The following stocks and technicals were mentioned on Tuesday's edition of PreMarket Prep, a daily trading ideas show hosted by Technical Analyst 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.
Riot Blockchain Inc RIOT - The Jan. 2015 high of $15.72 is the only resistance it has.
General Electric CompanyGE -The low of the move is a double bottom at $17.46 and $17.50. That’s support.
Overstock.com Inc OSTK - The February 2005 high was $58.24, which is the only relevant resistance up here. On weakness, keep an eye on the all-time closing high of $56.65 made on Monday.
Advance Auto Parts, Inc.AAP - Is trying to fill the gap from earnings between $82.82 and $94.75.
Tesla Motors IncTSLA - It needs to clear Friday’s close of $315.05 and Monday’s high of $315.50 to find support.
Urban Outfitters, Inc.URBN - There was a double close at $27.90 from Friday and $28.27 from Monday, so that’s resistance.
DSW Inc.DSW -The premarket low was $18.40. There are also four daily lows at the $18.40 area from early November, and the low of the move is $17.89.
Signet Jewelers Ltd. SIG - the premarket low was $61.50, which was the low of the move. There’s daily lows at the $61 area from mid-August, and another pair of lows at $60. Below that, there’s a gap area down to $52.95.
Lowe’s Companies, Inc. LOW- The Friday low was $79.17, and a pair of lows from Wednesday and Thursday at $78.27 and $78.23.
Campbell Soup Company CPB - The buy zone is between $45-$46. The low of the move was $44.99, flanked by the $45.14 low the following day.
Dollar Tree, Inc. DLTR - $99.93 and a big psychological number at $100.
Burlington Stores IncBURL - The Monday low was $104.55. The all-time high and all-time closing high are $106.55 and $106.89, respectively.
Exxon Mobil CorporationXOM - Big triple bottom at $80.
Watch the full show below!
PreMarket Prep is 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 on YouTube Live. The podcast is available on iTunes, Soundcloud, and Stitcher.