Equinix (EQIX):
Wednesday, March 10, 2021
Equinix: Technical Set-up Looks Good
Sunday, August 16, 2020
Barron's Recommends Merck, But Is it a Buy At $83.
Barron's has recommended Merck (NYSE: MRK) stating that the company does not get "enough credit". Merck is currently trading at $83.48. The price is currently hugging the upper part of the Bollinger Band. The money flow indicator is approaching over-bought territory and currently sits at 60. The MACD is flashing a buy signal. All the moving averages are currently flashing a buy. If there's any pullback, the stock may be a buy at $75 or $76.
Exhibit: Merck May Be a Buy at $75 or $76.
(Source: Tradingview)
Exhibit: Merck Oscillators
(Source: Tradingview)
Large Insider Buy at Pfizer Made Me Look At that Stock
Barron's has reported that Pfizer's Director Ronald Blaylock has made the largest open-market purchase of the stock since 2003. Mr. Blaylock paid $510,000 on August 6th for 13,000 Pfizer (NYSE: PFE) shares. The Director has paid an average price of $38.53 for the shares. The stock has been trading lower and as of Friday, August 14, 2020, it was trading at $38.06. The money flow indicator is nearing oversold territory and the MACD is flashing a sell signal. A good entry point for the stock may be around $37.70. There seems to be support for the stock at this level. If the stock breaks below $37, another entry point would be around $32.50. The stock was at that level when the money flow indicator was in oversold territory on July 24, 2020.
Exhibit: Entry Points for Pfizer
(Source: Tradingview)
The Industrials Sector is on a Tear
The Vanguard Industrials Index ETF ( VIS ) touched a 52-week high of $202.86 on Friday, June 16 (Exhibit 1) . Exhibit 1: Vanguard Industr...
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As of June 30, 2020, most of the companies in the Dow Jones Industrial Average (DJIA) have already reported quarterly earnings . The pandemi...
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If there was any year in which companies could get a pass for booking a loss or for poor sales, 2020 would be it. There are very few com...
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