GNC believe it or not used to trade in the $40+ range. It's a well-known brand and has the potential to at least double, assuming they get their act together. I consider this a long-term hold, assuming it can stay above trend line.
I posted my first trade on TradeView a couple of weeks ago. I wrote a short article somewhat explaining the fundamentals and technical analysis for owning the stock. The stock is up about 30% since the recommendation. Now that we are up 30% where do we go from here? The stock price has clearly hit a weekly 50 day moving average. This is usually a price target ...
Good morning. This is my first published trade idea so I hope it’s a good one. I was doing research about the vitamins and supplements and I realized the potential for people to stop taking the medications that they are prescribed and substitute them with vitamins. I went with my wife on our weekly trip to the vitamin shoppe and I realized that this could be a ...
GNC created a weekly long tailed reversal candle that could lead to good profits. It needs to break $3.86 for confirmation, and the stop loss is placed at $3.12. First target is $6.50. Size accordingly to keep yourself in the game.
Per: Motley Fool article of 1/8/17
These 3 companies could be bought in 2017
GNC Holdings lost 64% of its value in 2016, marking its worst full-year performance since its IPO in 2011. The nutritional-supplements retailer was crushed by competition from superstores such as Wal-Mart, warehouse retailers such as Costco, and e-tailers such as Amazon.com. ...
GNC is turning around!
After a looooooooong way down, finally GNC is recovering! As we see, price forms higher highs and higher lows since may.
And after a pullback has just happened, we have the perfect entry setup here to take a good swing, or even to invest in longer terms.
Check it yourself, price breaks mark after mark on its way to the top!
Safe trades ...
GNC looking very good as long. It seems breaking out forming a fallen angel formation with long moneyflow divergence. Overall looking very good as long.
* Trade Criteria *
Date First Found- July 27, 2017
Pattern/Why- Fallen angel breakout continuation
Entry Target Criteria- Break of $10.95
Exit Target Criteria- 1st Target $11.80, 2nd Target $17.33
Stop Loss ...
GNC is rangebound. I am looking for a pull back to the bottom of the range, i.e. support, to buy. If the price retest the top of the range, I'll look to go long if a bullish candle forms. If not, look to go short to trade to the bottom of the range.