Some of the best trading opportunities can be found in beaten-down stocks.
Look at Advanced Micro Devices (SYM: AMD), for example.
After dropping from about $230 to a low of about $142, the tech giant is just starting to pivot higher. All thanks to continued chip demand and the artificial intelligence story. Plus, AMD was tough to overlook with RSI, MACD, and Williams’ %R at their lows.
Dips in Nvidia (SYM: NVDA) have been solid buy opportunities, too.
Shortly after dropping to a low of about $750, it also became over-extended on RSI, MACD, and Williams’ %R. But we knew the pullback was temporary, with earnings, demand, and the AI story as explosive as ever.
|
We’re not just seeing dip opportunities in tech. We’re also seeing it in retail stocks, like Target (SYM: TGT), which recently gapped from about $155 to $140 on earnings. However, with a good deal of negativity now priced in, TGT is starting to pivot higher. It’s also oversold on RSI, MACD, and Williams’ %R and could soon refill its gap. Even better, while we wait for TGT to recover, we can collect its yield of 3.01%. |
Stansberry Research
Urgent Alert: “This Could be Worth 20X More Than Nvidia”
Whitney Tilson’s nailed many of the most famous stocks of the last 25 years – including Netflix, Amazon, and Apple. Now he’s pounding the table on a new technology rolling out across America, which early estimates say could create more wealth than A.I., the personal computer, and the smartphone combined.
Click here to see how it could become the No. 1 investment of the next decade.
|
Company: Home Depot (SYM: HD) |
MarketBeat
FREE REPORT: 7 Energy Stocks to Buy and Hold Forever
Do you expect the global demand for energy to shrink?! If not, it’s time to take a look at how energy stocks can play a part in your portfolio.
This free report is available today, Wednesday, May, 29th. This research report will NOT be free forever. Download your copy for free before we list it for sale.
Get Your Copy of “7 Energy Stocks to Buy and Hold Forever” Here.
|
Company: Lowe’s (SYM: LOW) Even the dip in Lowe’s (SYM: LOW) is overdone. Over-extended on RSI, MACD, and Williams’ %R, LOW recently dropped from $235 to a low of $215.85. If it can hold $215.85, we’d like to see it retest $235 shortly. Again, if you’re looking for hot opportunities, look at unfairly beaten-down names. It’s just something to think about when you’re looking for good trade ideas. |
Eagle
27 Countries are All Fighting Over this One Material…
The world’s most valuable material on Earth is 1200x more valuable than silver, 32x more valuable than platinum, and 16x more valuable than gold! With over $11 trillion up for grabs… Investors who position themselves FIRST are set to make a lot of money.
Click here to discover how you can claim your stake.
