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GarethSoloway
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Chief Market Strategist Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant & Rave Blog
  • AOL, Inc. Tumbles: Where To Buy It 0 comments
    May 7, 2014 12:47 PM | about stocks: AOL

    Earnings did not show a pretty picture for AOL, Inc. (NYSE:AOL). The stock is tumbling today after missing profit estimates. While down big on the day, it does not mean AOL, Inc. is a good buy. In the same respect, it does not mean it still has more downside. To determine where it is going, we must look at the chart and find the key support level where reward becomes large while risk is diminished.

    When analyzing the chart of AOL, Inc., it is clear the stock has more downside to go before it hits significant support. In fact, if you look at the weekly AOL chart, there was a great bear flag that formed, triggering to this epic collapse today. It is amazing how the charts can predict a move like this in AOL, Inc. Where is the significant support? The first AOL, Inc. level is at $29.45. This is where large institutions start taking note and looking to accumulate.

    Gareth Soloway

    InTheMoneyStocks.com

    Stocks: AOL
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