Author: acosta

Globalstar: At the start of a New Impulse Higher

Globalstar, Inc. (NYSEMKT:GSAT), after a big price-volume surge in mid-December, pulled back a little this month, creating a falling wedge formation. The upper-line of that pattern was broken Monday on volume expansion.

This was a very good sign for a continuation of the trend, and I am looking for a retest of the recent highs around the 2.20 area.

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Trinity Industries Inc (NYSE:TRN) Setting up nicely for new highs

Trinity Industries Inc (NYSE:TRN) has been nicely consolidating in a flag pattern for the past 6 weeks and now is moving toward the top of that consolidation area. If the upper line of this flag formation is broken in the next

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Apple Stock Broke and Closed the Week Above the Key Resistance Level

Antonio’s Perspective for the week

Apple Inc.(NASDAQ:AAPL) closed higher on Friday, reconfirming the new uptrend after the recent break above the major resistance level on decent volume.

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Antonio’s Perspective – GPRO Technical Analysis

GPRO:NASDAQ

I have been following this particular stock for the last month, and notice that the long-term trend could be about to reverse. As everybody know, this is obviously the kind of stock that requires a lot of attention and has some risk given its industry, but on a trading basis and based on the high volume that we have witnessed in the last sessions the risk to reward looks attractive at current levels.

 

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Fitbit Stock: Antonio’s Perspective & Technical Analysis

Fitbit Inc (NYSE:FIT) finished the session Friday at the highest close since May on strong volume. The stock has been trying to close above the key resistance level at 16 a couple of times, but each attempt has been unsuccessful with the stock price each time retracing.

However, and based on the volume of the last two sessions, the breakout seems to be round the corner and once it closes above the 16 level, you could possibly get into the stock, with a stop loss of around 15.45 and look for targets of closer of 18 over the next weeks.
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Antonio’s Perspective: Technical Analysis of Wynn Resorts

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) gained $2.62 or 2.65%, despite Friday’s market selloff, to close at $98.41 on solid volume. The stock has recovered nicely in the last few sessions since the recent low of 88.50 made in late August and has provided several meaningful signs of strength, by bouncing of its trendline support area around the 200EMA and then breaking above the 50EMA.

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Sprint Corp. Stock – Technical Analysis

This is a guest post by  António Costa, acclaimed trader and the popular author of AC Investor Blog

Sprint Corp (NYSE:S) after a big price and volume surge in mid-July, has gone sideways and
consolidated in a rectangle pattern in the 5.85-6.32 trading range. On Friday, the stock finally broke the top line of the trading range on decent volume and I expect more upside pressure in the coming days.
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Intel Corporation – A Technical Perspective

This is a guest post by  António Costa, acclaimed trader and the popular author of AC Investor Blog

Intel Corporation (NASDAQ:INTC) the current price consolidation appears to be forming an Ascending Triangle pattern which is a bullish continuation pattern. This bullish formation is characterized by a series of higher lows but the same highs. If the stock closes above the 35.70 level on volume, the measured target of this pattern is 38.60. On the flipside,

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