The underlying stock has been trending lower since the beginning of the year. Currently, the RSI and stochastic indicators are in overbought territory and made a bearish crossover last night.
Trade Ballard Power System’s (NASDAQ: BLDP) Drop for a Potential 75% Return by mid-August
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In a downtrend since late February, it looks like it’s facing two different forms of resistance in the same area.
Trading Bullish Cimarex Energy (NYSE: XEC) Could Potentially Double Your Money in 6 Weeks
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The underlying stock’s chart is a big driver behind this trade idea.
Trading Stem (NYSE: STEM) Could Double Your Money in Seven Weeks
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It’s my “Option Trade of the Day”.
Trading Bullish Cleveland-Cliffs (NYSE: CLF) Targets a 100% Return in Seven Weeks
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The underlying stock just dipped to the lower rail of a positive trend channel and the oversold stochastic indicators made a bullish crossover last night.
Caution: Peloton Interactive (NASDAQ: PTON) Looks Ready to Move Lower
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In a downtrend since January, its chart is too clear to ignore.
Trading Global X US Infrastructure ETF (AMEX: PAVE) Could Potentially Double Your Money in Seven Weeks
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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%.
Trade DR Horton (NYSE: DHI) to Potentially Double Your Money in Two Months
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The stochastic indicators are the lowest they have been since January, and they experienced a bullish crossover on Friday.
Trade Weyerhaeuser (NYSE: WY) for a Potential 100% Return by mid-July
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Trending higher since late October, it just hit the lower rail of its trend channel and looks ready for its next leg higher.
Trading Halliburton (NYSE: HAL) Could Potentially Double Your Money in Two Months
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It’s my “Option Trade of the Day”.