ChristopherCarrollSmith

This morning I read UnitedHealth Group's earnings report and purchased some shares at about yesterday's closing price. The report was extremely positive. UnitedHealth not only beat analyst estimates, but also raised its guidance for the rest of the year. Ordinarily these results would get a big pop, but instead the stock promptly sold off to the tune of...

Stitch Fix plummeted today, but it's getting some late-day buying volume at this support node near 27. We could see a rebound tomorrow, forming something of a bullish bat pattern.

Hennessy Advisors is rated undervalued and high quality by S&P Capital IQ. It's profitable, but it almost always misses earnings estimates. The next report date is August 1. On purely technical grounds, I think the stock may move up ahead of earnings. It's got a big bullish divergence that formed over several weeks. The stock is up 5% today.

As my followers know, I've been following Stitch Fix and Revolve as both stocks take a dive today. The plummet comes, surprisingly, just a day after strong retail sales data for June. It was the strongest quarterly retail sales growth since they started recording this data in 1992! However, that's mostly because Q1 was so weak that Q2 looks strong by comparison....

Revolve has had a rocky time since its IPO, with lots of volatility and several breaks below critical trend lines. However, this company is profitable, undervalued, and highly rated, and in my opinion it's still a great value. With Revolve having breached the bottom of its parallel channel today, it's likely to establish a new channel. I've drawn a couple...

After I announced that oils and energy were my top sector pick last Thursday, the sector had one really good day on Friday and then went into a major downturn over the weekend on news of a tropical storm, an oil spill in California, and changes to international maritime regulation. This is a good illustration of why I've mostly stopped holding stocks over nights...

Today looks like a good entry on RVLV, with the price testing the bottom of its parallel channel. RVLV also has a volume support node at 35.27 and is close to oversold on the RSI. We just got an upward stochastic cross as well. RVLV is undervalued and has bullish analyst ratings.

Tech stocks took a dive this afternoon as the market absorbed today's bad news about the China trade war. Not only do headlines suggest that both Trump and China are taking hardline stances, but they also declare that tariffs won't cover the cost of the trade war and that Trump is making it hard for tech and retail firms to limit China exposure. This is...

Zynga has a high-volume support node at 6.19 and could see a bounce from this level. I've got my stop loss at 6.15. ZNGA has a 7.7/10 Thomson Reuters Starmine Equity Summary Score, which is a really good rating.

Activision has a nice high-volume support node at 47 and has been holding above that level today. On the 1-minute chart it's moved above its 50 MA and looks like it will rise the rest of the day. Activision is in the software sector, which is outperforming the S&P 500 right now. It's also gotten into esports, which is extremely hot.

On Friday, Infosys leaped higher after reporting earnings and raising its guidance for the year. Today the stock continued its rise. Even after this big move up, the firm is still rated "undervalued" by S&P Capital IQ. I think Infosys will remain strong for the next few months.

AVROBIO got a good pop today from very positive Phase 2 clinical trial results from its kidney drug. Unquestionably the news was good; the drug shows strong efficacy and no adverse events. However, this was only a Phase 2 trial so there's a long way still to go in the approval process. Meanwhile, the company is losing money and is rated as an overvalued and...

Investors bought the hype surrounding SOLY's clinical trial results, and today they sold the news. SOLY fell nearly 14% despite better-than-expected results in its cellulite treatment trial. Looking at the volume profile, I think SOLY may continue to fall to the 14.00-14.50 range, and then rebound upward from there. I wouldn't enter any earlier than that.

Stitch Fix is at support from a high-volume node on the volume profile and from its 50-day moving average. It also has some RSI support around 38. The stock just got some big analyst upgrades from Zacks and Goldman, which could serve as upside catalysts. The Internet retail sector is currently outperforming the S&P 500. S&P Capital IQ rates Stitch Fix as...

Small caps usually underperform the S&P 500, but they go through spurts of strong outperformance. They're currently in a very mature downtrend, but I'm seeing bullish divergences on RSI and MACD. I think they're looking pretty ripe for a surge. The next move above the 50-day MA could initiate a month or so of strong small cap performance.

According to ValuEngine, one of the better analytics firms, oils and energy are the most undervalued sector right now. VE estimates that this sector is undervalued by about 32%. Meanwhile, crude oil is in an uptrend. OPEC is looking at supply cuts, geopolitical tensions with Iran are heating up, and US crude oil inventory just posted another large supply draw....

According to ValuEngine, one of the better analytics firms, oils and energy are the most undervalued sector right now. VE estimates that this sector is undervalued by about 32%. Meanwhile, crude oil is in an uptrend. OPEC is looking at supply cuts, geopolitical tensions with Iran are heating up, and US crude oil inventory just posted another large supply draw. In...

Gold stocks are expensive right now due to the extremely high price of gold. One of the more affordable stocks is Yamana Gold, which has been in a long-term downtrend until it broke trendline resistance a couple days ago. Last week I reported on an upgrade of Yamana's productivity guidance. That guidance upgrade turned out to be a little too optimistic, and...