8 Technical Levels From Wednesday's PreMarket Prep

The following stocks and technicals were mentioned on Wednesday'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.

  • Chipotle Mexican Grill, Inc. CMG - $266.02 is the Jan. 2013 low; there's long-term resistance at $295-$300; the pre-market low was $285.50.
  • Advanced Micro Devices, Inc AMD has a series of lows from late September and major support at the $12 area from mid-August.
  • AT&T Inc T - $34 is a big whole number. $33.91 was the pre-market low, and $33.41 was the Jan. 2016 low.
  • Boeing Co BA hit a three-day low of $259.44, but it filled the gap from yesterday. It needs to reach $263.24.
  • Walgreens Boots Alliance Co WBA hit an Oct. 10 high of $70.99; there's air up to $73.37 and the Oct. 9 of $73.37.
  • Visa Inc V breached the all-time high in the premarket, which was $109.26. $110 is a psychological level.
  • International Paper Co IP - watch for a breakout out over the $59-$60 highs from late 1999.
  • iRobot Corporation IRBT - it needs to clear $83 for more upside; the Sept. 20 high was $83.21.
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Posted In: TechnicalsPre-Market OutlookTrading IdeasPreMarket Prep
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