Technicals:
Stock jumped 12% following its last quarterly report, but gave up all those gains during the session and continued the descent over the next few weeks. Stock dipped below the 200 DMA, bounced off support at $95, and is now back above the 200 DMA. The overall up trend is still intact.
Fundamentals:
Stock fell about 9% last week on a press release that...
$LMT appears to be breaking out from a multi-month base. It successfully tested the 50 DMA. MACD in bottom track (green circle) shows a bullish crossover. PT of about $284 (~3.7% upside) based on fibonacci retracement to the 161.8% level.
BIDU has been in a wedge pattern and is now at the lower end of the wedge. With earnings due on July 28, I believe this provides a catalyst for the stock to move back up to the higher end of the wedge or at least the 200 DMA at about $176 (up 9.47%). BIDU has beaten over the last three quarters with a positive stock reaction each time. I expect this to continue...
NXPI broke above it's downward trend line back in April. Along with the broad pull back in the semiconductor space, NXPI pulled back and successfully re-tested the aforementioned trend line. With NXPI now back above it's 200 DMA (red), RSI on the rise and earnings due after the close on July 27, I expect NXPI to increase to at least the fibonacci 0.618 retracement...
$CMG broke below a long term trend line back in April and it has returned back to the trend which now acts resistance. A bearish head and shoulders pattern could also be forming. $CMG reports after the close today. Same stores growth has been decelerating and food prices were higher during the quarter. I see $CMG falling after earnings to the nearest support line...
$FIT has had a massive run right from when it hit the market. But it ain't over yet! The chart is bullish with a cluster of fibonacci retracement levels around $52.52 - $53. Fundamentals are solid too. Yes, $FIT trades at 98x trailing earnings, but it also boasts 209% yoy revenue growth and 441% yoy earnings growth. $FIT goes higher.
Price target: $52.50, 16%...
