[Video] AXP |Trading Game Plan Review | April 30, 2015

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

American Express stock price target cut to $82 from $91 at Nomura

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

2 American Express Charts Worth Watching

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”)
hdquality

Stocks to Trade | Thursday April 30, 2015 (morning game plan meeting)

Subscriber Ideas:


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Inside days:

Longs: DVN > 69, HAS, HES (breakout)

Shorts:

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,

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Scott Thomas Reply

Long- RRC

Inside Day- CTRP

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