mgallagher1

mgallagher1

3/4/21 $FANG - Diamondback Energy - 9.16% Gainer Catalysts: Fundamentals (see details below 1,2): -Company buyout -Note buybacks -Land and asset purchase -Sector strong relative to market Technicals (see chart): -Bullish set up -Great momentum over recent months. Fundamentals con't.: -8K's filing stated that they company would be buying out QEP, another...

mgallagher1

Looking at the falling wedge break and key resistance area breaks for a move past $57.

mgallagher1

3/3/21 $LUMN - Lumen Technologies - 7.315% Gainer Catalysts: 5 Form 4's filed after hours on March 2nd. Confirming some heavy insider buying in late February. This combined with the stock price in a bullish uptrend and at resistance caused a breakout. -I'm going to be taking a look at some of the top daily gainers (may throw in some losers occasionally) of...

mgallagher1

3/2/21 $TGT- Target Corp - 6.771% Decliner Catalysts: 1. What I have personally noticed that after earnings beats: If earnings are not exceptional, you will often see a sell off where there is profit taking, shorts covering and shorts entering. Combined with the chopiness we saw this past week and today with SPY and QQQ, the sell off shouldn't have came as too...

mgallagher1

3/2/21 $SWK - Stanley Black & Decker - 2.6% Gainer Catalysts: 1. Lengthy and now tightening consolidation of price in wedge formation, set up for reversal. 2. Stock is trading significantly below the Price Targets (PT) given by analyst upgrades and reiterations over the past couple months. UBS - Buy - PT $227 --> $241 Citi - Neutral - PT $203 --> $215 Credit...

mgallagher1

3/2/21 $CCL - Carnival Corporation - 4.865% Gainer Catalysts: 1. Macquarie analyst Paul Golding upgraded Carnival Corporation (NYSE: CCL) from Neutral to Outperform, PT $31.00. 2. Carnival's (CCL) Holland America Line Opens Booking on 2022-23 Cruises That Visit Exotic Locales, Ancient Cultures and Untouched Wonderlands -I'm going to be taking a look at some...

mgallagher1

3/2/21 $F - Ford Motor Company - 4.758% Gainer No catalyst found, but recent moves up to $12 resistance were enough to move price significantly today. -I'm going to be taking a look at some of the top daily gainers (may throw in some losers occasionally) of the day on their daily charts and posting them here throughout March. This is not advice. Just...

mgallagher1

$CHGG on daily chart. Took a few minutes to publish some easy to recognize, bullish and bearish chart patterns on daily charts. Enjoy! Note: Double bottom will be confirmed IF price hits PT1 and then an all time high after.

mgallagher1

$FANG on daily chart. Took a few minutes to publish some easy to recognize, bullish and bearish chart patterns on daily charts. Enjoy! Note: Ascending triangles are generally seen as bullish but can be bearish when the lower trendline is broken.

mgallagher1

$CTAS on daily chart. Took a few minutes to publish some easy to recognize, bullish and bearish chart patterns on daily charts. Enjoy! Note: Ascending triangles are generally seen as bullish but can be bearish when the lower trendline is broken.

mgallagher1

$IVZ on daily chart. Took a few minutes to publish some easy to recognize, bullish and bearish chart patterns on daily charts. Enjoy!

mgallagher1

$NRG on daily chart. Took a few minutes to publish some easy to recognize, bullish and bearish chart patterns on daily charts. Enjoy! Note: Ascending triangles are generally seen as bullish but can be bearish when the lower trendline is broken.

mgallagher1

Potential breakout trade for CRSR tomorrow. Technicals: Closed at a +2 month high and above the .618 fib level Thursday. CRSR has been on a gradual up trend for over 2 months, quietly setting higher lows while using 34-50 MA as support. Fundementals: Corsair is a leading global provider and innovator of high-performance gear for gamers and content creators. ER...

mgallagher1

$XL falling wedge on daily chart. Price has been holding at 50 MA. Potential entry is over 21.50 area. Could be an interesting play with earnings coming up in around a month and Biden's push for clean energy and EV's. XL Fleet offers fleet electrification solutions. Clients include: Coca-Cola, Pepsi-Co, Verizon, and FedEx. XL works frequently with state and...