It’s time to buy the dip in Cloudflare (NET). After plummeting from about $180 to a low of $111, the stock caught strong support and is just starting to pivot higher. It’s also starting to pivot from over-extensions on RSI, MACD and Williams’ %R. Last trading at...
On March 18, we noted that, “Palantir Technologies (PLTR) is coming back strong. After catching support at around $75, it’s now back up to $86.24. Now, if it can break above its 50-day moving average, we’d like to see it retest $100 initially. It’s also starting to...
by Ian Cooper Insiders are actively buying beaten-down stocks. “While stocks were getting hammered into a brief correction last week, driving the S&P 500 Index to erase some $5 trillion in equity value, corporate insiders returned to buy the dip. A gauge of...
I just sent these emails to some traders I have been helping. Close the PLTR position for a 247% win. Close the NVDA position for a 131% win. I think you can imagine how excited they were to have those appear in their inbox. I am not sure if they booked a great trip...
Keep an eye on oversold shares of American Express (AXP). After finding strong support at $254, AXP is starting to pivot higher again. It’s also starting to pivot from over-extensions on RSI, MACD and Williams’ %R. From its last traded price of $270.51, we’d like to...
Keep an eye on Super Micro Computer (SMCI). After dropping from about $65 to $35, the tech stock caught strong support at its 50-day moving average and is just starting to pivot higher. From its last traded price of $42.15, we’d like to see SMCI initially retest $50 a...
Fear eventually leads to opportunity. Look at cruise stocks, for example. Over the last few weeks, most of the top cruise stocks were crushed by consumer spending, and potential tax crackdown fears. However, according to analysts at Stifel, the tax fear was a massive...
After dropping from about $160 to $135, Marathon Petroleum (MPC) appears to have caught strong double bottom support. It’s also over-extended on RSI, MACD and Williams’ %R. Plus, the company’s Chief Commercial Officer, Ricky Hessling just bought 2,000 shares of MPC...
by Ian Cooper Some of the most ridiculously oversold stocks are on sale. Look at $68 billion Chipotle (CMG). For one, Chipotle director Mauricio Gutierrez paid $500,000 on March 5 for 9,400 shares, an average price of $53 each. Two, the stock is now technically...
Palantir Technologies (PLTR) is coming back strong. After catching support at around $75, it’s now back up to $86.24. Now, if it can break above its 50-day moving average, we’d like to see it retest $100 initially. It’s also starting to pivot from over-extensions on...