7 Technical Levels Discussed On Friday's PreMarket Prep

The following stocks and technicals were mentioned on Friday'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.

  • General Electric Company GE as of 9:10 a.m., there's a buyer lurking at the $21.50 area. There's no good level on the chart, since the next major daily was from the August 24, 2015 flash crash at $19.37.
  • Proctor & Gamble Co PG has a pre-market low $90, which coincides with the Oct. 10 low at $89.86. Under that there's air until the July 27 low at $89.
  • PayPal Holdings Inc PYPL has a pre-market seller at the $72 area, with a high of $72.09.
  • National Beverage Corp FIZZ is a falling knife. There are a ton of lows in June in the $91.50-$93 area.
  • Lululemon Athletica inc LULU $61.90 is the Oct. 13 high. There's air up to $63.27 after that, and super long-term resistance at $64.
  • Lennar Corporation LEN rather than attempting to buy on a pullback to the $57 area, there's no good reference point to short.
  • Sketchers USA Inc SKX has a June 2016 high of $32.71, and a pre-market high of $31.20. There's relentless buying ahead of the open.

Watch the full show below.

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Posted In: TechnicalsPre-Market OutlookMarketsTrading IdeasGeneralPreMarket Prep
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