Owens Corning stock has confirmed a candle over candle reversal off its 50 SMA line. I have taken a swing long entry in Owens Corning in my personal trading account.
Owens Corning last issued its earnings report on July 26, 2017. The residential and commercial building materials company reported $1.20 EPS for the quarter which beat the consensus estimate of $1.08. Revenue also beat coming in at $1.60 billion versus the $1.48 billion estimate. You can read more about the company here.
Analysts are Bullish On Owens Corning Stock
Royal Bank Of Canada reiterated its outperform rating and set a price target of $71 (up from $67) on April 27, 2017. Jefferies Group raised its price target on Owens Corning stock from $71 to $72 and gave the stock a buy rating on April 28, 2017. Stifel Nicolaus raised its price target $72 and gave the stock a buy rating on May 1, 2017. Instinet reiterated a buy rating and set a price target of $74 on June 1, 2017. Overall, one analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating.
Owens Corning Stock Chart
There’s a good looking candle over candle bounce off the 50 SMA line. Large players volume has been rising while the stock has dropped which is a bullish signal. The Twiggs Money Flow is negative but its rounding up.
Prices have been consolidating lately and the volatility has been reduced forming a Momentum Squeeze.
A pullback has taken place which may present a good opportunity for an entry. There is a resistance zone just above the current price starting at $67.4. Right above this resistance zone may be a good entry point. There is a support zone below the current price at $66.5, a stop order could be placed below this zone.
Match Group looks like a juicy setup right now on the chart as it consolidates sideways. This is one of the most beautiful setups I’ve seen this week.
Institutional traders have increased their long positions in Match Group by 1.27% over the last three months.
The company’s Return On Assets of 8.93% is among the best in the industry. MTCH does better than the industry average Return On Assets of 2.47%.
MTCH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.43%. The EPS growth is accelerating too. EPS is expected to grow by 23.94% on average over the next 2 years. That is very strong growth.
MTCH does present a great setup opportunity. Notice that a study of Effective Volume shows large player volume is rising while the stock has been consolidating. The positive divergence between large player volume and stock price is very bullish.
Match Group has a rising Twiggs Money Flow which suggests good levels of accumulation on pullbacks is taking place. Keep in mind that the Twiggs Money Flow has not yet gone positive so more conservative traders may want to wait for such a break before taking a long entry.
We see reduced volatility while prices have been consolidating in the most recent period.
The Bollinger Bands are just about ready to cross into the Keltner Channel which sets up a momentum squeeze play.
There is a resistance zone just above the current price starting at 17.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.36, a stop order could be placed below this zone.
The stock of Micron Technology looks like a classic buy on weakness trade after the company reported excellent earnings and revenue beats but the stock sold off big time. The profit taking seems a bit extreme which may have caused some panic selling.
Micron Technology reported Q3 revenue rising 20% from the prior quarter, and 92% from the prior-year period, to $5.57 billion, yielding EPS of $1.62. Analysts had forecast $5.4 billion in revenue, and $1.52 per share in net income.
Micron President and CEO Sanjay Mehrotra said, “Micron delivered strong operational performance in the third quarter with free cash flow nearly double last quarter, which enabled us to retire $1 billion in debt. Our results reflect solid execution of our cost reduction plans and ongoing favorable industry supply and demand dynamics. The global trends taking shape today, including machine learning and big data analytics, are exciting and create significant opportunities for Micron. We are focused on positioning the company to realize these opportunities by investing in technology and products while also strengthening our balance sheet.”
Compared to an average industry Price/Earning Ratio of 25.63, Micron Technology is valuated rather cheaply. On top of this MU is cheaper than 86% of the companies listed in the same industry.
Micron Technology Stock Chart
Large players really dumped a lot of MU shares which is a warning sign. The Twiggs Money Flow also went negative which is another warning sign. I would wait before taking an entry in this stock. Look for some consolidation first so that you’re not trying to catch a falling knife. You can also use the Twiggs Money Flow as a signal on when to go long. When the Twiggs Money Flow breaks back above the zero line, and the large players volume starts rising, that’s the buy signal.
Finally! AMZN stock price is pulling back to a compelling entry level. If you’re like me and have been waiting for a pullback or consolidation in Amazon’s stock for an entry, check out the chart.
Amazon shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 118.93%, which is impressive. The Earnings Per Share has been growing strongly at 53.13% on average over the past 5 years. Measured over the past 5 years, AMZN shows a very strong growth in Revenue. The Revenue has been growing by 36.57% on average per year.
AMZN Stock Price
The Effective Volume study shows that large players are buying Amazon’s stock as it pulls back and consolidates. The stock has setup a momentum squeeze on the chart.
There is a resistance zone just above the current price starting at 968.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 967.99, a stop order could be placed below this zone.
For the last couple of weeks Square stock has been consolidating and is now in a momentum squeeze setup. This consolidation period looks like a compelling entry especially considering that Square’s revenue is rapidly growing.
When comparing the growth rate of the last year to the growth rate of the upcoming 2 years, we see that the growth is accelerating. Based on estimates for the next 2 years, SQ will show a very strong growth in Earnings Per Share. The EPS will grow by 80.27% on average per year.
SQ has a Current Ratio of 2.42. This indicates that SQ is financially healthy and has no problem in meeting its short term obligations.
Institutional traders have increased their long positions in Square by a whopping 19.5% over the last 3 months.
Square Stock Chart
SQ presents a good setup pattern even though large player volume has been falling. Prices have been consolidating lately and the volatility has been reduced forming a momentum squeeze.
A pullback is taking place in Square stock, which may present a nice opportunity for an entry. There is a support zone below the current price at 23.45, a stop order could be placed below this zone.