Below a trend line since late February, there have been a series of lower highs over the last month and the stock just hit the trend line.
Trade Moderna (NASDAQ: MRNA) to Potentially Double Your Money in Two Months
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It’s overbought based on both the 10-day RSI and the stochastic indicators with the stochastics making a bearish crossover last night.
Trade Callaway Golf’s (NYSE: ELY) Drop for a Potential 75% Return in Two Months
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In a downwardly sloped trend channel over the last two months, it’s hitting the upper rail. The stochastic indicators reached overbought territory and made a bearish crossover on Friday, as well.
Trade Box’s (NYSE: BOX) Bounce for a Potential 75% Return in Two Months
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It’s my “Option Trade of the Day”.
Trading Direxion Daily Energy Bull 2x Shares (NYSE: ERX) Targets a Potential 100% Return in 5 Weeks
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The underlying security looks to be in a similar setup to late January when it nearly doubled in six weeks.
Trade Xerox’s (NYSE: XRX) Drop to Potentially Double Your Money in Five Weeks
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It’s overbought and made a bearish crossover last night.
This VanEck Vectors Gold Miners ETF (NYSE: GDX) Trade Targets a Potential 100% Return in the Next 5 Weeks
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In a downward sloped trend channel since last August, look for it to make another leg lower in the next few weeks.
Trade Sea Limited’s (NYSE: SE) Drop to Potentially Double Your Money in 6 Weeks
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It’s overbought and the chart shows a series of lower highs over the last couple of months.
Trade Mosaic’s (NYSE: MOS) Bounce for a Potential 100% Return by mid-June
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In a six month trend channel, it just hit the lower rail and it also has the 50-day moving average as support.
Trading ChargePoint (NYSE: CHPT) Could Potentially Double Your Money in 6 Weeks
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It’s my “Option Trade of the Day”.