The biggest thing that jumped out was the stocks incredibly high RSI reading. The indicator had almost reached 90 before turning lower yesterday and that is the highest it has been since January 2018.
Trade HP (NYSE: HPQ) for a Potential 100% Return in Two Months
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Its chart is extremely impressive with a really tight trend channel. It just hit the lower rail and the stochastic indicators made a bullish crossover last night.
Trade Dell (NYSE: DELL) to Potentially Double Your Money by mid-July
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Trending higher since November, it bounced sharply last week as the stochastic indicators made a bullish crossover.
Avantor (NYSE: AVTR) Looks Ready to Make its Next Move Higher
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The daily chart shows an upwardly sloped trend channel forming over the last few months.
Trade Activision Blizzard’s (NASDAQ: ATVI) Drop for a Potential 75% Return in One Month
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Trending lower over the last three months, the daily stochastic indicators were approaching overbought territory before making a bearish crossover yesterday.
Trading APA (NASDAQ: APA) Targets a 75% Return by mid-July
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It’s my “Option Trade of the Day”.
Trade Baker Hughes’ (NYSE: BKR) Drop to Potentially Double Your Money in Two Months
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Two things really jumped out at me from the chart: Yesterday’s candlestick looked to be a shooting star and the second thing was how high the overbought/oversold indicators are at this time. The last time we saw something similar was just before the downturn.
Trade The Rally in Fiserv (Nasdaq: FISV) to Potentially Double Your Money in 6 Weeks
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It’s my “Option Trade of the Day”.
Trading Direxion Technology Bull 3x Shares (NYSE: TECL) Could Double Your Money in Two Months
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The biggest driver behind this trade is the bullish crossover by the stochastic indicators. The last three times there was a similar setup, shares rallied over 40% each time.
Trade Texas Instruments (NASDAQ: TXN) (Again!) For a Potential 100% Return by mid-July
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It has excellent fundamentals, has been in a positive trend channel for the last seven months, and looks ready to run higher.