Today shares of Facebook Inc (NASDAQ:FB) are down over 1.5%. The social media giant was downgraded and as a result the stock is seeing red, while the major indexes are slightly green. Earlier today members were given a level for a trade at $74.50 based on proprietary techniques and easy money was made within minutes. The next level I really "like" for a bounce on Facebook Inc (NASDAQ:FB) is right around $73.90. There is a nice up sloping trendline there and a couple other factors which are only privy to members. This is just an example of how one can use simple yet extremely effective tools to make quick cash! [more]
This morning, the leading oil services stock Halliburton Company (NYSE:HAL) is declining lower at the start of the trading day. Halliburton Company (NYSE:HAL) stock is declining lower by $1.45 to $68.35 a share. It should be noted that today's decline in Halliburton's stock is isolated to just the stock and not the entire oil services sector. Most other oil services stocks such as Baker Hughes Incorporated (NYSE:BHI), Transocean Ltd. (NYSE:RIG), and Schlumberger Limited (NYSE:SLB) are trading higher today. Day traders should note that Halliburton company stock will have intra-day support around the $67.74 level.
Iron ore producer, Cliffs Natural Resources Inc (NYSE:CLF) has been under performing the markets as of late. The stock has basically gone in the opposite direction of the equity markets. While this is definitely a negative correlation and should not be overlooked, I can't help but notice an interesting up sloping trendline which is holding the stock from further declines. [more]
This morning, the leading cloud computing company VMware Inc (NYSE:VMW) is declining lower by $3.00 to $97.82 a share. The stock is now trading near its important 50-day moving average which is now around $91.62. Swing traders should now watch for daily chart support around the $96.20 level. This chart level was important support for VMware Inc stock in July. Often, this area will be defended when initially reached again. [more]
GoPro Inc. (NASDAQ:GPRO) debuted as a publically traded company back in June 2014. It has performed very well since its IPO trading as high as $49.90 before pulling back. With the pattern forming on the daily chart I am seeing good resistance for this equity around the $47.00 level.