Trending higher over the last five months, it just hit the lower rail of the channel while the stochastic indicators hit oversold territory for the first time since June.
Trade Sanofi’s (NASDAQ: SNY) Drop for a Potential 75% Return by mid-February
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It hit resistance and moved lower in the last few days. The pullback was enough to cause the stochastic readings to make a bearish crossover while in overbought territory.
Trading Enterprise Products Partners (NYSE: EPD) Could Potentially Double Your Money in 6 Weeks
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The underlying stock’s stochastic indicators are in oversold territory and made a bullish crossover last night.
Trade Vistra Energy’s (NYSE: VST) Drop for a Potential 75% Return by mid- February
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The main driver behind this trade idea is the chart. The stock hit the upper trend line before turning lower yesterday and the stochastic indicators are in overbought territory and made a bearish crossover last night.
Trade Seagate Technology (NASDAQ: STX) to Potentially Double Your Money in Seven Weeks
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The stochastic indicators are showing similar setups to October and July. In both of those cases, the stock rallied nicely over the next month and a half and I look for another strong rally here.
Trade Nucor (NYSE: NUE) to Potentially Double Your Money in Seven Weeks
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In a five month trend channel, the stochastic indicators hit their lowest level since the end of September before turning higher yesterday.
Trading Bristol Myers Squibb (NYSE: BMY) Could Double Your Money by mid-February
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The underlying stock looks primed to make another move higher.
This Teladoc Health (NYSE: TDOC) Trade Targets a 75% Return in Less Than Two Months
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The underlying stock has been in a downtrend since August and the daily stochastic indicators were in overbought territory as it made a bearish crossover last night.
Trade Digital Realty Trust’s (NYSE: DLR) Drop for a Potential 75% Return by mid-February
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It hit resistance last week and moved sharply lower on Wednesday. Then the stochastic readings fell and made a bearish crossover on Thursday.
Trade 21st Century Fox (Nasdaq: FOXA) to Potentially Double Your Money in Less Than Two Months
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It turned higher yesterday after hitting the trend line on Tuesday. We also see that the RSI and the stochastic indicators were in or near oversold territory before turning higher yesterday.