It printed a bearish engulfing pattern yesterday and the RSI and stochastic indicators are extremely overbought.
Trade iShares MSCI Hong Kong ETF (NYSE: EWH) to Potentially Double Your Money in 6 Weeks
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The stochastic indicators are in oversold territory and made a bullish crossover on Friday. We saw similar signals in early November, mid-December, and early February and all three of those signals preceded strong upward moves.
Trading iShares U.S. Real Estate ETF (NYSE: IYR) Targets a 75% Return in 6 Weeks
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The underlying security made a huge rally the last time we saw both the RSI and the stochastic indicators in oversold territory like they are now.
Trade Owens & Minor’s (NYSE: OMI) Drop for a Potential 75% Return by mid-April
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The last four instances where the stochastic indicators reached overbought territory (like now) and then experienced a bearish crossover, the stock dropped. It has been a pretty reliable tool in the last few months.
Trade Carlyle Group (NASDAQ: CG) for a Potential 100% Return in 6 Weeks
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It just hit its trend line and bounced higher. The stochastic indicators also made a bullish crossover last night and when this happened in October and January we saw substantial returns over the next month or two.
Trading Chegg (NYSE: CHGG) Could Double Your Money in About 6 Weeks
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It’s my “Option Trade of the Day”.
Trade Etsy (Nasdaq: ETSY) for a Potential 75% Return in Seven Weeks
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The last time the overbought/oversold indicators were both below 50 and then turned higher was at the beginning of January and the stock rallied over 40% from there.
Trade Bank of New York Mellon’s (NYSE: BK) Drop for 75% Returns in 6 Weeks
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There were an incredible number of stocks that showed bearish engulfing patterns yesterday. This one stood out in particular…
Trade Avantor (NYSE: AVTR) for a Potential 75% Return in Seven Weeks
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The last two times its chart readings were similar we saw sharp rallies in the stock.
Trade Qualcomm (NASDAQ: QCOM) to Potentially Double Your Money by mid-April
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Its dip over the last five weeks dropped the stock down to the lower rail of it’s trend channel and the weekly stochastic indicators are reaching oversold territory for the first time in almost a year.