10 Technical Levels Discussed On Monday's PreMarket Prep

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The following stocks and technicals were mentioned on Friday's edition of PreMarket Prep, a daily trading ideas show hosted by former floor trader Joel Elconin and prop trader Dennis Dick.

You can listen to the show live every day from 8-9 a.m. ET here, or catch the podcast on iTunes, Soundcloud, and Stitcher.

  • General Electric Company GE is having a big volume day and ratings war with one upgrade and a pair of downgrades. Can it clear the close from the day before earnings of $23.83? That's a big level.
  • Hasbro, Inc. HAS is right at the pre-market low, and also has a low from Sept. 8 of $91.57.
  • Seagate Technology PLC STX has air up to a gap fill at $39.23. There's also a July 24 high of $40.13.
  • International Business Machines Corp IBM $162.64 was the high on April 19.
  • VF Corp VFC had a high of $70.35 back in Nov. 2015.
  • Macy’s Inc M had a Friday high of $21.23. There's also a pair of highs at $21.27 and $21.72. Above that the next resistance is at $22.40.
  • L Brands Inc LB $44 is huge. It had many highs in July and October, and a Friday high of $43.94.
  • T-Mobile US Inc TMUS has had the same ranges the last two days, with $62 serving as resistance and $60.30 serving as support.
  • Abbot Laboratories ABT has a triple bottom at the $54.50 area.
  • Celgene Corporation CELG also has a triple bottom at the $119.15 area.
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