Category: Investing

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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Apple Inc. (NASDAQ:AAPL) Potential Bullish Consolidation Pattern

The stock has been consolidating sideways in a fairly narrow range within a rectangle pattern. The consolidation has been coiling in the 118 to 120 area this month. A move above 119.93 would indicate a break out of the small flag, with the potential to reach 121.06 and then 123.08.

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Add OCLR To Your Watchlist For Next Week: Antonio

Oclaro, Inc. (NASDAQ:OCLR) has been in a clear uptrend since early July, supported by the rising 100-day EMA. On Friday, it had a nice move on the upside, closing above all major EMAs on heavy volume. Considering the strong momentum over the past week, I think that the 10 dollars range will be tested in coming sessions.

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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: Exxon Mobil Corporation is consolidating after failing to Breakout Higher

Shares of Exxon Mobil Corporation (NYSE:XOM) continue to consolidate above its major exponential moving averages, after failing to breakout above the critical resistance at 88.59 on Thursday. This key level is proving to be a strong resistance zone since September. A strong trend would not be in place unless the

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Antonio’s Perspective: Was NVDA Overbought?

During this afternoon I was scanning some charts and I stumbled upon NVIDIA Corporation
(NASDAQ:NVDA), whose stock has shown remarkable strength over the last 7 months. The stock made a new 52 week high on Wednesday at $95.25 and closed slightly below on Friday in a choppy session for stocks.

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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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Ford Motor and Arch Capital Group Ltd may have bullish sentiments

Arch Capital Group Ltd, an Insurance and reinsurance company also operates in the mortgage segment. Analysts recently gave a “Strong Buy” recommendation for the stock.

ACGL – Arch Capital Group Ltd
Fundamentals Previously closed at 68.4
Day’s high 68.49
Day’s low 66.92
P/E ratio 16.72
EPS 4.09

 

Analyst opinion The stock has good fundamentals with a P/S ratio of 2.06 , P/B ratio of 1.41, P/C ratio of 12.91 and a Debt to Equity ratio of 0.19. The only concern seems to be the PEG ratio which is currently at 3.17. Chartists believe that currently the stock has a head and shoulder pattern – which means that there are high possibilities of trend reversals
Sentiments ACGL reported an earnings of $143.6 Million, or $1.15 per share for the fourth quarter of 2015, post which it saw a spike in the price
The stock’s current target price according to analysts is $80 and is currently trading at a discount of $68.40
Social pulse The social media pulse is 63% Higher than normal.

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