance - Squeeze or Dump?Just posting this chart by request. I've been following GameStop for a while. Michael Burry bought a large position over the past year, yet price continued to head to new lows. Meanwhile, a trader I know made an observation of share price's reaction to major console releases. I was a bit skeptical of the bullish argument at first, but clearly it turned out to be correct in the medium term. I will explain why, a little further down.
This chart shows some important trend lines. I'm using the monthly chart because GME has a relatively long price history, and the 50 Month MA (red) seems rather important. The trendlines in this chart I actually drew many months ago. One of them served as resistance on the recent move.
If GME can head back up this week and sustain above that first teal trendline and the 50 month MA, there is the possibility of an enormous short squeeze. On the other hand, if price rolls back below the first red downtrend line, it can easily dump back to the lows.
This isn't an attempt to predict where price will go next, but just to outline the structure of this stock. In the broader picture, video games have actually gone up in demand over the last year. With much of life being relegated to the home, entertainment has become even more vital. Retro games are also selling at much higher prices than before the pandemic. Especially if fiscal policy continues to favor a weakening dollar, we can see some fairly ridiculous price action on equities for a little while until an inevitable bubble pop. For GME, if price breaks and holds the $13-14 resistance again, we can see $29-30 fairly quickly. If it breaks above all my downtrends, it can even reach a new all-time-high, as ridiculous as that sounds. This is not financial advice! This is for education, entertainment, and speculation only.
-Victor Cobra
This ACRX Penny Stock Could Surge Over 300%, Say AnalystsThis ACRX Penny Stock Could Surge Over 300%, Say Analysts
AcelRx is a pharmaceutical company dedicated to the creation of safer treatments for acute pain, developing synthetic opioid drugs for sublingual (under the tongue) dosing.
The company’s main product, Sufentanil, was approved by the FDA under the name Dsuvia in 2018, and by the EU as Dzuveo that same year. A second sublingual Sufentanil system, under the name Zalviso, has also been approved for use by the EU, and is in Phase 3 trial in the US.
In its most recent earning report, the company showed $1.4 million at the top line, driven by $1.3 million in product sales. The sales figure was up 433% sequentially, and the total revenue figure was up 133% year-over-year.
Cantor analyst Brandon Folkes is upbeat on Dsuvia’s prospects as an alternative to current opioid treatments, and he believes that potential will boost the company’s stock.
As ACRX launches a true alternative to IV opioids, we expect investors to begin to appreciate the value of the product.
In line with his bullish stance, Folkes rates ACRX a Buy, and his $9 price target implies room for a stunning 552% upside potential in the next 12 months.
finance.yahoo.com
Revisiting XLE and the recovery of the energy sectorUpdate from a previous post: XLE developing nicely as the price has managed the get out of the range and yesterday we opened with a gap and there almost no attempt to push the price down and to fill the small gap. MACD's crossing is widening and the histogram is expanding as well. RSI moving to the overbought zone, but there is some more room for additional movement North before any correction. The energy sector is starting to recover more and more and demand for the ETF is rising as well. Volumes support the recent movement. My short-term target is $47.
Update on Disney: price stalling at the topsIn my previous post, I've mentioned that Disney is dangerously high and that technicals are screaming for a correction. Some time has past and the price is still stalled around the highs. RSI has already dipped quite below the 70 line and MACD's crossover is spreading wider. The histogram is increasing as well. We have a small subdued bearish flag (the figure marked in red lines) that with Yesterday's close it has been breached, though not with a strong intention. Two key zones (the squares in blue) remain to be passed to speak about testing the trend and eventual reversal of that uptrend. The target of the figure is implying for a potential move towards the gap level and the trend support zone.
VOXX posted fantastic strong third-quarter resultsVOXX International Corporation Reports Its Fiscal 2021 Third Quarter Financial Results
The entertainment systems specialist posted fantastic third-quarter results.
The maker of consumer electronics and automotive entertainment systems saw third-quarter sales rise 83% year over year to $201 million. Earnings jumped from $0.10 to $0.74 per share . Your average Wall Street analyst would have settled for earnings near $0.02 per share on revenue in the vicinity of $113 million.
Consumer electronics sales rose 74% to $80 million , driven by high consumer interest in premium audio products. A new distribution deal with Onkyo and Pioneer also contributed to this segment's rapid rise.
In the automotive electronics division, Voxx saw sales jump 105% higher to land at $62 million . This increase was powered by the recent acquisitions of Vehicle Safety Holdings and Directed Electronics Canada, with an assist from rear-seat entertainment systems and aftermarket security products.
The fledgling biosecurity segment posted sales of $300,000 as car makers started to take delivery of iris authentication systems from EyeLock, a Voxx subsidiary.
Voxx CEO Pat Lavelle expects demand for the EyeLock iris-scanning security tools to rise exponentially.
The stock trades at multi-year highs today with the backing of healthy financial results. Growth investors should keep an eye on this exploding turnaround story.
www.fool.com
USWS and RRC Finalize Extension of Electric Frac Contract U.S. Well Services and Range Resources Corp. Finalize Extension of Electric Frac Contract
finalized an extension of its contract to provide electric hydraulic fracturing services-revolutionary Clean Fleet® electric hydraulic fracturing solution for Range Resources Corp. (NYSE: RRC) in the Appalachian Basin.
finance.yahoo.com stock
ESSEX PROPERTY TRUST BUYBack at tradingview after few years!
Currently looking at Essex Property Trust, which is a real estate firm. Good dividend stock, stable earnings per share, large payout ratio, more than 12 years of consecutive dividend increases.
Fundamentals are not looking too bad for 2021, with the potential rebound of the US economy. Has been putting up a lot of debt, not necessarily a bad thing for real estate companies. In the current low-interest environment, I rather see them putting up with more debt in order to purchase/expand to more buildings.
Technically, there is divergence on RSI, the upward gap is filled. To me seems like a reasonably good price to get in.
Pfizer long confirmedIn addition to the portfolio long on Pfizer will be added as the session starts. Double doji candles and MACD crossover and RSI is rising above 50 are enough as confirmation. I've been tracking PFE since the end of December and now an opportunity to buy stocks of the company has revealed. My target is $44 - $44.80.
Stock to watch: Veru Inc (NASDAQ: VERU)NASDAQ:VERU
An interesting stock to watch.
The asset is in a 1,5 month uptrend without major pullbacks + MACD Crossover indicator's Long signal is still in progress.
The buy zone is marked out, targets are 12.5, 15, 18, 23,88 and towards the all-time high.
Invalidation: closing below the gap.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
Stock to watch: Marathon Patent Group Inc (NASDAQ: MARA)NASDAQ:MARA
An interesting stock to watch.
The asset is currently in an uptrend + the MACD Crossover indicator Long signal is still in progress.
Marked out the buying zone.
Further targets are 40.12 , 87.04 , 153,12 and towards the all-time high .
Invalidation: closing below previous consolidation's low at around 9,62.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.