Trade of the Week
Netease Sets Up with Notable Call OI
NetEase (NTES) putting in a reversal candle on Friday and back last week just above the prior range breakout and the 21-MA, nice risk/reward setup in the name that has seen bullish flows accumulate. Friday’s low was also right at VWAP from the May low. Shares gapped...
Trade of the Week: Yeti (YETI) Calls
Yeti (YETI) shares holding up well recently and flagging above the rising 50-MA and prior range with plenty of room for upside on a breakout. The May value-area high is just above at $88.25 and a breakout has a measured move to $100. Shares closed above the 8-, 13-,...
IAC Interactive (IAC) Trade of the Week
IAC Interactive (IAC) shares back at a strong risk/reward spot after pulling off of 52-week highs recently and setting up well for a run higher and move out of a three-month range. A breakout back above $235 gets shares through their short-term moving averages and to...
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...