Category Archives: Chart of the Day

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Invested Central Chart of the Day: NUVA

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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

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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

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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

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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

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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

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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

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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.

Invested Central Chart of the Day: DANG

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DANG is a $574 million service company that operates as a business-to-consumer e-commerce company in the Peoples Republic of China. DANG has moved up sharply in recent weeks and is close to challenging a key price resistance level from late October. This could certainly represent the right side of a neckline in a bottoming head & shoulders pattern. We love the volume that’s been building during the recent surge in price. As DANG approaches the neckline, note that it’s overbought in the near-term, so a pullback would be expected technically. Should that pullback occur, look for lesser volume and keep a close eye on both price support near $5.50 and also the rising 20 day EMA. Either or both of those could provide solid entry points on the long side. Given the recent run up in price, it would be hard to chase this move, but given the pattern, entering on a pullback seems like a nice strategy for an AGGRESSIVE trader. DANG is quite volatile at times and isn’t for everyone.

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: SLM

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SLM is a $7.27 billion financial company that provides education finance in the United States. Key resistance has held on several occasions at $14.22 – until Wednesday. SLM powered through $14.22 on volume that was 40% above its normal daily volume. It did pull back from its intraday high of $14.73, but managed to hang on to the closing breakout. We like entry at the current price with a target of $16.75. We’d consider using the rising 20 day EMA as a closing stop. Currently, the 20 day EMA is at $13.63. A very conservative play would be to use the $14.22 breakout level as a line in the sand to the downside.

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: EA

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EA is a $5.9 billion technology company that develops, markets, publishes, and distributes game software and content for video game consoles, personal computers, mobile phones, tablets and electronic readers, hand held game players, and the Internet. EA has been under tremendous selling pressure over the past 10 weeks or so, losing about one-third of its market capitalization in the process. It’s reached a key price support level at $17.62 (Tuesday’s low was $17.56). RSI has dipped just below 30 and stokes are now at just 8 so EA is very oversold as it reaches price support. In addtion, there are 26,000 equity puts at the $20 strike price and another 10,000 at $21.00. Unless big volume accompanies the move, we would NOT expect to see EA lose closing price support at $17.62. Therefore, we like a quick trade on the long side with entry at the current price and a closing stop beneath $17.50. Our target would be a quick move up to test the 20 day EMA or the $19.30-$19.40 level, whichever triggers 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.