Current Trade Ideas
King Digital (KING) triggered through the suggested entry price of $12.20 today and will be moved to open.
I am removing Apple (AAPL) from the short ideas table for a loss of a little more than 2%. I still think the golden fruit may go rotten as it sits in the ominous-looking pattern, but it's not worth the fight at this point.
Chipotle (CMG) triggered through the suggested entry price of $660.50 today and will be moved to open. If you are unaware, I made an adjustment to the entry price, as it was $659 previously.
New Trade Ideas
I am adding DR Horton (DHI) to the short ideas table. This stock, after bouncing off of support, appears ready to roll over again. Look for entry on a trade through $20.60 with stops at $21.20. Target area for now is $18.50.
I am adding Nike (NKE) back to the short ideas table. This stock was a recent trade idea that fell victim to bad timing. I still believe this stock will trade back down to fill it's earning gap. Look for entry on a trade through $86.85 with stops at highs and a target of $80.
I am adding Amazon (AMZN) back to the short ideas table. This stock was a recent trade idea that I recently removed for a small gain. I think this stock is setting up for lower prices again. Look for entry on a trade through $314, with stops at $325.50 and a target of $282.
I am adding Hain Celestial (HAIN) to the short ideas table. This stock looks ready to break through support as it has failed twice at the $104 area. I am going to suggest entry on a trade through $99.90 with a stop at $102.75. Target is set at $89.50 for now.
At the time of publication, Redler had no positions in any of the securities mentioned.