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InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
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  • Adobe Systems Incorporated Headed For These Levels

    Adobe Systems Incorporated (NASDAQ:ADBE) shares have come under pressure over the last few weeks. The stock was trading as high as $73.58 as recently as September 9. Since then Adobe Systems Incorporated (NASDAQ:ADBE) stock has declined almost 10% and is starting to get attractive for a long side trade. The first level on watch for next week which could provide a profitable bounce is $65.50. That is slightly below the 200 day moving average and there is also previous consolidation there, which should provide some support. The second level is more for conservative traders and that is $63.50. Have this chart on your watch list for next week and look to make some money at those isolated levels.

    (click to enlarge)

    Parm Mann

    Tags: ADBE
    Sep 19 12:26 PM | Link | Comment!
  • The Nosedive Trade, American Airlines

    Shares of American Airlines Group Inc. (NASDAQ:AAL) have come under pressure the last two weeks even as the price of oil has dropped. This drop in oil should help American Airlines Group Inc. (NASDAQ:AAL) as it cuts their fuel prices, helping their bottom line. The stock has now created a "Head and Shoulders" top pattern on the daily chart. If this chart pattern should trigger, it could easily send the stock down to the $25 level. Let's look at how you should trade this stock...

    Trade The Pattern:

    The trade is simple, the first close below the neckline on a daily chart time frame basis is when you go short AAL. If it then closes back above the line, consider the pattern voided and you stop out for a small loss. This is a low risk, high reward setup and you should certainly take advantage of it. Like I said, abide by the levels, they will guide you to trade this pattern for either a very nice profit, or a fast exit for a small loss.

    Evan Poechman

    Tags: AAL
    Sep 18 3:58 PM | Link | Comment!
  • Stratasys, Ltd. Could Be Headed For The Stratosphere

    Yesterday while I was looking at the chart of Stratasys, Ltd. (NASDAQ:SSYS) I noticed a potential for an inverse head and shoulder pattern. The set up was there, the only thing needed was a close above the neckline on the daily chart. At the close of markets, Stratasys, Ltd. (NASDAQ:SSYS) had indeed closed above the line and the inverse head and shoulders had triggered. The one thing that I love about this trade set up is the fact that Stratasys stock actually tagged the neckline this morning and bounced off it, giving validation to the line. At this point this is an easy trade because traders and investors can go long the stock here and look for a huge upside target of around $170. That would be a potentially massive gain of 31%! The only risk is if the stock closes below the neckline, then you simply stop out for a tiny percentage hit. The risk reward here is very compelling as you are only risking a few points of downside for potentially $44 of upside. Its trades like this that separate the pro profitable traders from the amateurs.

    (click to enlarge)

    Parm Mann

    Tags: SSYS
    Sep 18 2:38 PM | Link | Comment!
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