End of day video review of the stocks in this morning’s game plan.
The best reviewed trade in the Game Plan Meeting was American Express. It was a perfect inside day at $77 support but it didn’t break down.
The same trade in $UTX worked out according to the game plan. I discuss both trades in the video and how to trade them.
Recent News on AXP
In a report published Monday, Nomura analysts downgraded the rating on American Express Company AXP 0.38%, while reducing the price target from $91 to $82. The analysts cited the “lack of catalysts” as the reason for the revised rating.
In the report Nomura noted, “With AXP’s investor day and 1Q15 earnings now behind us, we see no potential positive near-term catalysts in sight and are downgrading AXP to Neutral from Buy based on our view that the shares are likely to remain range bound for the rest of 2015
Eagle Bay Capital founder and Market Technician JC Parets tracks the performance of the Dow Thirty, and recently analyzed American Express Company (NYSE: AXP).
Game Plan Review | End of Day 4.30.14
(For HD Quality Video-be sure to set your YouTube Settings to “HD”)
Stocks to Trade | Thursday April 30, 2015 (morning game plan meeting)
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Longs: DVN > 69, HAS, HES (breakout)
Earnings in play today > 1M avg shares: NOK, XOM, V, GG, AIG, GILD, CELG, COP, CY, MOS, CL, TWC, ANR, TEVA, AEM, CI, PBI, PSX, CAH, POT, FSLR, ADP, EXPE, CME
Bullish Ideas Volume Price ATR: CYBR, AMZN, LYB, VRX, CTRP, CRM, CAM, HOT, SLB
Bearish Ideas Volume Price ATR: LL, WYNN, SNDK, KSS
Weak Stock Weak Close: OHI, ANF, WYNN, X,
Strong Stock Weak Close: RAI, YOKU,
Weak Stock Strong Close:
Strong Stock Strong Close: CRM, DVN, ETFC, VRX
20 day Breakdown: LL< 26.50, TWTR (support @36), ADT, COH, GLW, WM
20 Day Breakout: VRX, GT >29
2x Normal Volume: RGP, WYNN, CRM, GPRO, ORCL, GLW, GT
Core Watch List Longs: ADM, BHI, GE, MS>37.75, SBUX
Core Watch List Short: TOL, UAL, WMT <78
Inside days: UTX, AXP<77,