Day Trading News
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55 min ago | SchaeffersResearch.com
Piper Jaffray started coverage on UA with an "overweight" opinion, rewarding the stock for its 76.4% annual return. Taking a closer look at the charts, shares of the apparel brand took a bounce off their 50-day moving average yesterday to settle at $67.75, potentially setting them up for additional gains.
5 hrs ago | SchaeffersResearch.com
I often mention that I use the CBOE Volatility Index closing greater than 20% above its 10-day simple moving average as a trigger point. I also use it as a proxy for declaring VIX overbought, which is bearish for volatility and bullish for the market on the theory that VIX tends to mean revert.
The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 trading days. Names highlighted are new to the list since the last time the study was run, and data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White.
Delta on the front-month call -- which expires at this Friday's close -- is docked at 0.91, versus negative 0.17 for the front-month put. Meanwhile, delta on the back-month call, which expires at the close on Friday, Oct. 17, is 0.74, compared to negative 0.27 for the back-month put.
The Dow Jones Industrial Average touched a fresh record peak of 17,167.05 on surging oil and commodity prices, as well as speculation that China's central bank will likely increase stimulus efforts following a recent raft of disappointing economic data . Also helping the Dow was a webcast on The Wall Street Journal 's website, during which chief economics correspondent Jon Hilsenrath said he believes the Federal Reserve will maintain dovish language in its highly anticipated policy statement, due out tomorrow afternoon.
The major average have all turned positive, with the Nasdaq and the S&P 500 bouncing off their worst levels in almost a month. Recently, the major averages have seen some further upside, reaching new highs for the session.
Eleven of the 20 brokerage firms following the shares have designated it a "hold," while the equity's average 12-month price target of $47.56 is just a chip-shot away from the current share price of $46.24. Should MSFT sustain its longer-term technical tenacity, additional bullish notes could usher in a fresh wave of buying power.
CTXS saw its price target raised to $80 from $70 at Mizuho Securities, which sports a "buy" opinion of the shares. This bullish note is well deserved, as the security is up nearly 14% in 2014, and has outperformed the broader S&P 500 Index by 12.7 percentage points during the last two months.
In spite of this, nearly a quarter of the equity's float is sold short, representing more than a week's worth of pent-up buying demand, at the average daily pace of trading. Should Tesla Motors Inc resume its upward trajectory, an unwinding of these bearish bets could help fuel the stock's momentum.
CEO John Chen's firm denial of fraudulent activity . Adding to the bullish buzz was an upbeat outlook from CLSA, which initiated coverage of VNET with a "buy" rating and a $39.34 price target.
The six-figure sum represents the seller's maximum potential profit on the transaction, which he'll retain as long as OWW remains in single-digit territory through February 2015 options expiration. On the other hand, if shares of the online travel firm topple the strike, the trader could be assigned, and could face theoretically unlimited losses.
Day trading involves isolating the current trend from market noise and then capitalizing on that trend through well-timed entries and profit taking. These factors play a crucial role in managing potential profit expectations and risk.
The major market indexes spent the session lower, despite a rise in monthly retail sales and consumer confidence. Instead, Wall Street exercised caution ahead of next week's highly anticipated Federal Open Market Committee meeting, with speculation mounting about a possible earlier-than-expected policy shift from the central bank.
Major market indexes snapped their five-week winning streak, pressured lower by a slump in energy names. Additionally, a mixed bag of economic data stoked caution ahead of this week's Federal Open Market Committee policy-setting meeting.
It's been quite a week for Apple Inc. , both on and off the charts. Technically, the shares are on pace to notch a 2.8% weekly gain, while on the fundamental front, AAPL said today it has hit a record number of pre-orders for its newly unveiled iPhone 6 and iPhone 6 Plus .
Updated: Wed Sep 17, 2014 11:49 am
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