In a downtrend since February, the last two times the RSI was near 60, like this week, it dropped.
Trade MPLX LP’s (NYSE: MPLX) Bounce To Potentially Double Your Money in Seven Weeks
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The stock’s stochastic indicators made a bullish crossover last night. The last three times that happened it rallied over 20% within the next month or two.
Look For Lyft (NASDAQ: LYFT) to Drop Lower
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Both the RSI and stochastic indicators were in overbought territory recently, and the stochastic indicators made a bearish crossover last night.
Trade RealReal’s (NASDAQ: REAL) Drop to Potentially Double Your Money in Two Months
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In a downward trend since late February, it fell sharply on Friday and closed significantly below the trend line.
Trading CNH Industrial (NYSE: CNHI) Could Double Your Money by mid-August
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At the lower rail of a five month trend channel, the underlying stock moved back above its 50-day moving average yesterday.
Trade Morgan Stanley’s (NYSE: MS) Rally for a Potential 100% Return by mid-August
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It just hit the lower rail of a six month uptrend channel and the stochastic indicators made a bullish crossover from oversold territory.
Trading iShares MSCI Eurozone ETF (NYSE: EZU) Could Double Your Money in Two Months
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In a five month trend channel, we’re seeing a similar setup to January when it rallied nicely over the next few months.
Dick’s Sporting Goods (NYSE: DKS) Looks Ready for a Bounce
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With the stochastic indicators close to oversold territory and making a bullish crossover last night, we’re targeting a 75% potential return by mid-August.
Look for Keurig Dr. Pepper (Nasdaq: KDP) to Rally Sharply Over the Next Few Weeks
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In a nice trend channel since last October, it just hit the lower rail and could now make a bullish move.
Trade Airbnb’s (NASDAQ: ABNB) Drop for a Potential 75% Return in Two Months
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It recently hit the upper rail of a trend channel and there’s a secondary layer of resistance with the 50-day moving average just overhead.