American Express Defined-Risk Short-Side Setup
Global payment and travel firm American Express Company (AXP) has participated nicely in the year to date rally, as its stock is 23% higher since the beginning of the year. While the stock’s longer-term charts still support higher prices over time, last Friday’s price action favors the odds for a short-side mean-reversion trade with clearly-defined […]
Micron Technologies Gapping Higher
Very much like the stock of Alcatel-Lucent (ALU), which I discussed HERE yesterday, Micron Technologies (MU) has been trading in the shadows of its heydays for over a decade. For a little perspective, see the below chart looking all the way back to 1999. What once was a high flying stock trading close to the […]
Gold
On July 2nd I scribed here (http://investorplace.com/2013/07/gold-might-finally-be-building-a-bottom/) that gold might finally be in a longer-term bottom building process. While the SPDR Gold Shares (GLD) exchange-traded fund now trades more than six percent higher since July 2nd, I also discussed that this bottom-building process will take time and marginal lower lows are still certainly a possibility. […]
Abercrombie & Fitch At Decision Point On The Charts
Casual sportswear apparel retailer Abercrombie & Fitch Co. (ANF) has seen a choppy going year to date but has rallied strongly off the June lows. In fact, the rally since the June 24th lows in the broader market has now taken the stock right back to an important area of resistance where the stock has failed […]
Dollar General Double Top, Now What?
Discount retail store operator Dollar General Corp (DG) reported its latest earnings yesterday May 4th. Courtesy of a weak report across the board the stock closed 9% lower on the day, taking many of its competitors with it lower as well; Family Dollar Stores lost 2% and Dollar Tree Inc (DLTR) lost 1%. They say […]
Apple renewed on slippery slopes
It’s now nine trading sessions ago since I last mused about the technical picture of Apple Inc. (Nasdaq: AAPL). On March 25th I discussed (here: http://investorplace.com/2013/03/apple-still-has-some-technical-juice-left/) that the stock looks to have enough juice left for another marginal move higher, while the $450 area would be my line in the sand to potentially consider the short […]
Apple, Time To Monitor For Bouncability
On January 25th I discussed here ( http://investorplace.com/2013/01/apple-hits-our-target-whats-next/ ) that post the gap-down sell-off earnings reaction from January 24th in Apple Inc. (AAPL) , risk/reward in the short side was worsening. The emotion-filled stock has since bounced, then continued to slide lower where it currently sits roughly 3.50% below my note in late January. So, […]
Post Netflix’ Monster Move – Revisiting The Charts
On January 22nd I discussed ( http://investorplace.com/2013/01/netflix-bulls-need-to-hit-the-pause-button/ ) the crossroads which the stock price of Netflix (NFLX) had arrived at after hitting a price target which I discussed on December 6th ( http://investorplace.com/247trader/2-stocks-same-setup-nflx-and-big/ ). The day after my January 22nd analysis, on January 23rd the company announced its earnings and the stock screamed higher to […]
Wal-Mart At Critical Technical Juncture
The broader stock market is up big already for 2013 considering we are just one month and a few days into the new year. One stock which hasn’t all that much participated is Wal-Mart Stores Inc. (WMT) as it currently is up just around 2.00% for the year. Wal-Mart Stores Inc. (WMT) traded in a […]
A Giddy Stock: Alcatel-Lucent (ALU)
Global mobile phone manufacturer and telecommunications equipment company, Alcatel-Lucent (ALU) is a tale of two tapes. What once (pre-merger of Alcatel and Lucent Technologies) was a cult stock with an interesting business in the late innings of the 90’s has since turned into a company operating a commodity business with thin margins and a stock […]