A few stocks I am watching:
Ford is catching my attention. This is a zoom of the all time chart and captures the swing high from 1999 and the low from March 2009. The stock is trading right at the 23.6% fib line at $7.40. The stock is also trading near its 50 day SMA at $7.34. The pre-market reaction is favorable and the stock is trading above $7.40 in the pre-market. If I see volume come into this stock over the next couple of days and this resistance level broken (again, the breakout failed over the summer), I would be interested in buying this stock.
Papa John’s reports earnings tomorrow morning. I’m not going to jump into a stock right before earnings, but this one is a nice looking short. We’ve got a descending triangle price pattern and the stock is trading under the 50, 200 and now 300 day SMAs. Also note the failed pipe bottom on October 21-22.
PENN is forming a descending triangle and is hanging on to its 300 day SMA. I’m looking to enter on a breakdown.
TNDM reports on the 4th. This one is another potential descending triangle breakdown. The stock is clinging to horizontal support and its 300 day SMA. I’m looking to enter on a breakdown.
I’m watching an overnight range of 1029-1042.
Also, for those that did not catch it over the weekend, I have added a trading blog list. If you want your blog added or know of a blog that should be added, please let me know via the comments section, twitter or by email.
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chartsandcoffee
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chartsandcoffee
