Thursday, January 12, 2017

Strong Buy On Biotech: Trump Slam Can't Keep Them Down

Check Out This Sleeper Stock With 50-100% Upside

Shares of Fitbit Inc (NYSE:FIT) are still hovering near their all-time lows. Trading at $7.37, the stock is extremely attractive to a takeover from any bigger player looking to up their game in fitness tracking. This could be an Apple Inc or another big player. Fitbit Inc is profitable and trading at a P/E of just 17. For reference, the S&P 500 P/E is close to 30. Analysts in recent months have stated that Fitbit Inc is still the leader in wearable fitness tracking, thus making them an attractive buyout target. I am a buyer here, looking for significant upside.

Gareth Soloway

This Stock Chart Pattern Makes Money

Trading The Morning Stock Action: DAL, TSM, KBH, AAPL & More

Tuesday, January 10, 2017

Urgent: These Signals Tell Investors To Sell $AMD Now

Investors should expect major downside on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the coming weeks. Just days ago, the stock had a huge bearish engulfing reversal candle at multi-year highs. Following that reversal, Advanced Micro Devices has put in a classic bear flag stock chart setup. This is days away from its next leg lower. The ultimate downside target is $9.15. This is a high reward, low risk setup. The stop can simply be any daily stock close above the 52 week high of $12.42. This gives double the reward on a short versus the risk.

Gareth Soloway


Watch This Trade Setup On General Electric Co (NYSE:GE)

Today's Morning Trading Action: ILMN, CUDA, VRX & More

Monday, January 9, 2017

Where I Will Accumulate UGAZ: 3X Long Natural Gas ETF

Natural gas is taking another beating today, dropping by over 5%. As it comes crashing down, many investors have asked me where I would buy the commodity. More specifically the UGAZ, the 3X Long Natural Gas ETF. When it comes to finding major support, I always look at the single ETF. This is because it does not lose such massive value over a small period.

As everyone should know, all triple and double ETF's always head to zero quickly. They are only short term trades. For natural gas, I analyzed the United States Natural Gas Fund, LP (NYSEARCA:UNG). It is trading at $7.80 but does not have major support until it gets into the $7.00 to $7.15 range. Once the UNG gets to this range I will be a buyer of the UGAZ, expecting a sharp bounce and able to multiple my gains 3X. This will be a quick bounce and not something you want to marry for months.

Gareth Soloway