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The Weekly Whisper from the Dark Pool: Starbucks, Delta Air Lines
08/31/2017 2:57 am EST
Hello there, Stefanie Kammerman, the Stock Whisperer, back from San Francisco MoneyShow to tell you the Whisper of the Week from the Dark Pool: Starbucks and Delta Air Lines. And, a recap of past Whisper performance of United States Steel in my weekly Thursday video and transcript.
Before we get to this week’s Whisper, let’s talk about the last week’s Whisper. Last week, on August 23, we were bullish on United States Steel (X). Above $25. You can see a powerful move to the upside this week. My traders rocketed it. And it hit $27 today (August 30). I still love it. You can see it hit resistance. If it can break above $27, then $27.50 is my next target for X.
So what are we watching this week? I have my eye on two companies.
Starbucks (SBUX) is starting to heat up. I want to show you the seasonality chart. As you can see in August, Starbucks usually has a bottoming effect for a really huge rally all the way to December and actually continuing, a little pause in January, all the way to March.
I love Starbucks but I would love for it to close above this $55 level, a really, really key level. If it can break above that, there’s a lot of room to the upside, as well as a great gap fill trade. We already did a little fade here, so $57.50 is the next target.
Also watching Delta Air Lines (DAL). Check out the seasonality here, bottoming out in August and a massive rally for the next couple of months. Let’s check out the chart here. Our level that we’re watching is $47. There are some sellers there today. We’d really need to close above that. And my first target would be $48.75.
Come watch me trade all day long in the Java Pit. Happy trading everybody!
Recorded: August 30, 2017
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