IGI Laboratories, Inc. develops, manufactures, and markets topical
formulations in the United States. The company sells its generic topical
pharmaceutical products under the IGI label. It also develops,
manufactures, fills, and packages topical semi-solid and liquid products
for branded and generic pharmaceutical customers, as well as for
over-the-counter (OTC) and cosmetic markets. The company’s products are
used in various applications from cosmetics and cosmeceuticals to the
prescription treatment of conditions, such as dermatitis, psoriasis, and
eczema.
Take a look at the 1-year chart of IGI (AMEX: IG) below with added notations:
IG rallied from February into December before finally stalling at
around $11. The stock has hit that $11 mark again several times this
month. If IG can retest the $11 level once more (red) the stock may
finally look to break through. A close above that resistance would also
constitute a new 52-week high.
The Tale of the Tape: IG has a 52-week resistance at
$11. The possible long position on the stock would be on a breakout
above that level with a stop placed under it.
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Saturday, February 21, 2015
The Symmetrical Triangle Breakout And The U.S. Dollar Index
The 20% appreciation in the U.S. Dollar Index has decimated many
commodities. For example Crude Oil is down 60% from the June highs,
while Gold, Silver and Platinum are down approximately 25%. Before you
go bottom picking in these volatile commodities, let us first update the
current technical condition of the U.S. Dollar Index. It is important
to remember that when trading industrial commodities and precious metals
it is essential to watch the level of the U.S. dollar, since
commodities often move inversely to the price movements of the
greenback.
Chart provided by QST
MARCH 15 U.S. DOLLAR INDEX FUTURES - DAILY
Chart provided by QST
The Symmetrical Triangle
This
pattern is identified by drawing two trend lines that connect a series
of sequentially lower peaks and a series of sequentially higher lows.
Both trend lines act as barriers that, at least temporarily, prevent the
price from heading higher or lower. However, once the price breaches
one of these levels, a sharp movement often follows. A symmetrical
triangle is generally regarded as a period of consolidation that takes
place before the price moves beyond one of the identified trend lines. A
break below the lower trend line is used by technical traders to
indicate a move lower, while a break above the upper trend line signals
the beginning of a move upward. In addition, it is important to monitor
volume levels when the breakout occurs because a substantial increase in
volume tends to add validity to the break out signal. Please refer to
the chart for our key technical levels.
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Neustar Inc (NYSE: NSR)
NeuStar, Inc. provides real-time information services and analytics
worldwide. It develops unique solutions using proprietary, third-party
and client data sets. The company serves marketing and security
functions in the communications, financial services, media and
advertising, retail and e-commerce, Internet, and technology industries.
Neustar’s integrated marketing solution enhances clients’ ability to
acquire and retain valuable customers across disparate platforms. It
offers marketing services, including customer intelligence services that
provide scientific, cloud-based solutions to identify, verify, and
segment existing and potential customers in real-time for marketing
solutions, and fraud and risk mitigation; activation services, which
enable online display ad targeting of prospect audiences and customers;
and campaign conversion analytics that enable clients to measure
advertising effectiveness.
Take a look at the 1-year chart of Neustar (NYSE: NSR) with the added notations:
NSR has been trading mostly sideways over the last 10 months while repeatedly finding support at $24 (green) whenever that level has been approached. Now that the stock is there again, traders should be able to expect some sort of bounce. However, if the $24 support were to break, much lower prices should follow.
The Tale of the Tape: NSR has a key level of support at $24. A trader could enter a long position at $24 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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Take a look at the 1-year chart of Neustar (NYSE: NSR) with the added notations:
NSR has been trading mostly sideways over the last 10 months while repeatedly finding support at $24 (green) whenever that level has been approached. Now that the stock is there again, traders should be able to expect some sort of bounce. However, if the $24 support were to break, much lower prices should follow.
The Tale of the Tape: NSR has a key level of support at $24. A trader could enter a long position at $24 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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Chinese Oil Re-Stocking Is Over: Inbound VLCCs Drop To 5-Month Lows
In October 2014, we noted the massive surge (amid a slowing economy) in VLCCs bound for China
as they began rebuilding their Strategic Petroleum Reserve, buying the
newly low priced crude providing ‘artificial’ demand not reflective of
actual current activity. Crude prices continued to drop and China-bound
tankers remained high. But, as Bloomberg notes, this week saw
the number of supertankers heading to China drop to 62 – the lowest
since September 19th (before China began its restocking efforts) –
strongly suggesting that ‘artificial demand’ has been removed from the
global oil market.
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Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”
shtfplan.com / Mac Slavo /
It’s impossible to predict when and how our economy will finally reach a breaking point, but according to contrarian Shadow Stats economist John Williams it’s coming one way or the other.
The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger quantities.
Because, if and when hyperinflation starts people will quickly realize that their dollars are worthless. And as we have seen time and again, and most recently in Russia, when a currency rapidly loses its value the public will have no option but to panic buy everything that isn’t nailed down in an effort to unload their diminishing purchasing power before their currency is completely worthless.
This means, as John Williams notes in the following interview with Greg Hunter’s USA Watchdog, that food and other essential supplies will disappear within a matter of hours.
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