Close to breakout a old diamond pattern. Nice R/R on this trade.
Johnson & Johnson has seen extreme price consolidation since last November. Since they are a highly diversified healthcare company, currency translations affect their bottom line quite substantially. With the recent contraction of the US Dollar, Johnson & Johnson has broken out of a prolonged trading range. If the dollar continues to contract against other foreign...
Unbelievable. Earnings reports this week show U.S. consumer stocks are doing pretty awesome. We had beats this week from consumer sensitive/cyclical stocks like: Amazon, Coca-Cola, Dunkin Brands, Domino’s Pizza, and Dr Pepper Snapple Group. Restaurant stocks are also getting some nice earnings growth. Boris Schlossberg of BK Asset Management said, “We are finally...
With a double hit to the Oct 16/17 gap, it looks like Facebook is ready to move higher. Finally. With the market reaching an all time high however, you should be careful of the bullish signs reversing. PRICE - After closing the gap on Oct 30, the market demonstrated support by sending it higher, bouncing off that previous gap again on Nov 20. From here the path...
While the company has some great fundamentals and cash flow, since IPO the stock has had quire the run up which leads me to wonder if there's room for it to run more? I think there is, but I do think in the short-term more a more attractive buying opportunity may exist in the next few weeks. PRICE - Price is starting to decline, which isn't necessarily a bad...