Category Archives: Chart of the Day

Get a new chart in your inbox each morning when you join Invested Central

Invested Central Chart of the Day: ABMD

Posted on by
Reply

ABMD is an $825.7 million healthcare company that provides medical devices in circulatory support and continuum of care in heart recovery to acute heart failure patients. ABMD has excellent volume trends and recently needed some relief from very overbought levels. There was also a long-term negative divergence that had printed and that led to a subsequent 50 day SMA test and a MACD “reset” at the centerline. The selling over the past four or five sessions helped to relieve the overbought issue and now sets up ABMD to be in a much more favorable reward to risk trade. We like entry at the current price and again at $21.15. We’d keep a tight closing stop beneath $20.98 and our initial target would be $24.18.

You should consider these educational charts and analysis for possible short-term trades only. We are not registered investment advisors and the following trade setups should not be viewed as investment advice. Accordingly, please check with your financial advisor before deciding to buy or sell any of these investment securities. Read our full Disclaimer below.

Because we do not recommend holding a stock into its earnings report, please check all earnings dates on Charts of the Day stocks before making a decision on whether to consider a trade.

Invested Central Chart of the Day: AMED

Posted on by
Reply

AMED is a $342.9 million healthcare company that provides home health and hospice services to the chronic, co-morbid, and aging American population. Technically, AMED seemed to have bottomed with the gap down and selling in early November. Since that time, AMED traded sideways for the next few months until volume surged in late January and AMED cleared its 20 day EMA and 50 day SMA. Subsequently, there was a golden cross (20 day EMA crossed above 50 day SMA), and on Tuesday, AMED successfully tested its 20 day EMA. We like entry from the current price down to the 20 day EMA with a closing stop beneath the 50 day SMA. Initial resistance will come just above $12.00, but a breakout above the $12.10 level on increasing volume would measure to the $14.50-$15.00 level. That’s our target.

You should consider these educational charts and analysis for possible short-term trades only. We are not registered investment advisors and the following trade setups should not be viewed as investment advice. Accordingly, please check with your financial advisor before deciding to buy or sell any of these investment securities. Read our full Disclaimer below.

Because we do not recommend holding a stock into its earnings report, please check all earnings dates on Charts of the Day stocks before making a decision on whether to consider a trade.

Invested Central Chart of the Day: AAPL

Posted on by
Reply

AAPL is a $464 billion technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players; and sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. At Wednesday’s intraday high, AAPL was threatening a market cap of half a trillion dollars. But note the massive volume (highest over the period shown) that accompanied a very bearish short-term candlestick – the bearish engulfing candle. We’re not exactly bearish AAPL and we don’t know that we’d short it, but technically we would consider being long either until AAPL can clear Wednesday’s open of $514.26 on a closing basis. Look for volume to confirm that move. The major indices, particularly the NASDAQ, have been looking for reasons to consolidate recent gains and AAPL’s trading on Wednesday may have provided the biggest reason yet. That is one UGLY candlestick. The next week may prove to be a difficult one for the high-flying NASDAQ as its largest market cap company – AAPL – finished very weak.

You should consider these educational charts and analysis for possible short-term trades only. We are not registered investment advisors and the following trade setups should not be viewed as investment advice. Accordingly, please check with your financial advisor before deciding to buy or sell any of these investment securities. Read our full Disclaimer below.

Because we do not recommend holding a stock into its earnings report, please check all earnings dates on Charts of the Day stocks before making a decision on whether to consider a trade.

Invested Central Chart of the Day: NUVA

Posted on by
Reply

NUVA is a $659.4 million healthcare company that engages in the design, development, and marketing of minimally disruptive surgical products and procedures for the spine. Technically, the breakout that occurred in late January appears to be from a bottoming head & shoulders pattern. Volume was very heavy and you can see the subsequent backtest of that breakout area. On Monday, NUVA hit its 20 day EMA for the first time since breaking out. After trading down the past 6 or 7 trading sessions, this would be an area where we would expect a bounce. We like entry at the current price and again if price support is tested down near $14.75. We’d consider our closing stop to be at $14.50, although the rising 50 day SMA could be used if you’d like to give this one a bit more room. Initial resistance comes in at $17.20, but the measurement on the head & shoulders breakout is $18.50. That’d be our target.

You should consider these educational charts and analysis for possible short-term trades only. We are not registered investment advisors and the following trade setups should not be viewed as investment advice. Accordingly, please check with your financial advisor before deciding to buy or sell any of these investment securities. Read our full Disclaimer below.

Because we do not recommend holding a stock into its earnings report, please check all earnings dates on Charts of the Day stocks before making a decision on whether to consider a trade.

Invested Central Chart of the Day: CSX

Posted on by
1

CSX is a $23.3 billion transportation company that provides rail-based transportation services. As we showed in our marketVISUAL this weekend, railroads are at a critical short-term support level. Therefore, we looked for an individual railroad that was also at or near key support. CSX fit the bill as its trendline, gap and price support all coincide very near the $21.61-$21.85 area. Consider entry at the current price down to gap support at $21.61. A closing stop could be very tight at the $21.40 level. We’d look for the early January high near $23.75 to be our short-term target.

You should consider these educational charts and analysis for possible short-term trades only. We are not registered investment advisors and the following trade setups should not be viewed as investment advice. Accordingly, please check with your financial advisor before deciding to buy or sell any of these investment securities. Read our full Disclaimer below.

Because we do not recommend holding a stock into its earnings report, please check all earnings dates on Charts of the Day stocks before making a decision on whether to consider a trade.

Invested Central Chart of the Day: GG

Posted on by
Reply

GG is a $38.2 billion basic materials company that engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. GG has been range bound for quite some time, but recent volume trends have turned positive and we like the way it’s acted during the most recent pullback to its two primary moving averages – the 20 day EMA and the 50 day SMA. Note that the MACD has barely budged lower on the selling, suggesting that the bulls remain in control here and the selloff has simply improved the reward to risk. A closing stop beneath $46.00 makes sense while entry at the current price down to $46.25 will offer limited downside. Our target would be a resumption of the late January upward momentum back to the $49.50-$50.00 area.

You should consider these educational charts and analysis for possible short-term trades only. We are not registered investment advisors and the following trade setups should not be viewed as investment advice. Accordingly, please check with your financial advisor before deciding to buy or sell any of these investment securities. Read our full Disclaimer below.

Because we do not recommend holding a stock into its earnings report, please check all earnings dates on Charts of the Day stocks before making a decision on whether to consider a trade.

Invested Central Chart of the Day: BAK

Posted on by
Reply

BAK is a $7.13 billion basic materials company that produces and sells petrochemical and thermoplastic products in Brazil and internationally. Keep this one on your radar. A potential bottoming head & shoulders formation is underway with recent highs situated close to neckline. Note that there’s been heavy volume on this move to the upside, which signifies the possibility of accumulation. Weakness in the near-term down to the rising 20 day EMA (currently at $16.25) would represent a solid entry point while the 50 day SMA (currently at $15.34) could be used as a closing line in the sand. Should this formation continue, an ultimate breakout above the neckline at $18.75-$19.00 on massive volume would “measure” close to the early September high near $24.00. The more than 5% dividend is an added bonus.

You should consider these educational charts and analysis for possible short-term trades only. We are not registered investment advisors and the following trade setups should not be viewed as investment advice. Accordingly, please check with your financial advisor before deciding to buy or sell any of these investment securities. Read our full Disclaimer below.

Because we do not recommend holding a stock into its earnings report, please check all earnings dates on Charts of the Day stocks before making a decision on whether to consider a trade.

Invested Central Chart of the Day: FII

Posted on by
Reply

FII is a $1.8 billion financial company that provides asset management services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. Volume over the past few weeks has been very strong as FII has made a bullish move higher. Friday’s selloff was needed to relieve these VERY overbought conditions. Despite the move beneath the 20 day EMA intraday on Friday, FII rebounded by the close to hold onto this key moving average. We like entry at the current level. Consider a closing stop beneath $17.00 while a test of the 200 day SMA (currently at $19.68) would serve as a short-term target.

You should consider these educational charts and analysis for possible short-term trades only. We are not registered investment advisors and the following trade setups should not be viewed as investment advice. Accordingly, please check with your financial advisor before deciding to buy or sell any of these investment securities. Read our full Disclaimer below.

Because we do not recommend holding a stock into its earnings report, please check all earnings dates on Charts of the Day stocks before making a decision on whether to consider a trade.

Invested Central Chart of the Day: CUBE

Posted on by
Reply

CUBE is a $1.37 billion financial company that operates as a real estate investment trust (REIT). A lot of negative technical indicators are coming together simultaneously. It doesn’t mean CUBE cannot move higher, just that the odds are stacked against it. After the recent advance, CUBE has run into overbought conditions and hit overhead resistance. In addition, volume was light on Monday as CUBE unsuccessfully attempted a breakout. Throw in the reversing black candle AND a long-term negative divergence and it’s clearly time to GET OUT of CUBE if you’re long. We actually like it on the short side, with entry at the current price and a closing stop above $11.50. Our target would be a test of the 50 day SMA (currently $10.14) or $10.25 price support, whichever occurs first.

You should consider these educational charts and analysis for possible short-term trades only. We are not registered investment advisors and the following trade setups should not be viewed as investment advice. Accordingly, please check with your financial advisor before deciding to buy or sell any of these investment securities. Read our full Disclaimer below.

Because we do not recommend holding a stock into its earnings report, please check all earnings dates on Charts of the Day stocks before making a decision on whether to consider a trade.

Invested Central Chart of the Day: IACI

Posted on by
Reply

IACI is a $3.46 billion services company that engages in the Internet business in the United States and internationally. IACI has been consolidating recently, while the rest of the market has mostly been moving higher. The consolidation is very healthy as it follows a prior uptrend and the consolidation has taken the form of a bullish ascending triangle. The measurement from the top of the triangle to the bottom is about 9 dollars. So a breakout above $43.50 on heavy, confirming volume would measure to roughly $52.50. The best time to enter IACI is either on that heavy volume breakout where you can use the rising 20 day EMA as your closing stop OR on a pullback to the bottom of the triangle, perhaps closer to $41.00.

You should consider these educational charts and analysis for possible short-term trades only. We are not registered investment advisors and the following trade setups should not be viewed as investment advice. Accordingly, please check with your financial advisor before deciding to buy or sell any of these investment securities. Read our full Disclaimer below.

Because we do not recommend holding a stock into its earnings report, please check all earnings dates on Charts of the Day stocks before making a decision on whether to consider a trade.