The prices are crossing the 200 weekly SMA. My opinion is a possible bound from this level with a tight stop.
If we break this support were going to fall a bit farther here. If you look at the daily chart you will see a huge highway candle and tons of volume.
On the way down it filled the gap from early June, which took it right to the 200EMA at the time, but then just blew right through it to the downside versus bouncing. Inability to catch a bid at the 258 level indicates notable selling pressure still persists.
Long from the 200 daily SMA as showed in the chart
Just a guess, but i think the market will calm down and we see money moving back in after this recent Earning Season.
MTN: vail resorts 2018-03-08 06:45:24 Detected possible increase in guidance
MTN I have been watching MTN , and it looks like it is on one the longest rallying in the history of the stock. It may still have room to grow. I would advise buying some call options that are the closest to the price or buying a few amount of call options furthest from the price. To offset the option I would short the position, and continue to hold the short...
Almost all the Open Interest is below and is big at 130, June 130 Straddle sells for 7.25
Do we have an upside down Gartley here which could mature into an upside down Cypher pattern? If so, I'm assuming there will be a .786 retracement to about the 117.87 area.
Long Term Trend The long term trend of Vail Resorts is UP indicating that MTN has experienced an UP trend for at least the past 180 trading days. Long term trends are key to understanding the starting point to the path of least resistance of a stocks price trend. The expected future trend bias is always strongest with the current trend. Short Term Trend The...
breaking out for next leg, Dec 90/92.5 1x2 Call Spread a possible trade