3 Reasons to Buy $DVN
The stars are aligning for Devon Energy Corporation ($DVN), as major technical factors indicate that this stock is ready to rally. I’ve got three reasons to buy $DVN. Take a look..
Here’s a Quickie
Tractor Supply Company ($TSCO) is testing a major area of confluence that could offer an excellent selling opportunity. Here’s why..
Major Support in the $RUT
The Russell 2000 Index ($RUT) has found buyers every time price has ventured into the 600-zone over the last three months. With price also testing a major area of pivot-based support, the $RUT could be on the verge of a swift advance soon.
$WYNN Hits Resistance
Wynn Resorts ($WYNN) has been a strong stock over the last six weeks of trading, rallying 20 points from recent support at $73. However, price has run smack into a high area of confluence at $94, which could set the stage for a sharp drop from current levels.
Is Silver Headed Lower?
The Silver futures contract has enjoyed a nice run of strength lately, but is beginning to stall at a clear area of pivot confluence. Also, one of my favorite candlestick reversal patterns has just fired a short signal, which means a round of weakness could be seen ahead!