$ET Inverse Head & Shoulders - Bullish options activity today with around $12M of calls traded See chart for possible near and medium term targets Note: Informational analysis, not investment advice.
$NVDA Bearish signs on the daily chart - Closed gap from late Jan near $156 then retraced - Rejected by the 50d ema on the daily chart - Formed shooting star candlestick marking possible near term top On top of all this, we saw some enormous put options activity today with upwards of $700M of March and June expiration puts traded at varying strikes all...
$BBBY Breaking Resistance - Near Term Upside Potential +20% - Targeting $18.80 Sept gap-fill by mid to late March - Looking for a close at or above $15.35 today for confirmation Note: Informational analysis, not investment advice.
$CRI Ascending triangle breakout as well as break through 50d ema today. See chart for possible near and medium term targets. Note earnings approaching later this month. Note: Informational analysis, not investment advice.
$NFX High Tight Bull Flag - Short Term Upside Potential +25% - Plan to wait for break through and close above $18.75 resistance for confirmation. - Earnings upcoming this month. Solid track record of beats should continue. Near term target - $23.50 by early March Note: Informational analysis, not investment advice.
$STX Seagate Technologies Earnings Next Week - Bearish Options Activity Big bearish earnings bet today on Seagate Technologies - with almost 17k $45.00 strike (ATM) March 15th puts traded vs OI of under 3k for total premium of $4.6M. See chart for near and medium term targets - assumes earnings next week is a miss and/or guidance/future outlook provided is below...
$EPD Closed above $27.75 recent resistance line appearing to break out from a bullish ascending triangle formation on the daily chart. Expecting further upside from here, targeting $30 level by March. Note: ER later this week. Adding to the positive sentiment, we saw some bullish options activity today with about 3k $20.00 strike (deep ITM) Jan 2020 call options...
$GRUB Inverse head & shoulders pattern has formed on the daily chart. Momentum indicators are gradually trending upward. Will be monitoring for a break-through and close above $83.00 resistance level for confirmation. Near-term target - $95.00-$100.00 range by mid-February (assumes positive ER early Feb) Medium-term target - Oct'18 $110.00 Gap-fill by...
$NBL Bearish MACD crossover imminent - expecting fresh lows by mid to late February. Also of note: - Put/call ratio has been steadily increasing this week (bearish sentiment growing) - RSI and MFI both trending down. Targeting $15.50-$16.50 range by next ER. Note: Informational analysis, not investment advice.
$TLRY Possible bullish spinning top candle today (LOD exactly $70.00 support level), will look for confirmation with green candle tomorrow. Positive sign - selling has been decelerating over last two days. See chart for near and medium term targets. Also of note - some bullish unusual LEAP options activity today with about 3k 2021 (two years out) calls at three...
$VRTX Overbought - beginning to retrace today closing well below yesterday's low, confirming bearish shooting star reversal candle from yesterday. Will be looking for additional 8-10% downside from today's close to the area of the 200d ema near term. (More downside possible depending on outcome of Feb ER) Target: $170-$175 range by mid February Also of note, in...
$VNQ Overbought at resistance - volume drying up. Price has been unable to break through 200d ema resistance line this week. Near term outlook bearish. Target: $71.00-$72.00 range by March Note: Informational analysis, not investment advice.
$AFL Aflac Double Top - rejected at $48 resistance. See chart for near and medium term targets. Short term bear case assumes earnings results announced next week are less than great. Note: Informational analysis, not investment advice.
$FNSR Bear Flag - Short Target: $18.90 Nov gap fill by mid February Note: Informational analysis, not investment advice.
$SE Looking overbought after tagging upper channel resistance yesterday. Target $10.00 by mid to late February Note: Informational analysis, not investment advice.
$BLK Missed on earnings and revenue estimates yesterday. Technically the stock looks to be in a clear downtrend since peaking in January 2018. Will be looking for a weekly close this week at or below the 200d ema line - approximately $412. Targeting $340-$350 range by mid to late March. Also of note, some bearish options activity this morning after the earnings...
$ACHC Forming possible spinning top on weekly chart right at the December gap-fill resistance around $29. After big earnings miss last quarter and removal of CEO in December, not much positive fundamental news to attract buyers leading up to another earnings release in late February. Targeting next support level at $20 by March. Also of note, some unusual bearish...
$TXN Texas Instruments forming into a descending triangle on the weekly chart. Rejected off the 20d ema line resistance last week. Targeting a move down to the $84.00-$88.00 range by March (assuming unimpressive or worse earnings report late January). Could possibly see us going as low as ~$80.00 to tag the 200d ema line. Also of note - unusual bearish options...