Identifying Market Opportunities Daily

Johnson & Johnson (JNJ) has become severely oversold at strong support.  Plus, it’s starting to pivot from over-extensions on RSI, MACD, and William’s %R.  From a current price of $158.32, we’d like to see JNJ closer to $165 again. While the company still has...

After plummeting from about $8.25 to about $3.67, EVgo (EVGO) is showing signs of life.  Not only did it just find support dating back to early 2023, EVGO is also over-extended on RSI, MACD, and Williams’ %R.  All after the company priced a public offering of shares...

With higher demand for electric vehicles, we need as much lithium as possible. Unfortunately, there may not be enough of it to go around, according to Stellantis CEO Carlos Tavares.  "We know that we need lithium. We know that we are not producing as much as we need....

With gold prices on the move, keep an eye on Barrick Gold (GOLD). After dropping from about $20.50 to $16.88, the gold stock has become severely oversold.  Even RSI, MACD, and Williams’ %R are all deep in oversold territory. The last time this stock became this...

With summer just around the corner, keep an eye on Six Flags (SIX). For one, the stock tends to tick higher in the warmer months, with an increase in visitation. In fact, with rising attendance levels, the company is looking for a big summer season this year. Two, it...

Shares of LYFT (LYFT) have become wildly oversold on poor earnings and guidance.  However, the stock is showing signs of life these days. In fact, even RSI, MACD, and Williams’ %R are starting to push higher. We should also note the last time LYFT became this...

Qualcomm (QCOM) has become wildly oversold at major support. It’s also over-extended on RSI, MACD, and Williams’ %R.  In fact, each time these indicators have been this low, and in agreement, the stock has bounced back. We saw it happen in March, at the tail end of...

Nvidia’s earnings are sparking a substantial rally in AI stocks. All thanks to surging demand for AI, NVDA earnings “lived up the generative AI hype,” KeyBanc Capital Markets analysts noted, as they hiked their price target on the stock to $500 from $375, as noted by...

Oil prices are gushing higher again.  Last checked, crude was up $1.22 to $74.13. All after Saudi Arabia said, “short sellers – those betting prices will fall – should ‘watch out’ for pain.” Some investors are taking that as a sign that OPEC+ may be considering...

Keep an eye on Nike (NKE). In recent days, NKE fell from about $127.50 to $110.18 on poor earnings. Not helping, Williams Trading analysts just downgraded the stock to a sell rating on growing margin pressure. As noted by Investing.com, “the analysts argued that the...