Keep an eye on Apple (AAPL). After a devastating drop from about $260 to $219.38, the stock appears to have caught strong support and is just starting to pivot higher. It’s also wildly oversold on RSI, MACD and Williams’ %R. From its last traded price of $223.83, we’d...
Coal stocks could see significant, near-term upside. For one, as part of President Trump’s executive orders, the “president will unleash American energy by ending President Joe Biden’s policies of climate extremism, streamlining permitting, and reviewing for...
On January 7, we said: “Carvana (CVNA) just dropped about $16 a share. All thanks to a bearish report from the short sellers at Hindenburg Research, which says the CVNA pullback is a “mirage” propped up by unstable loans and accounting issues. once the fear of the...
by Ian Cooper Americans love to bet on sports, we said just a few weeks ago. Look at the Super Bowl, for example. According to the American Gaming Association, $7.61 billion was bet on the Super Bowl in 2021. In 2022, the AGA estimated that more than $8...
With 52-week lows, we’re often told: “Never buy a stock hitting a 52-week low…” “Stocks in downtrends tend to stay in downtrends…” “It’s too risky… It’s not safe…” “Any stock hitting a 52-week low will always be weak…” Or, “nothing is more destructive to amateur...
The US FDA is moving forward with plans to mandate lower nicotine levels in cigarettes. “The plan, which is touted as a way to reduce the ability of cigarettes to hook casual users, cleared a regulatory review last week by the Food and Drug Administration,” as noted...
Just days ago, we said: Fear will lead to opportunity in quantum computing stock. All after related quantum stocks took a dive after Nvidia CEO Jensen Huang said “very useful” quantum computers are likely decades away, as noted by Bloomberg. “If you kind of said 15...
Americans love to bet on sports. Look at the Super Bowl, for example. According to the American Gaming Association, $7.61 billion was bet on the Super Bowl in 2021. In 2022, the AGA estimated that more than $8 billion would be wagered. In 2023, $16 billion...
by Ian Cooper Oil prices are starting to gush higher. All thanks to cold weather, supply concerns and Russian sanctions. “The sanctions target Russian oil companies Gazprom Neft and Surgutneftegas and their subsidiaries, more than 180 tankers, and more than a dozen...
Keep an eye on beaten-down, oversold shares of T-Mobile (TMUS). Last trading at $211.30, it’s over-extended on RSI, MACD and Williams’ %R. From here, we’d like to see the stock initially refill its bearish gap at around $220 a share. Longer term, we’d like to see it...