With 2 new bills being brought forward in DC the marajuana stocks are heating up again. AERO is poised to take advantage of this. A week ago it broke above its $4.00 support line, now its back retesting this support....a great entry. I'm buying here at $4.00 with a stop at 3.75. I'll sell at $6.00.
FOSL was oversold after earnings. It bounced really nice of the 82 support and most likely will go back up to 94. Risking $2 to make $10. See you all in the 90's!
If MCP breaks above .95c I'm buying with a very tight stop. Target price is $1.20 in the near term. Risking $.05 to make $.25 here. This stock is a real piece of crap though with zero earnings so I'm not expecting too much higher than that but the market does what it wants.
The risk reward looks good here. GDX had a good run the past few weeks and is now taking a little breather to back test its 20.40ish support line. I'm buying here with a stop if it breaks below 20. Target is 27. Risk $1 to make $6.
This is a low risk high reward. VRNG finally broke above its $.68 cap and the next stop is $.99 for a 45% return. Setting stop at $.60.
EDIT: Sold at .95 cents 1 day after posting.
It appears to have formed a double bottom base at 23 and has cleared its first hurdle of $26. Buying here with a stop below $26. I'll look to sell once it fills the gap near $38. Risking $1 to make $11.
Zillow had a nice pullback from its summer 2014 highs and winter always tends to be a "low" point in the stock price. Looks like a double bottom has formed at $100 and MACD is sloping upwards. I'm a buyer here with a stop below $100, target $150 will give you a 24x R/R.
UPDATE 2/18. Sold at 129. May rebuy on pullback.
SN looks to have formed a base and has finally broke and held above the $10 mark. I'm buying now with a stop below 10. Target is 17 which is a previous base. Risking $1.17 for a reward of $5.83, R/R ratio of 5/1.
Clear bull flag here with a support line of $25, good risk reward for a retest of its 10 year high $32.50 range. I'm keeping a tight stop below $25 ($24.50ish) on this one as its had a good run lately and could do a little pullback.
Coach is above its 50 and 100 day MA, if its able to break the $37.62 trendline I'll buy with a target price of$45, nice 10%+ return. Stop price will be $35, very good risk reward here.
LNKD just broke below its 8 month trend line and its below the 50 day MA. I predict a kiss of death back to trend and then down to test the 200 day MA as well as its last low of about $187. I'm going short with a stop at the 50 day and a target of $190-$200. With negtive earnings and a forward PE of 78 it doesn't make sense for it to be valued this high. Down we go.
We've closed above the 50 day MA for the first time since last August and also cleared the $7.25 mark. I feel we could see a bounce into the $11 range. This stock was once $100 and definitely has some room to run under the right circumstances.
I'm going long with a stop back at the 50 day around $8.00. Target $11.00
IF this goes below $48.50 I'm taking this short with a 5% stop loss --- Target is a previous support of $32.50ish. IF it cannot break the support I may reverse and go long with a target of its 200 day MA.
TSLA recently broke a long term support of $194 this week, one that was first set as a 52 week high last October 2013. It initially broke that high Feb 2014 and rallied nearly $100 to its 52 week high of $291 in September 2014---quite a run. Since then it has tumbled, testing its 200 day MA several times until that finally failed. It performed the kiss of...
