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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
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  • Lakeland Industries Nears Support

    Lakeland Industries, Inc. (NASDAQ:LAKE) has fallen from a 52 week high of $29.55 to a low today of $13.66. All this in five trading days as Ebola fears have subsided. There have been no new cases of the deadly virus reported and Lakeland Industries had soared too close to the sun (was too overbought). A fall was obvious in the cards and has taken place. However, as it has fallen, the value has started to get attractive, especially on a technical level. The daily 20 moving average is almost at hand and this could cause a very short term bounce in the stock. The bounce could be 20-30% on a technical retrace. The 20 moving average on the daily chart is $13.18.

    Gareth Soloway

    Tags: LAKE
    Oct 20 12:09 PM | Link | Comment!
  • This Is Why Zillow Is Bouncing

    Zillow Inc (NASDAQ:Z) is bouncing today off the key $100 level. If you saw the chart, you would have expected it. Why? Simply look at the chart below and note the major support at the $100 level. If there was going to be a bounce in Zillow, this was going to be it. Will it bounce more? Yes, it should bounce back to $112+.

    Gareth Soloway

    Tags: Z
    Oct 14 1:00 PM | Link | Comment!
  • Chart Of The Day: Chesapeake Energy Corporation

    Chesapeake Energy Corporation (NYSE:CHK) has fallen into major support on the daily chart. This stock gives new meaning to the word bloodbath as it has fallen from a high of $31.50 on June 24th, 2014 to a low today of $18.23. That is a whopping 42% drop in four months. This chart is oversold and into a key level of support at $18.25. A potential bounce could yield 20% upside. If it continues to fall, the next support would be $16.40. Odds are high for a bounce. The key is a bounce on oil which is oversold as well.

    Gareth Soloway

    Tags: CHK
    Oct 13 12:27 PM | Link | Comment!
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