Bull Flag On Dendreon Signals Possible Up Move Coming
Dendreon Corporation (NASDAQ:DNDN) has a solid bull flag formation on the daily chart. In addition, it is holding above the 20 moving average. The combination of these two factors, tells intelligent swing traders, an up move may be on the horizon. Dendreon Corp. is trading at $7.22, -0.20 (-2.71%). ...
There is an bull flag formation on the Netflix, Inc. (NASDAQ:NFLX). This pattern is forming just above the 20 moving average which adds validity. Based on this extremely bullish pattern, the stock could see significant upside in the coming week, including a short squeeze. Upside potential is to $72-$73. Netflix is trading at $66.39, -0.41 (-0.61%). ...
Cloud Computing Stocks Struggle Despite The Market Rally
This afternoon, most of the leading cloud computing stocks are struggling to trade higher. Salesforce.com Inc (NYSE:CRM) is considered to be one of the leading cloud computing stocks in the market. Today, CRM stock is trading lower by $1.28 to $145.72 a share. This leading cloud stock was trading as low as $143.20 around 1:30 pm EST. Since that afternoon low pivot ...
Green Mountain Continues to Plunge Intra-Day; Company Provided Terrible Q3 Guidance
Shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) are getting destroyed on Thursday after the company released its fiscal Q2 earnings results on Tuesday afternoon. The company reported EPS of $0.64 versus estimates of $0.64.
Revenues were $885.05 million versus estimates of $971.65 million.
Gross margins in the quarter fell 210 basis points to 35.4 percent.
This morning, many of the leading cloud computing stocks are failing to rally with the technology sector. This is very strange since the NASDAQ Composite is higher by 2.00 percent at the open of the session. One of the leading cloud computing stocks in the market is Salesforce.com Inc (NYSE:CRM). This stock is trading lower by 0.73 cents to $149.25 a share.
This morning, some of the leading cloud computing stocks are coming under selling pressure. Leading cloud computing stocks such as F5 Networks, Inc.(NASDAQ:FFIV), and VMware, Inc.(NYSE:VMW) are leading the cloud computing sell off. Both of these stocks have already bounced off of the morning lows.
The Wednesday before options expiration is usually the most volatile trading session of the week. We call this trading day 'Whipsaw Wednesday' as the action will usually be very erratic. This is a time when the large institutional traders will try and shake out the small retail options traders that is playing the near term expiration.