Jim Cramer And Bob Lang Go “Off The Charts” And Look At Three Biotech Buys

By | July 17, 2018

Bob Lang, the founder of ExplosiveOptions.net and part of TheStreet.com’s Trifecta Stocks newsletter team gave his technical take on three stocks in the biotechnology sector, on the “Off the Charts” segment of Mad Money tonight. Cramer’s charts suggest big-name biotech stocks Gilead and Celgene have more room to run from CNBC. Gilead Sciences (GILD), Celegene… Read More »

Eveningstar Patterns On Electronic Arts & Activision Charts Could Be Bad For NVIDIA

By | July 17, 2018

The price action in Electronic Arts (EA) is closely correlated to the price action in Activision Blizzard (ATVI), as would be expected with the two biggest names in the gaming industry. In trading on Monday shares of both companies were down and this large dark down-day candle completed the formation of a eveningstar pattern on… Read More »

Will The “Incredible Doji” Impart A Smackdown On World Wrestling Entertainment

By | July 15, 2018

The weekly chart of World Wrestling Entertainment (WWE) has gone hyperbolic. The stock price has diverted widely from its 40 week moving average. On the daily chart the 50 day average is over 40% higher than the 200 day average. These diversions are the most in the history of the stock price. It’s impossible to… Read More »

The S&P 500 Index Has Been Hijacked By Big Tech!

By | July 15, 2018

The S&P 500 Index has been making a well-defined series of higher highs and higher lows, since it bottomed in early April. A very bullish looking rising channel pattern has formed on the daily chart. Friday’s close took out the February high, the relative strength index is tracking higher, volume is light but the direction… Read More »

Party City Holdco – Shares Set Up For A Short-Squeeze Rally

By | July 13, 2018

There is a 20% outstanding short interest in shares of Party City Holdco, a speciality retailer that provides party supplies. This is usually not a good fundamental sign. Short sellers are very often right about a stock. But when the stock has been under consolidation for a while and looks like it is poised to… Read More »

Docusign – A Bullish Reversal Pattern Sets Up A Good Risk/Reward Trade

By | July 12, 2018

Docusign (DOCU) became a publicly traded company 53 trading days ago. The e-signature software provider made its May debut at $38 and then rallied sharply, to a $64 closing high the following month. After making its June high, however, shares quickly reversed direction and in just the next two weeks, retraced 50% of the initial… Read More »