Last session high volume move hit a 12 month high on the stock and and broke clear of resistance. There is further upside potential to re-test Dec 2014 high.
We are seeing a 5/15EMA cross occurring after the last session and would be interested in a potential bought call in this stock should we also see a last hour move above $16. the underlying could move quickly towards the $38 dollar mark if we see some buying pressure come in.
Fridays price movement took the underlying stock back to test $35.50. A break of this level could see significant upside perhaps as high as $38. in the first instance we will keep an eye on the 200MA which is sitting at around $36.20 and may tighten a stop at the level
Re-test of key $43.50 level on high trading volume and back above key moving averages suggestive of potential breakout trade.
Fridays strong move higher on high volume broke the key $34 and now sits above all major moving averages. We are looking for a move over Friday's high to confirm buying momentum
LUV are tackling a key level of $47 on high trading volume, With a re-cross of short term EMA's, this sector seesm to have recovered strongly from recent terrorist influenced concerns.
A bounce off $48 support and a move back over the 5 and 50 EMAs has DAL on our radar for a potential test of $50 in the first instance with $51 short term price target if breached. Friday was lower volume though closed towards the top of the price bar so would need to see confirmation before entering a bought call position.
XLU have hit resistance of $43.25 6 times over the last 10 session. Last session volume high suggesting there may be momentum building to push through this level. The price is over the 5 and 15 EMA and a move over $43.35 would equate to a break through the 50EMA
BAC moved back strongly to its 5EMA and towards the $17.50 level honouring the $17 support. This weeks news out of the fed and CPI may lead to buying again in this sector, This should be viewed as high risk but may be good fro a short term scalp
ATVI have held up well in the recent pullback last week and remain around the critical $35 mark. A break of this $35 level may precipitate a move up to $37
After a immediate post earnings blip DIS came back strongly on Friday and are looking to challenge the $116 level on good volume. The price is back over the 5 EMA and a break of Fridays high would have us interested in a potential long call position.
Strong jobs numbers over the next 3 days starting with the ADP report next session are likely to benefit financial stocks so a move over key 33.50 level so pushing above th 50 EMA may mean a strong up move from here to $35 in the first instance. The stock is already sitting above the 5 and 15EMAS
CAT moved over the 5 and 15 EMA's post earnings and now have crossed the 50EMA and broken $72 on high trading volume. $76 looks like an initial price target.
Strong move post-earnings consolidated over the last two sessions. With highs not seen since mid-August in high trading volume there still looks to be buying momentum and a break of $19 could see the underlying push to $20 quickly to re-test the 200MA. The Price sits above the 5/15/50 currently after this weeks move.
$16.55 appears to be a critical level for the stock and a break of this level could see a sharp move higher in the short term. Patience is required and we would suggest a $16.60 entry for confirmation AFTER the FOMC statement. The stock is sitting above the 5/15/50 EMAs and yesterdays retracement was on low volume
Yesterdays re-test of $16.30 on good trading volume appears to have some potential buying momentum behind it and could be poised to break through this key level. With last session price closing above the 50EMA we could see a move out of the long term downwards trend channel prior to earnings release in November. May suit a short term scalping bought call trade.
We have the 5/15/50 EMAs all crossing on yesterdays price move higher on good volume and threatens the key $21 level. we see potential fro a long call $22 position which looks like a likely re-test
5 and 50 EMA cross, with price close towards the high of the session. Further buying in the Nikkei suggests $12.40 could be tested in the first instance with $12.60 the more likely resistance