8 Technical Levels Highlighted On Monday's PreMarket Prep
The following stocks and technicals were mentioned on Moday'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.
- Advanced Micro Devices, Inc. (NASDAQ: AMD) - $10.57 is the June low. That's a key support level.
- Chipotle Mexican Grill Inc (NASDAQ: CMG) - It looks like the sellers are finally done. The stock has a three-day range from $270-$283.99, and needs to hold Friday's close of $275.15.
- Merck & Co., Inc. (NYSE: MRK) hit a pre-market low of $54.75. Below that the next relevant number is the June 2016 low of $55.10.
- Bristol-Myers Squibb Co (NYSE: BMY)- looks like it's pausing at Friday's $61.69 high, so that'll be key resistance.
- General Motors Company (NYSE: GM) needs to stay above $43, or look out to $40.80 if it can't.
- Under Armour Inc (NYSE: UAA) - $14.75 was the pre-market low. Above that there's an old low at $15.75. If it can get up there, look for it to fill the gap at $16.
- JD.com (ADR) (NASDAQ: JD) has major resistance at $39.
- Piper Jaffray Companies (NYSE: PJC) needs to hold $66 as key support
Posted-In: PreMarket PrepTechnicals Pre-Market Outlook Markets Trading Ideas
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