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Trade of the Week

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Western Digital (WDC) Trade of the Week

Western Digital (WDC) shares setting up well in a multi-month flag under $75 and massive potential for upside as it continues the longer-term trend towards $90. Shares moved back above the 8- and 21-day MA on Friday and momentum starting to inflect higher and ready to...

Next Era (NEE) Trade of the Week

Next-Era (NEE) shares pulling back last week to the low-end of April value and back-testing a multi-week base breakout at $76.50. A move back above the 8-EMA can setup a run back to $80+ and then the prior highs around $85. NEE has a lot of bull flow in open interest...

Morgan Stanley (MS) Trade of the Week

Morgan Stanley (MS) shares set to emerge out of a narrow range and back to new highs above $85 with MACD and RSI ready to run. MS has been in a strong trend and punching back above the 8- and 21-MA on Friday as well as VWAP from the prior highs. A breakout targets $95...

Broadcom (AVGO) Trade of the Week

Broadcom (AVGO) setting up well recently with four narrow closes in a row on the weekly as it sets up the right side of a nice flag around recent highs. On the daily, a narrow flag forming under $490 and just above the 21-day MA with RSI back around 50. A breakout...

Trade of the Week – Biohaven (BHVN)

Biohaven (BHVN) setting up well with shares in a multi-week range just above the rising 50-MA and name potential for a run back to 52-week highs near $100. BHVN has been one of the better-trending names in the space since March and measured target higher is around...

Trade of the Week – Penn National (PENN)

Penn National (PENN) nice reversal day on 12/1 off of the rising 21-day MA and just below a multi-week breakout that measures to $100. PENN has been a strong stock since March and forming a broad weekly range now. PENN has seen some sizable call buys lately including...

Trade of the Week – Baidu (BIDU)

Baidu (BIDU) shares pulling back to the 50-MA and putting in another hammer reversal today with the key $130 level and prior breakout holding up well. BIDU rallied strong in October and the current pullback (~7.5% in 10 sessions) is over-extended and historically puts...

Trade of the Week – Facebook (FB)

Facebook (FB) strong longer-term setup with shares putting in a small hammer reversal yesterday off of the 50-day MA and low-end of a rising channel from the September lows. FB has resistance at $282 from October value and a move higher targets $300+ with plenty of...

Trade of the Week – Carvana (CVNA)

Carvana (CVNA) strong chart and holding up better than other growth names this week with a bull wedge forming under $210 and breakout targeting a run back at $240 and new highs. MACD is near a bullish crossover and RSI improving with plenty of room to run. The $14.24B...

Trade of the Week – Tesla (TSLA)

Tesla (TSLA) weekly setting up for a potential bull wedge breakout above $450 with significant upside as a continuation of the long-term trend. TSLA with an impending bull crossover on the daily and RSI out of a downtrend as well, ready to run. The daily timeframe...