SunTrust Banks ($STI) has been trading range bound the last four months of trading and is now sitting just below the upper boundary of the range. Interestingly, multiple Inside Day relationships have also formed, which means we could see a major breakout opportunity ahead for this stock. Check it out..
We all know 1,130 has been a killer resistance level in the S&P 500 ($SPX) the last four months, but the underlying importance of this level may be bigger than you know. Check this out..
Mechel OAO ($MTL), the Russian steel company, has been gearing up for a breakout for over a month. Now that a bullish breakout has occurred, traders may begin to jump on the bandwagon. Here are my reasons to like this stock..
NVIDIA Corporation ($NVDA) has endured a highly bearish (and predictable) trend lately, and has seen the price of its shares drop from $18 to $9 in recent months. $NVDA is now offering another prime selling opportunity – one that could offer the next 18% drop! Here’s why..
The Semiconductor ETF ($SMH) has been honoring the boundaries of a large trading range from $25.40 to $28.90 over the last four months, offering amazing reversal opportunities along the way. As a matter of fact, I wrote about once such opportunity on the actual $SOX Index on July 6, which worked out great! Now, it looks like another opportunity may be upon us..
