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Adobe Systems Incorporated Headed For These Levels

September 19, 2014 – Comments (0) | RELATED TICKERS: ADBE

Adobe Systems Incorporated (NASDAQ:ADBE) shares have come under pressure over the last few weeks. The stock was trading as high as $73.58 as recently as September 9. Since then Adobe Systems Incorporated (NASDAQ:ADBE) stock has declined almost 10% and is starting to get attractive for a long side trade. The first level on watch for next week which could provide a profitable bounce is $65.50. That is slightly below the 200 day moving average and there is also previous consolidation there, which should provide some support. The second level is more for conservative traders and that is $63.50. Have this chart on your watch list for next week and look to make some money at those isolated levels.  [more]

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The Nosedive Trade, American Airlines

September 18, 2014 – Comments (0) | RELATED TICKERS: AAL

Shares of American Airlines Group Inc. (NASDAQ:AAL) have come under pressure the last two weeks even as the price of oil has dropped. This drop in oil should help American Airlines Group Inc. (NASDAQ:AAL) as it cuts their fuel prices, helping their bottom line. The stock has now created a "Head and Shoulders" top pattern on the daily chart. If this chart pattern should trigger, it could easily send the stock down to the $25 level. Let's look at how you should trade this stock...  [more]

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Stratasys, Ltd. Could Be Headed For The Stratosphere

September 18, 2014 – Comments (0) | RELATED TICKERS: SSYS

Yesterday while I was looking at the chart of Stratasys, Ltd. (NASDAQ:SSYS) I noticed a potential for an inverse head and shoulder pattern. The set up was there, the only thing needed was a close above the neckline on the daily chart. At the close of markets, Stratasys, Ltd. (NASDAQ:SSYS) had indeed closed above the line and the inverse head and shoulders had triggered. The one thing that I love about this trade set up is the fact that Stratasys stock actually tagged the neckline this morning and bounced off it, giving validation to the line. At this point this is an easy trade because traders and investors can go long the stock here and look for a huge upside target of around $170. That would be a potentially massive gain of 31%! The only risk is if the stock closes below the neckline, then you simply stop out for a tiny percentage hit. The risk reward here is very compelling as you are only risking a few points of downside for potentially $44 of upside. Its trades like this that separate the pro profitable traders from the amateurs.  [more]

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Sugar Bottoming Tail Sweetens The Deal

September 18, 2014 – Comments (0) | RELATED TICKERS: SGG

The sugar ETF SGG had a fantastic reversal yesterday. The daily candle formed a bottoming tail. A bottoming tail is a reversal signal that shows potential upside in the coming weeks. Considering how oversold sugar is, this is likely a bottom. Today, sugar is trading lower but it is important to recognize that the bottoming tail low from yesterday has not been taken out. Therefore, technical analysis states that the bottoming signal is still fully intact.  [more]

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Beware Of The Markets After The Alibaba IPO

September 18, 2014 – Comments (0) | RELATED TICKERS: BABA

There is an old saying in this business, buy the rumor and sell the news. Well, tomorrow the Alibaba IPO (BABA) will finally happen. This IPO is expected to be the biggest IPO in history as the Chinese internet company is expected to be valued at around $160 billion or more. Wall Street needs to keep the stock market buoyant and jovial before this company debuts for business. After all, who would want to own this stock if the markets were tanking and selling off.  [more]

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