Market Overview

PreMarket Prep Recap For March 7


Missed this morning's PreMarket Prep? Don't worry about it. Here were the key technical levels outlined by hosts Joel Elconin and Dennis Dick. 

You can catch the show live every morning, as well as participate with our hosts, guests, and other listeners here. You can also find the podcast on iTunes, Soundcloud, and Stitcher

Snap Inc (NYSE: SNAP)

Keep an eye on $24.77, the closing price on the first day. If it can't get back to there, that'll be new resistance. 

Watch out for resistance under $8. GoPro got the double downgrade from analysts on Monday, with Goldman Sachs and Citi both firms giving the stock Sell ratings. 
Valeant Pharmaceuticals Intl Inc (NYSE: VRX)

Old support is now major resistance. It hung to $13 for so long, but took it out Monday. Now the stock is at a six-year low.

Dicks Sporting Goods Inc (NYSE: DKS)

On the upside, $59.89 looks to be major resistance.
Michaels Companies Inc (NASDAQ: MIK)

$22.25 is resistance. That was Tuesday's premarket high, which coincides with the January 20th high. 
DISH Network Corp (NASDAQ: DISH)

The stock recently hit $64.74, which represents a 52-week high. That's a big resistance level. 

Shake Shack Inc (NYSE: SHAK)
Shake Shack will have to hold $30, which is the all-time low. There looks to be support at $30.90. 

Posted-In: Technicals Pre-Market Outlook Trading Ideas Reviews


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