Top News Stories November 16 2017

The day’s top news stories from stocks on the GuerillaStockTrading watch list.
Continue reading “Top News Stories November 16 2017”

Flexion Therapeutics Gets 80% Upside Price Target From Wells Fargo

Flexion Therapeutics received a $39 price target by analysts at Wells Fargo & Company which represents 80% upside from the current price. Wells Fargo has a Buy rating on the stock.
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IAC Stock Does Bullish Flag Breakout on Pocket Pivot Signal

IAC stock did a bullish flag breakout on October 27, 2017, with a bullish pocket pivot signal.

IAC stock is a strong seasonal play. Over the next 12 weeks, IAC/InterActive has on average historically risen by 9.6% based on the past 24 years of stock performance. IAC/InterActive has risen higher in 17 of those 24 years over the next 12 week period, corresponding to a historical probability of 70%.
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Tencent Holdings Stock Will Change How You Think About OTC Markets

Tencent Holdings stock, which lists on the OTC market in the U.S., is one of the largest companies in the world with a market cap of over $424 billion. Tencent Holdings is the world’s largest video-game publisher by revenue.

Tencent Holdings is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main divisions: VAS, Online Advertising, and Online Payments and Cloud Services.
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MACOM Technology Solutions Momentum Squeeze On Institutional Buying

The stock of Macom Technology Solutions has set up into a momentum squeeze on institutional traders increasing their long positions. Institutional trader positions have increased by a big 11.75% over the last 3 months.

A few of the more noteworthy Q1 institutional transactions were:

KBC Group NV bought a new position in the company during the first quarter, according to its most recent filing with the SEC. The firm bought 9,211 shares of the semiconductor company’s stock, valued at approximately $445,000. FMR LLC increased its position by 182.8% in the fourth quarter. FMR LLC now owns 818,493 shares of the semiconductor company’s stock valued at $37,880,000. Pinnacle Associates Ltd. acquired a new stake in MACOM Technology Solutions during the first quarter valued at approximately $16,539,000. Wells Fargo & Company MN boosted its stake in the company by 565.9% in the first quarter. Wells Fargo & Company MN now owns 318,562 shares of the semiconductor company’s stock valued at $15,387,000.

MACOM Technology Solutions Stock Chart

The Twiggs Money Flow went bearish on June 14,2017, but now looks like it’s ready to round up as traders accumulate off the 50 SMA line.

MACOM Technology Solutions presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced forming a momentum squeeze.

There is a resistance zone just above the current price starting at 60.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.84, a stop order could be placed below this zone.

GO HERE TO CHART LARGE PLAYERS AND THE TWIGGS MONEY FLOW LIKE THE CHART ABOVE… AWESOME TOOL

Best Bank Stocks To Buy Now That Fed Has Given Green Light For Dividends

On Wednesday, the Fed said banks such as JPMorgan Chase & Co and Bank of America Corp, had passed the second, more demanding part of its yearly stress test. The results demonstrated that many haven’t only built up adequate capital buffers, but improved risk management processes too. Charts of the best bank stocks to buy now are below.

It was the first time in years of annual “stress tests” that each bank assessed by the Fed won approval for its capital strategies.

Fed Governor Jerome Powell, who’s acting as regulatory guide for the U.S. central bank, said the process has inspired all the largest banks to attain good capital levels.

The Fed on Wednesday announced the results of the second round of its yearly stress tests. Those permitted to increase dividends or repurchase shares contain the four largest U.S. banks — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo. These large banks are the best bank stocks to buy now.

Following the results today, numerous banks quickly jumped in with announcements of dividend boosts and share buyback plans.

The second part of this seventh annual check-up tested the banks to decide if their existing plans for paying out capital to shareholders would still let them keep lending if hit by another financial crisis and serious recession.

Banks have a total of approximately $1.2 trillion in capital reserves as of the fourth quarter of this past year, an increase of $750 billion over 2009. They’re expected to pay out to shareholders 100 percent of the net revenue during the next four quarters, compared with 65 percent in the same period last year.

Best Bank Stocks To Buy Now

Bullish Pocket Pivot pattern on June 28, 2017. Feels a little like chasing at this level. I would prefer to wait for a consolidation move before taking a swing long entry.

Powerful breakout move but chasing breakouts is a losers strategy. I would prefer to wait for a pullback at least a consolidation period before taking a long entry.

I like the sideways consolidation pattern in Bank of America. We also had a bullish Pocket Pivot signal on June 28, 2017.

Wells Fargo has major resistance at $55. An entry above this level is prudent. The Twiggs Money Flow is just starting to round up so it has less of a chasing feel to it.

I will keep hunting for the best bank stocks to buy now.

GO HERE TO CHART LARGE PLAYERS AND THE TWIGGS MONEY FLOW LIKE THE CHART ABOVE… AWESOME TOOL

US Banks To Be Decapitated If Brexit

If you are looking for a black swan event that could plunge the weak US economy into a full-blown recession, Brexit could be it.

Big US banks have already taken brutal losses over the last year.

Bank of America has more than $2.1 trillion in assets. Bank of Amerca’s stock has plunged -20% from a year ago.

Citigroup has more than $1.8 trillion in assets. Its stock is down a shocking -23% over the last year.

Wells Fargo’s has more than $1.8 trillion in assets. Its stock has crashed more than -15% over the last 12 months.

Major banks in the U.S. are in trouble as a result of years worth of low-interest rates. The Federal Reserve has been trying its best to raise rates to prop up falling bank profits.

With so many U.S. banks on the edge of the precipice, a Brexit could push them over the edge.

Daboo7 talks about how Deutsche Bank was caught illegally manipulating the price of gold.