Chart of the Day Affimed Therapeutics (AFMD)

The Chart of the Day belongs to Affimed Therapeutics (AFMD).  I found the pharmaceutical stock by using Barchart to sort the All Time High list for the stocks having the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 4/9 the stock gained 78.23%.

Affimed Therapeutics B.V. is a clinical-stage biopharmaceutical company. It is focused on discovering and developing cancer immunotherapies. Its product candidates are being developed in the field of immuno-oncology. The Company's TandAbs has the ability to bring NK-cells or T-cells into proximity and trigger a signal cascade that leads to the destruction of cancer cells. Its product pipeline includes AFM13, AFM11 and AFM21. Affimed Therapeutics B.V. is headquartered in Heidelberg, Germany.

technical indicators:

• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 19.36% in the last month
• Relative Strength Index 74.21%
• Barchart computes a technical support level at 13.68
• Recently traded at 14.49 with a 50 day moving average of 10.54

Fundamental factors:

• Market Cap $347.47 million
• Revenue expected to grow 92.10% this year and another 77.40% next year
• Earnings estimates for the next 5 years have not been projected
• Wall Street analysts issued 3 strong buy and 1 buy recommendation on the stock

The 20-100 Day MACD Oscillator has been an effective technical trading strategy for this stock.

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Man Who First Predicted Greek Bank Deposits Would Be Stolen Now Says Another Terrifying Global Collapse Is Imminent

kingworldnews.com / July 07, 2015
Today the man who first predicted Greek bank deposits would be stolen warned King World News that another terrifying global collapse is imminent.
Another Terrifying Global Collapse Is Imminent
James Turk:  “All we need to do is look around, Eric, to conclude that a financial collapse like we saw in 2008 is rapidly approaching. The writing is all over the wall, and it is there for anyone willing to open their eyes….
“The recent nosedive by Chinese stock prices is a red flag, not to mention real estate prices in that country are hanging from a thread and poised to follow stocks in a tailspin as investors look for liquidity and safety. 
Then of course there is Greece, and more generally, the problems of weak economies and heavy debt loads in the eurozone as well as in other heavily indebted welfare states outside of Europe.
READ MORE
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GlaxoSmithKline plc (NYSE: GSK)

GlaxoSmithKline plc creates, discovers, develops, manufactures, and markets pharmaceutical products, including vaccines, over-the-counter medicines, and health-related consumer products worldwide. The company offers pharmaceutical products in the therapeutic areas, including respiratory, anti-virals, central nervous system, cardiovascular and urogenital, metabolic, anti-bacterials, and emesis, dermatology, rare diseases, immuno-inflammation, vaccines, and HIV. It also provides consumer healthcare products in wellness, oral health, nutrition, and skin health areas.
Take a look at the 1-year chart of Glaxo (NYSE: GSK) below with my added notations:

GSK has been trending lower for the past 4 months. Over that time, the stock has formed an important trend line of resistance (red). Any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its importance. GSK obviously has an important trendline of resistance, which currently sits right around $43. The stock appears to be on its way down to its $40 support (green).

The Tale of the Tape: GSK is currently stuck under a down trending resistance. A break above that resistance should mean higher prices, thus a long trade could be made either then, or on a fall to the $40 support. Short traders might look to enter a trade at the resistance.
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Trade of the Day: FB Stock Could Crack $100 Before Year End

Facebook Inc (FB) — With a market cap of nearly $245 billion, Facebook is one of the world’s largest Internet companies.

Capital IQ estimates revenue will increase 37% in 2015 due largely to its advertising business. They note the company is making impressive gains in mobile revenues, which have increased from “limited levels” in Q3 2012 to $2.4 billion in Q1 2015. And they expect overall revenue to increase another 34% in 2016.

Credit Suisse increased its 2015 estimate for adjusted earnings per share (EPS) to $1.93, from a previous estimate of $1.88, on revenue of $16.5 billion. Its analysts have a price target of $106 on FB stock, which is almost 55 times earnings. But they expect the company to earn $5.83 in 2017, which puts their price target at a more modest 18 times earnings. They have an “outperform” rating on FB stock and consider it a top pick for 2015.

Since early 2014, FB stock has maintained an orderly bull channel, advancing from about $55 to a high of over $89 in June. The consistency of its advance is impressive, but all stocks fluctuate and Facebook is no exception.

Support for its long-term trend is at slightly over $80 with solid support at its 50-day moving average at $81.60. An interior bull channel has a support line at $84, and that is where traders should purchase FB stock. The price target for a four-month trade is $100, which would result in a nearly 20% gain. However, investors may wish to hold FB stock for much higher long-term returns.

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Tenaris SA (NYSE: TS)

Tenaris S.A., through its subsidiaries, manufactures and supplies steel pipe products and related services for the energy and other industrial applications. It offers products for oil and gas drilling operations that include casings and tubings, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn tubes, tubular and non-tubular accessories, and devices, as well as technical consulting, pipe management, and field services.
Take a look at the 1-year chart of Tenaris (NYSE: TS) with the added notations:

After TS’ 2nd half, 2014 decline, the stock finally bottomed in January, eventually finding support at $26.00 (green). TS hit that support level again in March. Now that the stock appears to be falling back down to that support level again, traders could expect some sort of bounce. However, if the $26.00 support were to break, lower prices should follow.

The Tale of the Tape: TS has an important level of support at $26.00. A trader could enter a long position at $26.00 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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BNN Top Picks from Norman Levine: General Electric $GE, SNC-Lavalin SNC.TO and Vodafone $VOD

MARKET OUTLOOK:
This is being written just prior to the Greek referendum but the outlook remains largely the same regardless of the results of the vote. Stocks have generally been weak of late, due to the uncertainty over Greece and bonds have been strong as investors seek safety. We look forward to further declines in equity prices and this is hopefully the market correction we have been expecting and eagerly awaiting. We have cash to spend and are convinced that global equity growth will not be hurt in the long term by the problems in Greece so we are awaiting better valuations in order to invest our cash.
Top Picks:
General Electric (GE.N -1.75%)
We have owned General Electric for many years and are buying it at current prices for new clients.  (more)

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New Zealand Dollar Could Rally Double Digits in the Coming Months

Major currencies are rising in value...

 

Since the U.S. dollar peaked on March 13, the Brazilian real is up around 8.5%. And the euro is up around 5.7%.

 

But two major currencies have lost value versus the dollar – the Japanese yen and the New Zealand dollar.

 

The fall in the New Zealand dollar has been spectacular. And investors have fled... which gives us an opportunity. History says this currency could soon bounce by double digits. (more)

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