Depending on the amount of time a position is kept open, traders can be separated into three categories: scalpers, day traders and position traders. The third group is known for holding a position for weeks, months or more if required. That group was recently rewarded by the sharp surge in Walt Disney stock. A little…
BURL Stock Approaching a Dangerous Area
Burlington Stores Inc. is a branded apparel retailer, which operates approximately 670 stores in the United States. The company, founded in 1972, was taken private in 2006, only to re-emerge as a public entity again in 2013. And while the company’s business performance has been steadily improving in recent years, BURL stock rose in tandem.…
NetEnt stock Looking for an Elliott Wave Bottom
NetEnt AB, based in Stockholm, Sweden, is a leading global provider of digital distributed games and gaming systems to online casino operators. It is also a good example of a company, whose shareholders became a victim of the market’s vicissitudes. NetEnt stock reached an all-time high of SEK 88.53 on June 1st, 2016. Less than…
Synchrony Financial Draws Bullish Elliott Wave Pattern
Synchrony Financial spun off from General Electric less than five years ago, but its shareholders have already experienced plenty of market turbulence on their own. 2018, for example, was nothing to brag about. The stock plunged from an all-time high of $40.59 in January to as low as $21.78 in late December. And as it…
Chipotle Stock Bulls Aiming at $900 a Share
The last time we wrote about Chipotle Mexican Grill, the stock was hovering around $470, following a rally from $248 in six months. The company was recovering from its 2016 E.coli, salmonella and norovirus outbreaks and Wall Street was once again embracing Chipotle stock. However, instead of joining the bulls right away, we decided to…
General Mills Stock Up by a Third in Three Months
General Mills stock plunged by 50% in the second half of 2018, following a decline from its July peak of $72.95. So, when the stock touched $36.42 in late-December most investors were not exactly optimistic about it, to put it mildly. On the other hand, the Elliott Wave analysis of GIS‘ daily price chart, published…
Goldman Sachs to Find Elliott Wave Inspiration
A year ago, in March 2018, Goldman Sachs stock climbed to an all time high of over $275 per share. Unfortunately for the trend-followers, the rest of the year was nothing short of disastrous. GS dipped below $152 in December before closing the year at $167.05 for a total annual loss of 35.2%. The stock…
MNST Stock Can Lose 25% From Current Levels
Despite the fact that 2018 was the best year in Monster Beverage Corp.‘s history in terms of earnings and revenue, MNST stock was another story. The share price reached an all-time high of $70.22 per share in January 2018, but eventually closed at $49.22 in December. A decline of almost 30%. Obviously, improvements in business…
Elliott Wave Pattern to Send ORLY Stock Tumbling 20%
In our previous article we examined Advance Auto Parts stock through the prism of the Elliott Wave principle. Today, we are going to take a look at another company in the same industry – O’Reilly Automotive Inc. – whose ORLY stock exceeded $394 per share last month. But it hasn’t always been that easy for…
AAP Stock Setting the Stage for a “Black Swan”?
The second half of 2017 was the worst time in many years for retail stocks in general. Everything from apparel, to sporting goods and grocery chains was under heavy selling pressure. The market didn’t spare auto parts retailers, as well. One of the victims was Advance Auto Parts – AAP stock. The stock crashed from…
Horizon Pharma Stock Was Cut in Half. Then it Tripled
Horizon Pharma (NASDAQ:HZNP), headquartered in Dublin, Ireland, is a $4.7B biopharmaceutical company operating primarily in the United States. In July 2015, its stock was in the vicinity of $39.50. By May 2017, it was trading under $10 per share. We first examined Horizon Pharma stock’s prospects in September 2016, when it was searching for direction…
OLED Stock can Halve if Rejected at Fibonacci Level
Universal Display (NASDAQ:OLED) stock is hot again. The share price is up by over 90% in less than two months, climbing from under $79 to above $151 since January 3rd. But is the bulls’ optimism warranted? Six months ago, on August 15th 2018, we examined OLED stock through the prism of the Elliott Wave principle.…
AMD Stock Carries More Risk than Reward near $25
AMD stock is up almost 34% since the start of 2019, beating the year-to-date return of the S&P 500 three times over. Shares fell to $16.04 on December 26th, when the bulls finally managed to fight back. Yesterday, the stock closed at $24.71, following an intraday high of $25.51. Most people, anticipating the rally to…
Elliott Wave Ahead of MCO Stock Bullish Reversal
A month and a half ago, Moody’s was trading below $137 a share, following a decline from as high as $188 in late-July, 2018. MCO stock was down by 27% in just five months and investors were getting overly pessimistic about its investment merits. But instead of simply extrapolating the recent weakness into the future,…
Procter & Gamble Stock Approaching Heavy Resistance
The lower the price paid the higher the return. This is a simple truth all stock market investors should keep in mind all the time. Yet, few really do. Procter & Gamble, for example, is the same strong company it was last year and the year before. Depending on the price you paid for its…
