LMT is one we have discussed on our private traders forum over the years. The weekly has continued to be in a good uptrend and looking at the daily, price broke the resistance yesterday after a recent bounce from the 200 day moving average zone. The next Earnings release is scheduled for January 22nd 2015 before the market opens.
Some Dynamic Traders traded the Gap and Go on HD after the Earnings in August 2014. It has been almost two months since that profitable exit and now price looks to be heading up once again. The next Earnings is in mid November and price is approaching the big figure so we will wait until both those events have passed before entering into this trade again if a set...
MSG has broken through with a gap up the previous resistance level and also above the figure 70. The weekly looks to be a bullish flag pattern which suggests a continuation. Earnings date is October 31st before the market open so this maybe a consideration after that date.
After the recent decline on #GBPUSD to the weekly 200 moving average, price is now facing the daily trendline resistance. A failure here may take price back down to the recent lows while a breakout may provide reason for further strength. Although current pricing is indicating weakness as price is below the trendline, near term price has been in a range so as is...
CSX has been on our recent bullish watchlist and today seems to be testing resistance. With the recent better than expected earnings, a gap up today, an uptrend already in place and with price dealing above all the major moving averages, this looks to be setting up for a buy. Price is also making fresh 52 week highs which we like to see for good trend continuations.
Market Perform at Wells Fargo recently upgraded LB to outperform. Price has bounced off the 50 day MA and yesterday broke out of resistance. At present price is just below the figure 70 which might offer resistance but with the overall trend up on the monthly weekly and daily, we are looking for a continuation should price break the figure. Price is...
MAR has been a good trade for us this year but our stops were hit and the complete trade exited as price started to decline after the big up trend. Price has broken out of the channel indicating near term strength but the next resistance is at the 50 MA on the daily chart which is not too far away and could prevent price finding further strength. Earnings are...
DPZ is at an all time high after better than expected earnings. For a trend continuation we require a price pattern set up and a breakout.