CSCO - Retesting after a Break HigherWatch when if it triggers for large volume. The EMA's are headed bullish and bounced off the 50 EMA. The SMA's are headed steadily higher. Stochastics gave a buy signal recently, RSI is slightly overbought and MACD recently is giving a buy signal. BB need to be broken. ADX is around 35 and would agree with the trade if it headed higher if it confirms.
Trigger is $28.48
Stop is $26.28
Target is $33.81
Tradeyourplan
AEM - Retest and FailThe volume has been increasing on the bearish move lower. EMA’s are headed bearish steadily following this move lower. The SMA’s gave a bearish cross recently. Stochastics are giving a sell, RSI is headed lower and MACD is giving a sell. The BB have been broken bearish and ADX is headed higher from being sideways. Yesterday there was a bearish retest gap with the stock headed back bullish and testing resistance, failing and finishing the day strong bearish. The 15 minute ADX is somewhat high so I would expect some sort of pullback for at least part of the day which presents a decent selling opportunity.
Swing trigger is $22.76
Stop is $26.33
Target is $15.40
BBRY - Blackberry's steady riseOver the last year BBRY has been making steady gains higher from the low of $5.50. The volume has been mediocre recently. Near a support/resistance zone and the EMA's are sideways. The SMA's are sideways as well. Stochastics are sideways looking to give a sell signal, RSI is headed lower and MACD is looking to give a sell signal underneath the 0 line. BB are tightening. ADX is at 17 and headed lower just slightly. If there is confirmation this week, I'd be weary of taking the trade before the next earnings coming up soon.
If triggers, more bullish than bearish.
Trigger $11.71
Stop is $9.48
Target is $17.61
R:R 3:1
More importantly, has the government given up these phones yet? What's keeping them going?
C - Awaken the sleeping giantCiti has been consolidating for about a year now. EMA's aren't extremely bullish but they're headed higher. Oscillators (Stochastics, RSI and MACD) look good for a bearish move. Just broke through the BB today with the relatively large shaved top candle. ADX is resting at 20, so it has plenty of room to get into the swing of things if C decides to make a run at closing the long standing gap.
USD/CAD - Can't stop the Bounce?IMO, looking right. Descending channel looks is broken. EMA's will start to agree is the move continues. Oscillators are giving their approval and BB have been broken bullish. ADX has plenty of room to gain legs. Looks like a healthy pullback on the 1 day, and 1HR is ahead of the 4HR with a bullish move.
R:R - 1:2
Trigger : 1.3624
Stop : 1.2167
Target : 1.6446
ATVI - One more ride?The volume has been dicey recently. The EMA’s are converging and we are looking for a cross. The SMA’s are slowing down looking to hug each other. Stochastics are giving a buy, RSI is getting high and MACD is saying hi (lol, sorry for that). BB would need to be broken (which they were today). ADX is level with room to move on this one. I played ATVI in June on the up and it worked out fairly decently, so I trust it (as much as you can). R:R is 1:3.
Trigger is $21.70
Stop is $20.80
Target is $23.86
BLMN - How about a holiday run?Low volume is looking sad. The EMA’s are headed higher with some separation between them. The SMA’s are level which wouldn't be bad for a move higher. Stochastics are overbought with a little room to move higher if needed, RSI is overbought as well but not comical yet and MACD is looking indecisive making this trade look slightly gloomier.BB still separated because of the gap higher a couple weeks ago. ADX is edging higher over 40. R:R 1:2 (sorta).
I'll pass, but it was on the list for this week.
Trigger (close) $22.73
Stop is $20.45
Target is $26.80.
BKS - Paperback into Greenbacks?The volume has been nothing to write about, so why do it? The EMA’s are edging higher and would agree with a move higher. The SMA’s are steadily inching higher as well. Stochastics can be interpreted either way, but more than likely a sell signal at resistance, RSI is very overbought and MACD is playing right along with the recent buy signal. BB are following the move higher in a bit of a squeeze. ADX is really high at 55. This looks like a no go even if it confirms at the trigger $25.02. Wait for it to slow down a bit and for everything to reset.
HPQ - Will it get it's legs back?The volume has been on the low side recently. The EMA’s are headed higher with bullish separation and angle. The SMA’s are headed bullish. Stochastics are giving a buy signal in the (slight) overbought territory, but they have room to move if needed, RSI is headed higher and isn’t oversold quite yet and MACD is catching up with itself to eek out a sell signal, but right now it hasn’t. BB are converging and looking to be broken if the trigger is hit. ADX is resting around 33 with room to run. R:R would be almost 1:1.5.
Trigger $38.30
Stop is $35.98 (could get away with $36.54)
Target is $41.50.
Not a good R:R.
RFMD - The gap triggerThe volume recently has been about average. The EMA's are headed higher with a large bullish angle. The SMA's are inching higher as well. It's coming into a resistance zone at 14.84 so be wary of reversal signals. Stochastics are slightly overbought and could be interpretted either as a buy or sell, RSI is level at 76 in the overbought territory but still has room to move and MACD is level looking for either a buy or sell signal as well. The BB are separated but slowing to converge. ADX is headed higer at 48. This looks like it needs a slight break and I'd be weary of a move higher. If it confirmed at 15.50, I'd wait for a slight retracement before getting into this bullish.
R:R - 2:1
Trigger - $15.55
Stop - $12.99
Target - $21.50