The weekly stochastic indicators are in oversold territory for only the third time since the beginning of 2019. In each of the two previous instances, the stock has rallied sharply over the next few months.
Trade The Drop in ProLogis (NYSE: PLD) for a Potential 75% Return in Two Months
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On Friday and the stochastic indicators made a bearish crossover out of overbought territory. Other instances of this pattern over the last four months or so and it has been a pretty good bearish indicator.
Trading CenterPoint Energy (NYSE: CNP) Could Double Your Money in Two Months
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It’s my “Option Trade of the Day”.
Trading Dollar Tree (NASDAQ: DLTR) Could Double Your Money in Two Months
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The underlying stock has been in a downward sloped trend since January. At the trend line now, the stochastic indicators are in overbought territory and have made a bearish crossover.
Trade Cleveland Cliffs’ (NYSE: CLF) Downtrend for a Potential 75% Return in About Two Months
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Year to date, it’s been in a slight downtrend and it hit the high a few days ago.
Trading BHP Billiton (NYSE: BBL) Could Double Your Money in 3 Months
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The underlying stock just hit the lower rail of a three month trend channel. November and January rallies produced returns of over 20% and 30%, so a similar move will reach our targeted return.
Trade Xcel Energy’s (Nasdaq: XEL) Drop for a Potential 75% Return in One Month
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It’s been trending lower since November and it now faces two levels of resistance.
Trade Stoneco’s (NASDAQ: STNE) Bounce for a Potential 75% Return in Five Weeks
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It’s my “Option Trade of the Day”.
Trading Outfront Media (NYSE: OUT) Could Double Your Money in Five Weeks
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It’s my “Option Trade of the Day”.
Trading iShares MSCI Emerging Market ETF (NYSE: EEM) Could Double Your Money in About Five Weeks
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The underlying security hit the lower rail of a trend channel on Monday before bouncing yesterday. Similar RSI and stochastic setups to September and November proved to be good signals.