This Retail Stock $KSS Just Triggered The Mother Of All Head & Shoulder Patterns This morning, leading retail stock, Kohls Corp (NYSE:KSS), is falling by more than 12.0% after reporting earnings that missed estimates. The stock has been weak since it peaked on April 24, 2019 at $75.80 a share. Today, KSS stock is trading lower by $7.41 to $55.46 a share. So it is easy to see how this stock is already very oversold at this time, but the pattern that is triggering today signals more downside to come. There is a big weekly chart head and shoulders pattern that has developed and is going to possibly trigger by the end of the week. Due to laws of symmetry the pattern suggests a potential decline down to the $35.00 level. Now please understand, these patterns take time to play out. They do not complete their potential declined in a single session, they take time to complete. Traders should also note that any pattern can fail at anytime, so if KSS closes above $60.00 on a weekly chart then this pattern is no longer valid and has failed. Nick Santiago InTheMoneyStocks
With earnings a week from Thursday, I like $KHC. Has a 5% dividend yield, Buffet owns a big chunk. Investors expect horrible news (expectations low). Stock trading at multi-year lows. Chart in extreme oversold area. It has all the makings of a bounce.
Buy Alert: Kraft Heinz Co $KHC Bullish Case Ahead Of Earnings Shares of Kraft Heinz Co (KHC) have been in a spiral lower since 2017. The stock topped out near $100 in January 2017 and has fallen almost non-stop lower. While the chart is nasty, there are signs of life as pro traders start to accumulate. First, the stock now pays a 5% dividend yield. With the 10 year yield trading below 2.50%, this makes for an attractive place to park money. Next, Buffet owns a large stake. Buffet rarely loses. Another big factor is the oversold metrics. Almost every technical signal shows an oversold condition with positive divergences starting to appear. This speaks of a coming move up for the stock. Lastly, investor sentiment is as bearish as ever on Kraft Heinz. When investors expect the absolute worst, it does not take much for the company to showcase some light at the end of the tunnel and see a short covering pop in the stock. With earnings next Thursday, signals point to an up-move coming. Calculations show a possible upside target of $41.00 from its current $32.00 price. Gareth Soloway InTheMoneyStocks
Alibaba Group $BABA Target Swing Buy Level Approaching Alibaba Group (BABA) shares are in free-fall as the trade war with China escalates. While Alibaba has little direct impact from tariffs, it is all about investor sentiment toward China stocks, and it is not good right now. Having said that, pro traders are taking note of a the massive fall in the stock and a major, multi-factor support level coming up at $155.90. There is a major gap fill here, pivot support and a 61.8% Fibonacci level. With these three technical levels in place at the $155.90, pro traders believe it will see a snap back bounce. They are looking to buy Alibaba as a swing trade there. Gareth Soloway InTheMoneyStocks
#Trump made an error. By showing how much he cares if the markets drop a few 100 points, he handed China a game plan. They play hardball, markets fall and Trump is more likely to give an inch, especially with the elections coming up next yr - Gareth S
Lowe's Cos Inc $LOW Keeps Falling And It Can Go Lower Lowe's Companies, Inc. (Lowe's) is a leading home improvement company. The Company operates approximately 2,370 home improvement and hardware stores in the United States, Canada and Mexico. Recently, the stock plunged sharply lower after reporting earnings that disappointed the street. Traders and investors should note that the stock actually topped out on April 17, 2019 at $118.23 a share. Today, the stock is trading lower by $2.13 to $93.21 a share. The stock is now trading below it's important 200-day moving average which puts the stock in a weak technical position. In the near term, the stock could have some short term support around the $90.00 area. Unfortunately, the bigger time frame charts are suggesting lower prices are still in the cards for LOW stock. The next major support level for the stock will likely be around the $75.00 level. This important support area is where the stock was defended back in September 2017, it will likely be defended again at that level when retested. Nicholas Santiago InTheMoneyStocks
Lowe's $LOW Master Bounce Level Revealed Shares of Lowe's (LOW) continue to fall sharply after their latest earnings report was horrid. The stock is down from a 52 week high of over $118 in April 2019 to its current $93.00 price. The exodus from the stock is getting overdone, but a swing trade bounce won't come into the stock until it tags $90. Once at $90, there is a multi-factor support level that will pop the stock to almost $100. Pro traders are eyeing $90 as a sweet swing trade level. Gareth Soloway InTheMoneyStocks
Bed Bath & Beyond $BBBY Gap Fill Technical Support Nears Shares of Bed Bath & Beyond (BBBY) have been grinding lower ever since the company surged on better-than-expected earnings. The down-draft has been sector wide as the consumer seems to be shopping less and only online. While Bed Bath & Beyond still had stellar results, it has been caught in general selling pressure. Having said that, there is a major gap fill approaching that is a strong buy swing trade. The level is $12.25 and about $1.25 away from the current price. At this level, Bed Bath & Beyond is expected to bounce sharply higher. I will be looking to buy at the $12.25 level in the coming weeks. Gareth Soloway InTheMoneyStocks
Alphabet $GOOGL Is Breaking Its Recent Low, Here's Where It Goes Next Tech giant, Alphabet Inc NASDAQ:GOOGL), is now testing and breaking below its May 15th, 2019 low. This low in the stock was extremely important because the stock bottomed at $1121.40 a share and staged a $49.40 reversal closing at $1170.80 that day. The volume in that session was heavy with 2.9 million shares traded. Today, GOOGL stock is trading below that important low and that is a bearish indication for the stock. A daily chart close below the May 15th, 2019 low should ultimately send another sell signal to the stock. The next major support level for GOOGL stock will be around the $1045 level. This is where the stock staged a reversal in December 2018 and should be defended again by the institutional crowd when retested. Nicholas Santiago InTheMoneyStocks
Here's A Leading Biotech Stock That Is Getting Attractive Most of the leading biotechnology stocks have been very weak over the past couple of months. The SPDR S&P Biotech ETF (NYSEArca:XBI) and iShares Nasdaq Biotechnology ETF (NASDAQ:IBB) have both declined by more than 10.0 percent since early April 2019. Unfortunately for this industry group there looks to be more downside in the cards near term. One particular leading biotech stock that has been under pressure recently is Amgen Inc (NASDAQ:AMGN). This stock traded as high as $196.87 a share on April 5, 2019. Today, the stock is trading at $168.72 a share, so traders and investors can easily see how this stock has declined so sharply in such a short time span. Shares of AMGN are now trading below their 200-week moving average. This puts the stock in a weak technical position and signals further declines to comes. The stock looks to have a lot around the $160.00 level. This is an area that should be defended when initially tested. It is also a level that was supported in June 2017 which is tells me that this trade area should provide a nice bounce for the stock. Nicholas Santiago InTheMoneyStocks
