EXM is making tight stops trigger some small losses for conservative longs, however this stock may just still be in the more frequent stage of shake down that is being noticed in many stocks before turning points. In my mind,…
MPEL makes another big bounce, but is the correction over?
MPEL traded close to average volume today in a low volume market and held up nicely. Last week we wrote that the 3.34 low may be taken out because a possible wave three test at the 60 minute trading time…
Is Leap Wireless a buy today?
The sluggish sideways trading may have an aggressive trader following the strength of today. A thirty minute chart LEAP is tracking its 200 day moving average nicely. However, on lesser time frames it has struggled to close above it and…
Is AMR In A Irregular Correction?
Last week airlines stocks were the talk of the town. The news of oil being down 8 days in a row, capacities being in line with future expectations, combined with some breaking news for AMR about possible overseas connections in…
Excel Maritime Trades Strong To Upside
EXM has made a strong move higher as anticipated in the trading concepts write up. If you have not entered into this trade yet, you want to monitor EXM closely for an entry point. Today’s open did gap. From these…
Jefferies Group Ready To Trade Higher
JEF trading to a low of 23.05 today which could have triggered the end of its most recent down trend. We’ve been expecting JEF to rebound from a trading range of 24.09 and 22.82 its 53% and 62% Fibonacci retracement…
BRCD – Brocade To Trade Higher…For Now
BRCD traded down to the 7.00 level today. This is very close to its 38% Fibonacci retracement off the March lows. It did this with large volume and could be ready for rebound, although the shorter trading time frames show…
MPEL – Another Buy Opportunity To Come
MPEL has traded nicely off its lows. Look for this stock to trade to the 4.31, a 62% Fibonacci retracement level for another buy signal in what could be a move towards 5.06 then 5.65 in larger trading time frames.…
Has MPEL Made a Double Bottom Today?
MPEL just hit its 4.15 previous trading low earlier today and has bounced nicely, so far, trading at 4.26. Some more detailed technical analysis has been formed on MPEL in Trading Concepts.
ETFC Has Big Volume Day In Stock And Options
ETFC today traded double its average daily volume. As well, it traded over 13,000 Nov. 2.00 calls and over 12,000 Dec. 2.00 calls. Shares traded up over 8.5% today. The daily MACD is close to crossing its zero line. It…
LEAP Wireless Seeing Larger Lots Trade In The Bid
LEAP has been trading sideways…again. It was last week too, but fell to a new 52 week low. However, the past two days bids are huge compared to the last month. On the bid side there are 200k lots showing…
When Will UNH Break…out?
UNH has been trending higher off a large monthly ABC correction, is that why its taking so long to break 30? Or, is this sideways range in UNH’s trading future for some time to come?
AMR At It’s 38% Fibonacci Retracement Level
Today AMR completed a 38% retracement. Look for a correction to the upside here trading to 5.95 then further correction to set up a buy price. Some of this analysis is being tracked in the Trading Strategies section.