Trendyprofits
$SBUX Follow-through $SBUX is following through on a great last two weeks of price action. On a down day in the markets overall, the stock is up over .5%. The next hurdle to get through is the year long resistance level at $58.10. If this can break and hold, the stock has nothing but clear skies ahead.
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$SBUX Buy$SBUX has finally reached a buying opportunity! The stock has successfully held last weeks breakout
The RSI has crossed the longterm downtrend and is above the 50 mark
MACD has crossed and held
Volume was large last week, and continued into this week
Continued earnings growth
Order set for a limit purchase at $56. position size 100 shares ($5600)
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$SBUX Getting Interesting$SBUX may be coming back into play. With a better than expected quarter (in my opinion) and really putting the focus on Chinas growth, we may have a breakout.
CMF is still in an uptrend since September
MACD is looking like we may have a shallow cross
RSI has ticked back up
Support at the $52.50 mark was held and bounced.
All these together make it go higher on the watchlist. Keep your eye on this one.
$PANW Cup and HandleSwitched to the daily for this pattern. Looking at a cup and handle into earnings. After a breather this past year, cyber is becoming another hot topic with the election. Pay attention to this as the next 2 weeks go. Im a buyer on volume
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$FB Rinse and Repeat?$FB is currently in a post earnings dip (a good thing). This is what is needed in order to reset the stock to afford us another buying opportunity. As you can see, the stock has made a habit of dipping around 10% for around 70 days before the breakout occurs. If this holds true, the best buying opportunity comes in around day 50-55. This would set the stock in the current $120 range, but we have to make sure there is no breakout for 5 weeks, or it doesn't meet the buying requirements. Be patient and maybe good things will come.
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$SBUX Continues to Slide$SBUX continues its slow decline through 2016. After an incredible run in 2015, this is to be expected. Although $SBUX is still maintaining its dominance in the coffee world, it is at the end of its massive growth cycle. I expect growth to be incremental in foreign countries and China to determine the course of the stock over the coming months/years. Until it sees a turnaround in volume and RSI...keep this on the long term watch list.
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$NFLX StaleNFLX has been stale, like predicted, since May-June. We all want to see subscriber growth and the long term plan for taking over TV. With such high valuation, the stock needs to perform. I recommend waiting until earnings to make a decision, but if you are a big risk, big reward type of investor...if you feel confident, now may be the time to strike.
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$CRM Bounce?CRM is currently leveling out around the $73 mark. The past pull back was only to $73. This is a key level of support for the stock. Also, the MACD is curling and could break through. Either way this is a key level. Bounce = Buying opportunity, Drop = wait/selling opportunity
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$LULU Falling$LULU has been one of the hottest stocks this year....until today. Their mixed guidance for next year is nothing to worry about. If you don't live in a cave you know every girl either wants or wears lulu. I know there are cheaper options, but lets be honest...they are a status symbol. As long as the stock holds $67, i think you pick some up.
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$NFLX Testing$NFLX is currently testing the upper resistance, MACD is flat and RSI is level. This could move either way. If it pops and resistance acts as support, buy.
$SBUX Unable to Breakout$SBUX was a MASSIVE winner in 2015, doubling its stock price. Since November of last year the stock has taken a breather. $SBUX has been unable to sustain a breakout over its MA's. CMF seems to have bottomed out and is leveling off nicely. We will keep a close eye on this stock as the year closes out. I expect $SBUX to regain momentum early 2017.
Short term = Neutral
Long term =Long
$NFLX Big Decision$NFLX is currently neutral. This will pop or drop on news. Look for the wedge to get tighter throughout the QTR and earnings to move this.
$AAPL Sustained Breakout$AAPL is sustaining a breakout after earnings. Long term investors can hop on this anytime.
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