Alibaba Group Holding Limited (NYSE:BABA) sprang to life with a buy signal today (5/21). After being in a prolonged sideways movement for the past 3.5 months, Alibaba gave a major trend change buy signal today with a green monthly Trade Triangle kicking in at $91.88.
A Fibonacci retracement of this stock would take it back to between $100.21 and $104.88. You would use this as your initial target zone.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Now, before you get all up in arms and say, "how can you even think about supporting a middle eastern terrorist group?!", let me explain. First of all, I'm not talking about ISIS the Islamic state now known as IS, I will be discussing and analyzing the stock of Isis Pharmaceuticals, Inc. (NASDAQ:ISIS). It is just unfortunate that they happen to have the same name.
Yesterday, there was a major trend change signal in ISIS Pharmaceuticals. This signal indicated that the trend had reversed to the upside and a long position was now warranted. Technically, the stock looks very good and capable of moving another 10% to 15% higher from current levels.
To learn more about how you can take advantage of the situation in the stock of of Isis Pharmaceuticals, Inc. (NASDAQ:ISIS), check out today's video.
Isis Pharmaceuticals, Inc. (NASDAQ:ISIS) is engaged in the discovery and development of antisense drugs using novel drug discovery platform. The company's flagship product includes the KYNAMRO injection, which is an apo-B synthesis inhibitor for patients with homozygous familial hypercholesterolemia; and for the reduction of low-density lipoprotein cholesterol. It also has a pipeline of 31 drugs in development for the treatment of various diseases, including cardiovascular and metabolic diseases; severe and rare diseases, including neurological disorders; and cancer. Isis Pharmaceuticals, Inc. (NASDAQ:ISIS) was founded in 1989 and is headquartered in Carlsbad, California.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
It has been some time since I did a review of Yahoo! Inc. (NASDAQ:YHOO). I'm doing one today because a new monthly Trade Triangle kicked in at $37.16 and could be indicating the end of the 4 1/2 month stalemate in this stock.
Now, I'm not saying that this stock is going to skyrocket to the moon, but I do believe that the bulls have the upper hand and this stock will move higher in the weeks ahead.
It seems like Yahoo! Inc. (NASDAQ:YHOO) has been around forever, but it was first founded by Jerry Yang and David Filo in 1994. There have been quite a few changes to the company since that time. Marissa Mayer, previously from Google, was named president and CEO of Yahoo effective on July 17, 2012.
Yahoo! Inc. (NASDAQ:YHOO) operates as a technology company worldwide. The company offers search products, including Yahoo Search, that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktop. Continue reading "It's Time To Get Your Yahoo On"
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