Market Overview

11 Technical Levels Discussed On Thursday's PreMarket Prep

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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.

  • 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.

Posted-In: PreMarket PrepTechnicals Previews Pre-Market Outlook Trading Ideas

 

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