Monday, May 22, 2017

This Has Me Interested In Shorting Alibaba $BABA

Shares of Alibaba Group Holding Ltd (NYSE:BABA) jumped higher this past Friday morning after reporting solid earnings Thursday after-the-close. However, the party was short lived. After an initial pop higher, the stock reversed off all-time highs, putting in what is known in the technical analysis world as a topping tail. Topping tails are VERY bearish signals of potential long-term tops.

Today, the stock is doing exactly what pro investors would hope, it is bouncing higher, retracing the tail. The reason an up-day today is beneficial is because it allows for investors shorting Alibaba Group Holding to get a higher entry point and it tightens the stop on the trade. The stop is any daily close above the topping tail high. In this case, the high was $126.40. With the stock currently trading around $125.40, this gives investors a tight $1.00 stop with the potential for a major move down to $104.50. How about that risk/reward? Pretty solid. Ultimately, this is a great bearish topping signal on Alibaba Group Holding and investors can look for a short, if interested.

Gareth Soloway

This Big Pharma Stock Is Nearing A Buy Level

Traders and investors should note that Pfizer Inc (NYSE:PFE) stock has been steadily declining since late February 2017. At that time, PFE stock was trading above $34.00 a share, today PFE stock is trading around $32.00 a share. The pharmaceutical giant is now trading below the important 200 and 50-day moving averages. This puts the stock in a weak technical position on the daily chart.

Pfizer Inc (NYSE:PFE) stock will have major chart support around the $30.00 level. This is an area where the stock was defended in April and November 2016. Often, past break-out levels will serve as major chart support when retested. The $30.00 level should be an area where PFE stock can be bought. Traders should look for a move back up to the $34.00 area. Traders that buy this stock should place a stop loss below the $27.50 level using a weekly chart close.

Nicholas Santiago

LET'S GO! Profit Taken On $NTNX

LET'S GO! Profit taken on $NTNX this morning! Get ready for the next swing trade right here:'t miss it!

Defense Stocks Pop After Trump Trip: RTN, LMT, BA & More In Play

Thursday, May 18, 2017

Major Technical Levels To Buy $GS and $JPM

This Stock Is Now On The Radar

Today, the construction services firm Jacobs Engineering Group Inc. (NYSE:JEC) is trading lower by 0.53 cents to $51.18 a share. This stock stock peaked out in late November 2016 at $63.42 a share. Since that high pivot the stock has been steadily trending lower. Traders and investors should note that JEC stock is now tagging the weekly chart 200 moving average. This level is also coinciding with the wide range breakout bar from early November 2016.

Traders can look to buy JEC stock around the $49.00 level. It is important to use a weekly chart stop loss on any close below $45.95. The upside target for this stock is around $54.00 and ultimately a move into $60.00 area.

Nicholas Santiago