Keep an eye on DraftKings (DKNG). This morning, analysts at Truist upgraded the DKNG stock, noting it has a clear path to profitability. Wells Fargo also upgraded the stock to overweight, with a price target of $37 a share, noting, ““We learned a lot last week: DKNG...
Keep an eye on Block Inc. (SQ). After plummeting on earnings, the stock appears to have caught support at $63.55. It’s also now oversold on RSI, MACD, and Williams’ %R, and could pivot to refill its bearish gap around $74 shortly. Other analysts like the stock here,...
Use weakness in lithium stocks as opportunity. Look at Lithium Americas (LAC), for example. After pulling back, the stock has again caught major support dating back to April. We also have to remember that the lithium supply can’t keep up with demand, which could force...
Fear is making a return to an overbought market. Not only did the major indices become technically stretched on RSI, MACD, and Williams’ %R, but the Volatility Index (VIX) became too complacent at around 13.33. In fact, many times, when the VIX dips below 17 (again, a...
Fear may be about to return to the market. Not only are the major indices technically overbought, but the Volatility Index (VIX) has also become far too complacent. If you take a look at a three-year chart of the VIX, you can see that every time it dipped below 17 (a...
Learning to trade is easier when you have a guide. I share as much as I can in these emails but it isn't the same as having someone work with you directly, If you are interested in accessing my coaching program. Click here. Pay close attention to oversold lithium...
Palantir (PLTR) is attempting to break higher. In fact, if it can break above prior resistance around $19, it could potentially test $22 next. Helping, Wedbush analyst Dan Ives just initiated coverage of the stock with a buy rating, with a $25 price target. "As we...
Over the last few days, shares of Albemarle (ALB) slipped from a high of $246 to $210.02, where it appears to have found strong support. Helping, analysts at Wells Fargo reiterated an overweight rating on the ALB stock, with a price target of $270 a share. UBS also...
by Ian Cooper With millions of students heading back to school in just weeks, it’s time to pick up bargain retail stocks, including Target (TGT). For one, consumers are expected to spend up to $41.5 billion for back to school gear, which should pass the $37.1 billion...
With millions of students heading back to school in just weeks, it’s time to pick up bargain retail stocks, including Target (TGT). For one, consumers are expected to spend up to $41.5 billion for back to school gear, which should pass the $37.1 billion spent in 2021....