Market Overview

7 Key Technical Levels To Watch On Monday

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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.

  • Square Inc (NYSE: SQ) $37 is key support. Last Wednesday’s low was $37.18 and Friday’s low was $36.72.
  • CVS Health Corp (NYSE: CVS) has a double bottom at the $73.50 area, and major resistance at $76.50.
  • Blue Apron Holdings Inc (NYSE: APRN) has major resistance at the $4.00 area, with several highs from early November at $3.99 and $3.87.
  • Palo Alto Networks Inc (NYSE: PANW) the last two highs were at $146.50, so that’s resistance. Above that there’s air to $149.34.
  • eBay Inc (NASDAQ: EBAY) has 5 highs at $36.20.
  • FMC Corp (NYSE: FMC) $95.25 is the all-time high, and it’s made several highs at the $95 area since October.
  • IBM (NYSE: IBM) has several highs at the $155 area from late October.

Listen to the full show here:

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.

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.

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

 

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