Caution: Peloton Interactive (NASDAQ: PTON) Looks Ready to Move Lower
In a downtrend since January, its chart is too clear to ignore.
Read MoreAuthor: Rick Pendergraft, Trades Of The Day
Trading Global X US Infrastructure ETF (AMEX: PAVE) Could Potentially Double Your Money in Seven Weeks
The underlying security’s stochastic indicators have dropped down below the 30 level for only the third time since late October and made a bullish crossover last night. The last two similar instances saw shares return over 20%.
Read MoreTrade DR Horton (NYSE: DHI) to Potentially Double Your Money in Two Months
The stochastic indicators are the lowest they have been since January, and they experienced a bullish crossover on Friday.
Read MoreTrade Weyerhaeuser (NYSE: WY) for a Potential 100% Return by mid-July
Trending higher since late October, it just hit the lower rail of its trend channel and looks ready for its next leg higher.
Read MoreTrading Halliburton (NYSE: HAL) Could Potentially Double Your Money in Two Months
It’s my “Option Trade of the Day”.
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