Don’t Have a Cow!
- Posted by Greg Harmon
- on July 23rd, 2013
So you got all excited about Apple earnings and watched as the stock did a slow grind higher after the report. What do you do now? Well don’t have a cow, man. On second thought it may be time for a cow. At least for a $COW ETF, the Livestock ETF. The chart below shows a large Cup and Handle developing. The target for a break out higher would be a move to 29.45. The Handle is just starting to turn up and the trade would be a safer entry on a move over the 200 day Simple Moving Average (SMA), but using a stop at 26.60 works here. The Relative Strength Index (RSI) has remained in bullish territory throughout this minor pullback and the Moving Average Convergence Divergence indicator (MACD) is improving towards a positive cross. So I guess Bart Simpson had it all wrong. Do have a cow man!
Join the Dragonfly Capital Views Premium Membership
Want to learn more about Dragonfly Capital Views?
Dragonfly Capital Views Performance Through July 2013 Expiry and sign up here.
If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus
Gregory W. Harmon CMT, CFA, has traded in the Securities markets since 1986. He has held senior positions including Head of Global Trading, Head of Product Development, Head of Strategy and Director of Equity. (More)
- SPY Trends and Influencers October 10, 2015
- Macro Week in Review/Preview October 9, 2015
- How This Week’s Top 10 Performed – October 9, 2015
- Opening a box of QQQ’s
- Is Estee Lauder stock reversal just putting lipstick on a pig?
- Premium Earnings 10-8-15
- The S&P 500 is talking, are you listening?
- Is Sinclair the next media stock darling?
- Premium Earnings 10-7-15
- Technically speaking, the move in Oil could be a gusher