The following stocks and technicals were mentioned on Thursday'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.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- DryShips Inc. (NASDAQ:DRYS) - the only relevant number is Wednesday's close of $5.
- Twitter Inc (NYSE:TWTR) - $19.27 is a big number. It fills the gap from July 26, which is when buyout rumor talks broke down.
- Celgene Corporation (NASDAQ:CELG) - $100 is psychological support. It has multiple lows from late June/early July in the $96-$98 range.
- Ford Motor Company (NYSE:F)- huge resistance at $12.40, and there are likely more sellers at $12.50.
- Buffalo Wild Wings (NASDAQ:BWLD) - $125.50 is the pre-market high, and it fills the gap at $120.80 .
- Comcast Corporation (NASDAQ:CMCSA) - $37.25 is the pre-market high, $37.20 fills a gap from Oct. 11.
- American Airlines Group Inc (NASDAQ:AAL) - looks like it has a big buyer at $52 and a big seller at $52.10.
- Bristol-Myers Squibb Co (NYSE:BMY) - has support at a series of lows at $62.20, old support is new resistance at $63.50.
- Kraft Heinz Co (NASDAQ:KHC) - is trying to clear a double top at $77.42, with another high at $77.46 which is resistance for now.
- United Parcel Service, Inc (NYSE:UPS) - has a triple top at the $120.40 area, and a triple bottom at $117.40 from mid-August.
- Microsoft Corporation (NASDAQ:MSFT) - has a trio of highs from $79.10-$79.34.