F — Ford looks set to break through to new highs as long as the company doesn’t scare traders with its numbers. If price breaks the rising trend line, we would move to a neutral stance on the stock and wait for a resumption in the uptrend before considering new purchases.
MSFT – Microsoft was stuck in a $10 range for the better part of 3 years until very recently. Still, the stock looks prepared to stage an assault on its high up around $38 if numbers hold up. In our view, pullbacks are to be bought unless or until price breaks down below the yellow support line… at which point we would become neutral.
AMZN – Amazon has left the building… Each of the horizontal lines represent potential support levels, but in truth south of $250, one would have to become more suspicious of the current uptrend. If the company craps out on numbers tomorrow, the first level to watch for is $315.
UA – What’s not to like about Under Armour? Pullbacks should be bought.
DECK – Deckers is at an interesting spot. This could be just a lull in the reversal back to the upside… or it could be a pause before heading toward the optimal place to look for a short signal (inside the circle).
ZNGA – Not even with an enemy’s money.
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