Each day we write a few articles covering stocks making key technical developments.

Profit taking in airlines (NYSE:DAL)

by Josh Articles

Airlines are leading todays pullback, with half of the airlines down at least 2.07%. Airlines stock lifted off back in September and have been the market leader since September.

With most airlines extended above the 200 day moving average we’re seeing profit taking in the airliners today.

Delta Air Lines ($DAL) is reversing today, last at $27.99 on a volume of 12,754,000 shares. Over the past 52 weeks DAL has traded from a low of $9.50 to a high of $29.44. Share are finding intra day support at the 21 day simple moving average, currently at $27.97.

52 Week Range $9.50-$29.44
Market Cap 23,953,573,660
Average Volume 13,166,044
Dividend Yield 0.83%
Institutional Ownership 95.10%
Insider Ownership: 0.70%
Percentage of Float Short 3.20%
Beta 1.48

Delta Air Lines, Inc. operates as an airline, providing scheduled air transportation for passengers and cargo throughout the United States and around the world.

Bullish move on Agrium Inc. (NYSE:AGU)

by Josh Articles

Agrium Inc. ($AGU) is crossing above the 200 day moving average today. AGU was last at $91.13 on a volume of 268,292 shares. Shares found short term support off of the 20 day during trading in the prior shortened trading week.

Technical traders view the 200 day as long term support or resistance. Stocks trading above the 200 day are deemed to be in a bullish uptrend. In addition to the 200 day, AGU is testing prior resistance at the top of the coil pattern shares have been forming this summer.

52 Week Range $77.19-$115.31
Market Cap 13,209,982,746
Average Volume 1,063,665
Dividend Yield 3.33%
Institutional Ownership 71.10%
Insider Ownership: 0.00%
Percentage of Float Short 1.30%
Beta 1.43

Agrium Inc. Agrium Inc is a retail supplier of agricultural products and services in North and South America and producer and marketer of agricultural nutrients and industrial products. The Company produces nitrogen, phosphate and potash.

Did somebody say McDonald’s? (NYSE:MCD)

by Josh Articles

McDonald’s Corp ($MCD) gapped up above prior resistance and is continuing to trade higher today. McDonald’s Corp is up 0.91% at $99.16 on a volume of 3,631,140 shares. McDonald’s Corp continues to trade along the upper edge of the price envelope.

Shares have been sitting on the 200 day moving average, currently at $98.01 before gapping up to open at $98.75 today. Shares have been in a descending channel since April and appear to be breaking out from that channel today.

52 Week Range $85.69-$103.70
Market Cap 98,657,240,761
Average Volume 4,987,261
Dividend Yield 3.30%
Institutional Ownership 67.20%
Insider Ownership: 0.10%
Percentage of Float Short 1.30%
Beta 0.38

McDonalds Corp is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

McDonalds Corp McDonald’s Corporation franchises and operates McDonald’s restaurants in the food service industry. The Company and its franchisees purchase food, packaging, equipment and other goods from numerous independent suppliers.

Wells Fargo: Looking to print a new 52 high (NYSE:WFC)

by Josh Articles

Wells Fargo & Co. ($WFC) is continuing the move to the upside. Wells Fargo & Co. is up 0.38% at $44.24 on a volume of 5,820,320 shares. Wells Fargo & Co. has been trading higher the past week alongside it’s peers in the financial sector.

On the technical front, Wells Fargo is resolving a nice three month symmetrical triangle (coil) pattern to the upside. The 52 week high is sitting at $44.79 set back in July. Shares look poised to test that price level in the coming trading sessions.

52 Week Range $32.12-$44.79
Market Cap 233,073,856,833
Average Volume 18,350,101
Dividend Yield 2.72%
Institutional Ownership 82.70%
Insider Ownership: 0.10%
Percentage of Float Short 0.60%
Beta 1.84

Wells Fargo & Co. is above the 50 day moving average and above the 200 day moving average. These are bullish indicators.

Wells Fargo & Co. Wells Fargo & Co is a diversified financial services company. It provides retail, corporate and commercial banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions.

A look at the Uptrend in Honeywell International Inc.

by DAN Articles

Honeywell International Inc. ($HON) averages are at $86.74 (21 day SMA), $85.08 (50 day SMA), $78.60 (200 day SMA). Over the past 52 weeks HON has traded from a low of $59.85 to a high of $89.52. HON was last at $87.40 on a volume of 1,269,430. Average daily volume has been at 2,598,411.

52 Week Range $59.85-$89.52
Market Cap 68,439,155,859
Average Volume 2,598,411
Dividend Yield 2.05%
Institutional Ownership 84.00%
Insider Ownership: 0.20%
Percentage of Float Short 0.80%
Beta 1.23

Honeywell International has been trending higher along with the aerospace/defense sector and the industrials. The stock continues to print a series of higher lows, with current support down at $48. The stock is just $1.50 above that level now. Those who are looking for a low-risk entry on this strong stock might want to look at pullbacks to $48. If history repeats itself (and it usually does), this is where buyers will step in.

Honeywell International, Inc. is a technology & manufacturing company, which serves customers with aerospace products & services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, chemicals.

A look at Wynn Resorts Ltd — Losing Bullish Bet?

by DAN Articles

Wynn Resorts Ltd ($WYNN) averages are at $163.36 (21 day SMA), $158.83 (50 day SMA), $134.80 (200 day SMA). Over the past 52 weeks WYNN has traded from a low of $105.57 to a high of $173.38. WYNN was last at $158.12 on a volume of 661,639. Average daily volume has been at 1,231,848.

52 Week Range $105.57-$173.38
Market Cap 16,021,988,601
Average Volume 1,231,848
Dividend Yield 2.51%
Institutional Ownership 80.30%
Insider Ownership: 17.00%
Percentage of Float Short 5.20%
Beta 2.49

WYNN has been in an uptrend since July, trending in a series of higher highs and higher lows. The stock has been solidly above the 50-day moving average and walking along the steeper 20-day moving average. But over the past few weeks, WYNN has broken support and fallen to the 50-day moving average — something that hasn’t happened since June. After an unremarkable rally, the stock has fallen below the 50-day moving average.

Technical traders should watch the $162 level — the current reading of the 50-day moving average. Any retracement to that level just might provide a good shorting opportunity.

Wynn Resorts, Ltd is a developer, owner and operator of destination casino resorts. It owns and operates two destination casino resorts namely Wynn Las Vegas and Encore at Wynn Macau.

Breaking the 50 day: WABCO Holdings (NYSE:WBC)

by Josh Articles

WABCO Holdings ($WBC) is starting to come out of consolidation to the downside. WABCO is currently down -1.60% at $84.48 on volume of 444,802 shares. Shares are breaking down below the 50 day moving average today which is sitting at $85.51.

Shares are in an ascending wedge pattern which is classified as a bearish reversal patterns by technicians. Traders will look for a continued breakdown for confirmation of the pattern’s resolution.

52 Week Range $58.75-$89.19
Market Cap 5,251,138,594
Average Volume 414,425
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 0.60%
Percentage of Float Short 0.40%
Beta 2.01

WABCO Holdings Wabco Holdings Incorporated is a provider of electronic, mechanical and mechatronic products for the commercial truck, trailer, bus and passenger car manufacturers. It also provides advanced braking, stability, suspension and air compressing systems.

A look at Lowes Cos (LOW).– — How Low Can LOW Go?

by DAN Articles

Lowes Cos. ($LOW) averages are at $49.80 (21 day SMA), $48.49 (50 day SMA), $42.79 (200 day SMA). Over the past 52 weeks LOW has traded from a low of $33.73 to a high of $52.08. LOW was last at $50.93 on a volume of 7,359,310. Average daily volume has been at 7,089,169.

52 Week Range $33.73-$52.08
Market Cap 53,525,514,322
Average Volume 7,089,169
Dividend Yield 1.39%
Institutional Ownership 80.70%
Insider Ownership: 0.30%
Percentage of Float Short 2.20%
Beta 1.25

Lowe’s Companies (LOW) has been in a very steady uptrend since late-2012 and has doubled in price. The steady source of support for pullbacks in this strong stock has been the 50-day moving average. Each time LOW has fallen to that level, buying interest has stopped the fall and pushed the stock to new highs. Currently, LOW is just $2 above that key moving average. Those who have been looking for an entry point may want to watch the 50-day moving average — currently at $48.68. Any bounce off that level would be a buy signal.

Lowe’s Companies Inc., is a home improvement retailer, which serves homeowners, renters and Commercial Business Customers.

A look at Peabody Energy Corp.(BTU) — Pending Golden Cross

by DAN Articles

Peabody Energy Corp. ($BTU) averages are at $19.75 (21 day SMA), $18.62 (50 day SMA), $18.87 (200 day SMA). Over the past 52 weeks BTU has traded from a low of $14.34 to a high of $28.75. BTU was last at $19.34 on a volume of 6,168,840. Average daily volume has been at 6,248,384.

52 Week Range $14.34-$28.75
Market Cap 5,223,931,509
Average Volume 6,248,384
Dividend Yield 1.69%
Institutional Ownership 87.20%
Insider Ownership: 0.40%
Percentage of Float Short 6.90%
Beta 1.36

Peabody Energy (BTU) has been trending higher since it’s low of around $15 last June. The stock has been printing a series of higher highs and lows, and this new uptrend is now about to drag the 50-day moving average above the 200-day moving average. This is a “golden cross” event and is seen by traders as a confirmation of the uptrend.

Technical traders might watch this event and look for support at the crossover level, which is projected to be around $19.00.
Peabody Energy Corporation is involved in mining. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers.

New 52 week high for Bank of America (NYSE:BAC)

by Josh Articles

Bank of America Corp. ($BAC) shares are hitting a new 52 week high today. Bank of America Corp. is up 1.47% at $15.15 on a volume of 73,924,000 shares. Shares have traded in a range from $9.32 to $15.03, breaking above the range today.

Shares broke above defined support last Thursday resolving the coil formed this fall. Shares are trading along the upper edge of the price envelope.

52 Week Range $9.32-$15.03
Market Cap 161,378,606,558
Average Volume 89,354,863
Dividend Yield 0.27%
Institutional Ownership 63.10%
Insider Ownership: 0.10%
Percentage of Float Short 1.20%
Beta 2.74

Bank of America Corp. is above the 50 day moving average and above the 200 day moving average. These are both bullish indicators.

Bank of America Corp. Bank of America Corporation is a bank holding and a financial holding company, which through its subsidiaries, provides banking and nonbanking financial services and products throughout the United States and in selected international markets.

Coal: Leading the price action today (NYSE:ANR)

by Josh Articles

Coal is leading the price action in today’s market, with coal producers up an average of 2.7%.

The Market Vectors coal ETF ($KOL) is consolidating right below the 200 day moving average as shown in the chart below.

Alpha Natural Resources Inc. ($ANR) was last at $8.06, up 4.39% on a volume of 4,980,060 shares. Shares broke out of a symmetrical triangle (coil) in October had have formed a flag pattern here in November. Today’s price action looks like the flag pattern may be resolving with technical traders looking for a measure move to complete the pattern.

52 Week Range $4.78-$10.74
Market Cap 1,778,690,000
Average Volume 11,269,100
Dividend Yield 0.00%
Institutional Ownership 81.00%
Insider Ownership: 2.70%
Percentage of Float Short 24.50%
Beta 1.64

Alpha Natural Resources Inc. is a supplier and exporter of metallurgical coal for use in the steel-making process and a major supplier of thermal coal to electric utilities and manufacturing industries across the country.

A look at Public Storage (PSA) – Store it in your portfolio

by DAN Articles

Public Storage ($PSA) averages are at $167.61 (21 day SMA), $163.93 (50 day SMA), $156.54 (200 day SMA). Over the past 52 weeks PSA has traded from a low of $138.66 to a high of $176.68. PSA was last at $162.53 on a volume of 343,894. Average daily volume has been at 583,781.

52 Week Range $138.66-$176.68
Market Cap 27,974,634,001
Average Volume 583,781
Dividend Yield 3.12%
Institutional Ownership 81.10%
Insider Ownership: 0.20%
Percentage of Float Short 1.60%
Beta 1.01

PSA has beewn moving higher for the past several years in a series of higher highs and lows. The 200-day moving average has typically marked the best time to buy the stock. After declining 10%, PSA has bounced off that key moving average. Bulls should find this an opportune time to buy the stock within a well-defined channel.

Public Storage is engaged in the acquisition, development, ownership and operation of self-storage facilities which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use.

Island Reversal on YuMe (NYSE:YUME)

by Josh Articles

YuMe Inc ($YUME) is trading up 28.35% at $8.21 on a volume of 855,012 shares. That’s already 3.47 times the normal daily volume of 174,432 here shortly before the noon hour. Shares are up on earnings. Shares started the week down on large gap lower as Tremor Video’s ($TRMR) numbers disappointed.

Shares have now gapped back up to last week’s trading range forming a pattern known as an Island Reversal.

52 Week Range $5.86-$12.08
Market Cap 264,831,351
Average Volume 174,432
Dividend Yield 0.00%
Institutional Ownership 9.80%
Insider Ownership: 0.00%
Percentage of Float Short 0.90%
Beta 0.16

YuMe Inc, through its proprietary technology, provides digital video brand advertising solutions.

Key technicals on Petrobras (NYSE:PBR)

by Josh Articles

Shares of Petrobras ($PBR) are seeing the 50 day moving average crossing above the 200 day moving average. Technical traders term this a ‘golden cross’ and it’s a bullish signal. Petrobras is trading up, last at $16.39 (+.35, 2.2%) with the 50 day at at $15.94 and the 200 day moving average at $15.89.

Shares are finding support this morning at the 200 day moving average after gapping above the key moving average after earnings. Shares have now filled that gap, and are thus far showing prior resistance (the 200 day moving average) to be current support.

52 Week Range $12.03-$20.63
Market Cap 106,932,263,584
Average Volume 15,888,188
Dividend Yield 1.07%
Institutional Ownership 8.20%
Insider Ownership: 0.00%
Percentage of Float Short 0.40%
Beta 1.31

Petrobras Petroleo Brasileiro SA Petrobras operates as an integrated oil & gas company in Brazil. Its business is structured into segments such as Exploration & Production; Refining, Transportation & Marketing; Distribution; Gas & Power; Biofuel; & International.

A look at Sarepta Therapeutics Inc. — A Falling Knife

by DAN Articles

Sarepta Therapeutics Inc. ($SRPT) averages are at $40.81 (21 day SMA), $42.02 (50 day SMA), $36.57 (200 day SMA). Over the past 52 weeks SRPT has traded from a low of $23.46 to a high of $55.61. SRPT was last at $14.21 on a volume of 24,264,900. Average daily volume has been at 2,037,167.

52 Week Range $23.46-$55.61
Market Cap 470,731,435
Average Volume 2,037,167
Dividend Yield 0.00%
Institutional Ownership 77.90%
Insider Ownership: 9.30%
Percentage of Float Short 31.30%
Beta 1.00

Sarepta Therapeutics (SRPT) is down more than 60% today on news that the FDA has concerns about the trial results for an experimental muscular dystrophy drug. The stock is far below the 3rd standard deviation from the 20-day moving average. Technical traders may start looking for a bounce from these levels. However, the pipeline for SRPT is essentially empty, so any bounce is likely to be short lived. Currently, SRPT is a falling knife.

Sarepta Therapeutics Inc discovers and develops RNA-based therapeutics for the treatment of rare and infectious diseases. Its lead product candidate is eteplirsen.