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| Market Summary (continued) Thursday RUTX made the clean break from the 50 day EMA. SP400 started following that session, really stepping out more Friday. SP500 finally showed some pop as well, jumping from an 8-session lateral consolidation and importantly topping the May peak. Chips were up, DJ30 as well, but they did not make very significant breaks higher. More work to be done for those, but as with SP500, at least they have a road map to follow, i.e. the moves of the other indices. Leadership was not bad either. FAANG stocks shows some serious action. FB to a new all-time closing high despite the continual reports on privacy issues. GOOG rallied nicely off the 50 day EMA test. NFLX broke higher on solid volume from a 1.5 week consolidation. AMZN is still in that same consolidation. AAPL as well. Perhaps the latter two will follow the other FAANG leads as we would like SOX and DJ30 to do as well. FAANG was not the only game in town. Drugs/biotechs, energy, software, some key chips (e.g. AMD), TWTR, some metals, some materials (TREX) -- not garbage. Hey, someone had to be pushing the indices higher. Good to see there was some quality there; oh sure, it was not the industrial machinery or JPM (though the latter were higher), but these were solid stocks. Read "The Daily" Entire Weekend Summary Watch Market Overview Video Watch Technical Summary Video Watch Next Session Video
ACAD (Acadia Pharmaceuticals--$17.84; +1.20; optionable): Biotech Company Profile EARNINGS: 08/03/2018 STATUS: Always liked playing ACAD but it has not given many good upside setups in the past year. That has changed. After a nasty gap lower in late February wrecked a 4 month recovery and sent ACAD to a new low in April, the stock looks as if it has turned the corner for a new rally upside. ACAD put in a lower low in late April, but as it did MACD put in a higher low. Since then MACD has surged upside even as ACAD has moved laterally, fading to match the April low in June; momentum is definitely turning. Volume kicked in as well the past three weeks. Friday a solid break higher through the 50 day MA's with strong volume. May not rally to a new high anytime soon, but it can easily run back up to the 22 level where it consolidated before that sharp April gap lower. We want to initiate the play as ACAD continues the break higher through this resistance. CHART VIDEO Volume: 4.6M Avg Volume: 2.986M BUY POINT: $18.16 Volume=3M Target=$22.49 Stop=$16.73 POSITION: ACAD SEP 21 2018 18.00 C - (55 delta) &/or Stock Receive a 2 week trial and if you stay on receive a $30 per month discount! | ||
| 2) STOCK SPLIT REPORT Playing stock splits can be very profitable, but it takes know-how. Our stock split service focuses on three main types of plays: 1) pre-announcement (where we forecast an upcoming split prior to the company making the announcement); 2) pre-split (these plays are made in the days leading up to the actual split day); and 3) post-split plays (plays made after the actual stock split where the stock is showing continued or renewed strength). Listen to Stock Split Report Editor Jon Johnson's stock split interview on CNBC-TV [ View Here ] Here's a leader play and our current analysis.
Company Profile EARNINGS: 08/02/2018 STATUS: Cup w/handle. After a peak in mid-March, ATVI carved out the current 3.5 month base. The past 4 weeks ATVI has build the handle, using mostly the 20 day EMA though there was a quick one-day trip to the 50 day EMA. ATVI bounced right back up ff that test and continued working on the base. Excellent positioning for a breakout to a new all-time high. The play is to wait for the breakout move to enter, riding that toward earnings. At that time it depends upon how ATVI looks, i.e. how much mileage it puts on the breakout as to whether we bank all the gain or part. CHART VIDEO Volume: 2.876M Avg Volume: 4.97M BUY POINT: $78.03 Volume=7M Target=$89.68 Stop=$74.34 POSITION: ATVI NOV 16 2018 77.50 C - (53 delta) &/or Stock Learn more about our Stock Split Report and how we have made gains of 321% with our powerful stock split plays! Save $360 per year on the Stock Split Report! Plus 2 week trial! | ||
DOCU (DocuSign--$54.95; +0.33; optionable): Cloud services, document signatory, etc. Company Profile EARNINGS: 09/06/2018 STATUS: A new issue in late April, DOCU rallied nicely to mid-June, peaking near 67. From there it tested into last week, coming back to the 61% Fibonacci retracement, putting in a very quick double bottom. It may want to test more, but with a new issue moving well they can show a lot of pop off the initial flag test. Showed good volume on a solid move Thursday, paused Friday with a doji. The entry is a break higher on more good trade. CHART VIDEO Volume: 1.178M Avg Volume: 1.89M BUY POINT: $56.02 Volume=2.8M Target=$66.72 Stop=$52.33 POSITION: DOCU SEP 21 2018 55.00 C - (56 delta) &/or Stock Save $600 per year and enjoy a 2 week trial of our IH Alerts Service! | ||
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--by the MarketFN STG Team NFG (National Fuel Gas Company) Company Profile Our Success Trading Group members will be looking to enter new positions next week. We have many stocks on our radar including National Fuel Gas Company (Ticker: NFG) and Walgreens Boots Alliance, Inc. (Ticker: WBA). Our Success Trading Group closed 7 years with 0 losses on our Main Trade Table. In fact, we closed 100% winning trades for the calendar years 2016, 2015, 2013, 2012, 2011, 2010 and 2009 (we still have 1 open position from 2017 (all others were winners) and 1 trade that we opened in 2014 was closed as a losing trade). All of these trades are posted on our Main Trade Table for your review during your free membership trial period. Get Our Next Trade Free - Save $50 per month! Details Here. | ||
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COHU - Cohu, Inc. is currently trading at $25.14. The August $25.00 Calls (COHU20180818C00025000) are trading at $1.50. That provides a return of about 6% if COHU is above $25.00 on expiration Friday in August. Company Profile Learn more about our Covered Call Tables | ||
Stock Split Report: Forbes.com Best of the Web Covered Calls: Allowed in your IRA - Energize your portfolio! The Daily: "The Daily" is a must read for all investors! Success Trading Group: 7 years without a trading loss! | ||
| The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Online Investment Services, LP., or Split Ventures, Ltd. This information is not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. No one associated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites. This email was sent to eaafedt.BlogMFN@blogger.com. | ||
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1 comment:
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