Wells Fargo stock price declined to $45 on market’s open yesterday, after the bank announced its Q4 earnings. The uptrend that followed up is a great example of how to trade stocks during earnings season. Once again, I am going to talk about support and resistance levels. Only this time,
As Twitter stock price is moving up into uncharted territory, these are two likely profit targets to trade out; $66 and $73.50. Why there? I have used the 1-hour chart of Twitter stock, in order to: Measure the range of last week’s pullback; and Draw the 161.8% Fibonacci Extension level.
Candlestick and bar charts are the most widely known types of graphs in finance. What about box charts? I had not even seen one before reading the trading book, “Trade Chart Patterns like the Pros”, written by Suri Duddella. Suri discusses about box charts in the first chapter and particularly
Wal-Mart stock is in the news today due to the Q3 earnings report. The reason I am writing about WMT stock though is to remind you the words I had written about this stock during the previous earnings report 3 months ago when WMT stock was trading at $75: I’m
Ladbrokes, William Hill, Betfair, 888 and Bwin/PartyPoker are 5 of the most popular online gambling sites. Their stocks are trading in the London Stock Exchange (LSE) and you’d better be well informed before investing in these gambling stocks. During the past months European Union is trying to regulate online gambling
What happens when you are a shareholder of a company that is acquired by another one? In the case of PSS World Medical Inc. your investment gains 30% in a day following the announcement of the acquisition by McKesson Corporation. That is exactly what is happening today regarding PSSI stock;
Monster Beverage Corporation is all over the news since FDA began investigating of five deaths associated with Monster energy drink yesterday. The breaking news resulted to a 14.23% decline of the Monster stock during Monday’s trading session. However MNST stock had barely moved in the first 4 hours of trading.
Today is the 11th day of testing my swing trading system at the US stock market. The market’s open was quite favorable for my positions today, as I’m already up $500 comparing to yesterday’s stock prices. I’m still long X and ANR, the two best performing stocks of the portfolio.
The stock portfolio of the swing trading system still shows a positive profit and loss statement after almost 10 days of testing the strategy, despite the realized loss of $1,200. On Monday’s close of the market the unrealized profit of 22 stocks comes down to $1,450 for a net profit
BAS stock was the eighth top gainer since market’s open yesterday gaining 4.45% on previous close, failing though to print a new high. Plenty of reasons however to buy Basic Energy Services shares today, due to the piercing line candlestick formation right on the support level (same indicator when I
Rumors say that Seagate might provide a surprise with today’s Q4 2012 earnings report by announcing the acquisition of OCZ. Speculation about Seagate matching with OCZ has been around for quite few weeks and there is no better time to surprise the market other than the earnings season! Seagate consensus
Stock Chart Analysis before Today’s Earnings Report of Google, Microsoft, Philip Morris, Morgan Stanley and Others (Part II)
Having already discussed about companies announcing earnings reports before the market’s open in part I like Philip Morris and Morgan Stanley, we move on to earnings reports being announced after the market’s close. Big companies like Google and Microsoft will most probably be in the news tomorrow alongside with others,