Market Overview

PreMarket Prep Recap, March 24: Breaking Down The Shoe Trade

Share:
PreMarket Prep Recap, March 24: Breaking Down The Shoe Trade

Did you miss today's PreMarket Prep? Here are some of the highlights from the show.

Key Technical Levels

The following are some of the stocks discussed on the show for which co-host Joel Elconin offered technical levels.

  • Micron Technology, Inc. (NASDAQ: MU) is at a big psychological level of $30. The pre-market high of $30.19 looks to be good resistance, as the stock is at its highest point in over two years.
  • Western Digital Corp (NASDAQ: WDC)'s recent high of the move came the day following its Q4 beat on January 27, when it reached $81.67. Beyond that, its October 19, 2015 high at $82.73 looks to be good resistance.
  • Finish Line Inc (NASDAQ: FINL) has good support at the double bottom from August 25-26, 2010 at $12.68 and $12.65. If it can hold $13.00 it may have a chance to recoup some its losses.

Scott Rosen, CEO of Visible Alpha, discussed the evolution of sell-side research, and how his company is making sell-side research easier to consume. Listen to the full interview with Rosen here.

Jonathan Corpina, senior managing partner at Meridian Equity Partners, talked about how he thinks political uncertainty will cause participation in the market will dip, as well as why he thinks Snap Inc (NYSE: SNAP)'s IPO will give the market confidence. Listen to the full interview with Corpina here.

Kenny Glick, owner and creator of HittheBid.com, joined the show to discuss his recent trading in Snap, Viewray Inc (NASDAQ: VRAY), and ProShares Trust Ultra VIX Short Term Futures ETF (NYSE: UVXY). Listen to the full interview with Glick here.

How To Listen And Watch

PreMarket Prep is a daily trading ideas show with a focus on premarket volatility and technical setups. You can listen live and chat with our hosts, guests, and listeners every morning from 8-9 a.m. ET here or on YouTube Live. You can listen to the podcast on iTunes, Soundcloud and Sticher. The full recording of today's show is available below.

Posted-In: PreMarket PrepPsychology Markets Trading Ideas Interview General Best of Benzinga

 

Related Articles (FINL + MU)

View Comments and Join the Discussion!