Advanced Micro Devices Stock Rising After BNP Paribas Upgrade

Advanced Micro Devices stock is rising after it was upgraded by analysts at BNP Paribas from a Neutral rating to an Outperform rating on Thursday, October 12, 2017.

Memory prices have increased and most analysts expect memory prices to remain high well into 2018. Despite increased demand for memory, neither Micron nor its competitors have moved to increase capacity.
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Delta Air Lines Beats on Q3 Earnings, Gets Analyst Upgrades

Delta Air Lines reported Q3 earnings of $1.57 versus the $1.53 estimate. Revenue also beat coming in at $11.06 billion versus the $11.03 billion estimate.
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Costco Stock Price Ready To Move Higher on 200 Day MA Break

Costco stock price looks ready to move higher after a pocket pivot formed on today’s chart.

For the year ending September 3, 2017, Costco reported EPS of $5.89 which beat analysts’ estimates of $5.77 per share. Revenue also beat coming in at $129 billion, up almost 9% year over year, versus the estimated $128.5 billion.
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Moving Averages and High Low Index Signals

Key moving averages and the high low index of the S&P 500 is signaling patience for those of us who are sitting back in cash.

The S&P 500 High Low Index is in a free fall which suggests that it’s too early to go long a stock for a V bottom bounce:

The NYSE percent of stocks above the 200 day moving average is also still in a free fall:

The NYSE percent of stocks above the 50 day moving average doesn’t look much better:

At least the NYSE percent of stock above the 50 day moving average is showing signs of consolidation rather than a free fall.

Ideally you should be in cash right now and looking for a swing long entry. Do not be quick with the buy button. You want further evidence of consolidation or a basing pattern before taking that swing long entry.

Insider Buying In Spark Energy

Spark Energy has had heavy insider buying over the last few weeks. The Director Maxwell W Keith III bought $273,564 worth of stock on November 23, 2016. Two days earlier, on November 21, 2016, Vice President and General Counsel Melman Gil bought $14,922 worth of stock.

Spark Energy operates as an independent retail energy services company in the US. It operates through two segments, Retail Natural Gas, and Retail Electricity. The company is involved in the retail distribution of natural gas and electricity to residential, commercial, and industrial customers. As of December 31, 2015, it operated in 66 utility service territories across 16 states and had approximately 328,000 residential customers and 19,000 commercial customers. Description from Finviz.

Spark Energy Stock Chart

Comments: Lots of resistance above the current price. There is 200-day moving average resistance at $26.86 and then 150-day moving average resistance at $28.25. The Twiggs Money Flow is below the 0% line which suggests weakness in the stock.

The stock trades at an excellent forward P/E ratio of 9.7 and has fantastic quarterly revenue growth of 73.2% YoY.

Disclosure: I do not have any position in SPKE.

Stocks With Bullish Money Flow 11-23-16

Stocks that have a positive divergence between the Twiggs Money Flow and price. Today’s stocks include DAR, GME, MMS, OPHT, PEIX.

Darling Ingredients Stock Chart

Comments: BlackRock, EMINENCE CAPITAL, and SOUTHERNSUN ASSET MANAGEMENT have been accumulators of DAR during 2016. Solid valuation at P/E 16.4, and forward P/E 19.6. Huge buy side volume on 11/23/16, more than 500% higher volume than the average volume.

GameStop Stock Chart

Comments: Awesome valuation P/E 6.8, forward P/E 6.7. Lower taxes and an increase in consumer discretionary income will result in better demand for video games. Still, I like this for a short term swing trade to 200-day MA resistance at $28.44.

MAXIMUS Stock Chart

Comments: Wall Street is expecting 54% YoY EPS growth for Maximus. Maximus has cleared all its moving average resistance levels. My concern with this stock would be its exposure to the Affordable Care Act and how much changes from a Trump Administration would impact earnings and profits.

Ophthotech Corporation Stock Chart

Comments: Rising Twiggs Money Flow but still below 0% line. Somebody is buying this biotech stock.

Pacific Ethanol Stock Chart

Comments: Boom! Beautiful revenue growth over the last four years.

Disclosure: I do not have any positions in any stocks mentioned.

Stocks With Bullish Money Flow 11-21-16

The stocks below have formed a bullish divergence between the Twiggs Money Flow and price on November 21, 2016.

Aceto Corp Stock Chart

Comments: Coming up to horizontal resistance (red line). Breakout of horizontal resistance will take the stock to $21.50, a quick cha-ching play.

CVR Partners Stock Chart

Comments: Broke above 50-day moving average but formed doji on 11/21/16, not a convincing break. If we have another up day, and the Twiggs Money Flow goes positive above the 0% line, $6 is next target, then $6.80. Nice to see Insider CEO and President Mark Pytosh buying on November 4, 2016, at $4.20.

iPath Bloomberg Livestock SubTR ETN Stock Chart

Comments: I don’t have a clue why cows are flying over the moon. Maybe it just got too cheap, and some are expecting food inflation down the road. I have no idea but money flow looks awesome.

ZAGG Inc Stock Chart

Comments: Up against the 200-day moving average (red line) at 7.36. If it breaks above 200-day moving average, next resistance is $8.20 area (red horizontal line). Forward P/E is 12.72. Excellent quarterly revenue growth of 86% YoY. Sales in 2015 were $269.3 million. Sales in 2016 are forecast to come in at $365.6 million, awesome!

Disclosure: I do not hold any positions in any of the stocks mentioned above.

Great Panther Silver Exploding Twiggs Money Flow

Holy Miss Moly! Great Panther Silver ripped higher today on heavy volume at 1.62 million shares. The Twiggs Money Flow has exploded higher.

Great Panther Silver broke above its 50-day moving average today and all its speed lines. The next resistance is the 150-day moving average at $1.42. If we get a break above $1.42 tomorrow, we’re going to $1.50, and if $1.50 is broke, it’s all the way back up to $1.60.

Zacks is pumping GPL hard on Yahoo Finance with this article on October 19, 2016 entitled Why Great Panther Could Shock the Market Soon. Zacks hit the pump hard again today, October 25, 2016, with this article entitled 5 Top-Ranked Stocks with Rising P/E for Blowout Gains.

The short interest in GPL is starting to unwind. Previous short interest was 2,847,000 shares. The most recent short interest is 2,688,300 or a -6% decrease in the short interest in GPL. Only 1.64% of the float is short with days to cover of 2.8. While I’m not suggesting a big upward move from a short squeeze, more short sellers are covering their positions in the $1.40 area than are taking new short positions.

GPL is set to announce earnings on November 2, 2016. We will have to see if GPL runs up ahead of earnings.

Disclosure: I will be taking a long position in GPL at market open on October 26, 2016.

Ryerson Holding Corporation Massive Twiggs Money Flow Divergence

A massive divergence has formed on the chart of Ryerson Holding Corporation. We have three months of a down trending stock while the Twiggs Money Flow has been uptrending.

We also have recent insider buying.

This stock is looking good as we wait for a pop. Resistance is at the 50 day moving average line at $11.05. If we get a break above the 50 day moving average, I think we run to the 150 day moving average at $11.80.

Disclosure: I do not hold any position in Ryerson Holding Corporation.