Trade Ideas for Friday, 13 July 2018: 

NOTE:    Earnings season begins on Friday, 13 July when C, JPM, PNC and WFC report Earnings. Watch the market reaction to their results.

 

Trade Ideas for Friday, 13 July 2018:

BOOT, CARS, CHKP, COST, CRUS, EEP, FAST, MYGN, NKE, SYK, ZGNX

CHKP

Not much Resistance until $200 on the weekly chart, but extended on the daily. Needs a pullback or consolidation, but watch the gap above for a quick move up.

FAST

Doing a 45° runner after gap up on Earnings. Target is $58. Long via 17 Aug $52.50 Calls.

MYGN

Another 45° runner on analyst upgrade. Great Balance of Power (BoP) and nice consolidation today (12 July). First Target is $46.25. Long via 17 Aug $39 Calls.

COST

Costco “jumped the creek” after reporting monthly sales data. Fibonacci projection on the weekly is to the $250 area. Long Jan ’20 $150 Calls for some time now. ♥

 

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