iBankCoin
Joined Jan 27, 2008
6,893 Blog Posts

Fitbit Got Too Cheap

$FIT is trading well today after nearly hitting the $5 mark yesterday. The company has about 750M in cash on the balance sheet and was trading near a 1B valuation at the lows in yesterday’s session. Valuation, the stock is cheap, and many seem to agree with prices running higher today. Here’s my tweet yesterday:

The stock is back on the runner screen along with nearly 200+ tickers in today session. Indeed, the first of the month buy program is in full effect. Have a look at today’s screen HERE.

Oil, however, went negative on the session, but stocks seem to be holding in for now. Let’s see how we close today.

Developing..

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Elon Musk Ted Talk – The Future We’re Building

While everyone was focused on Bitcoin and $AMZN nearly touching $1000, $TSLA was quietly in the rear breaking back and closing above the 20 day moving average. This move comes in the face of another hit piece released just yesterday on the stock.

Take a look at this beauty below. Today’s low gives you a clear exit point should the trade go south, but prices look to be headed straight to 52 week highs from here.

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Elon Musk has an incredible vision for Tesla and the future, one that seems to be coming together perfectly. As one analyst said today, if $TSLA can hit all of their targets, this is a $500 stock.

Over the long holiday week make sure to give Elon’s TED talk a listen. It’s a glimpse into your future. Buy dips in $TSLA for the foreseeable future.

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Facebook Stock Back On Top

Facebook recovered the 20 day moving average today, and has made back every penny lost since the panic of last Wednesday. Short sellers are all now in the hole giving the market the fuel it needs to rocket us higher into a holiday weekend. Indeed, the futures are already shooting higher as holiday trade is underway.

I myself have been planning a trip to Florida, where I will be celebrating more life thanks to the brave men before me. But, before I go, here are a few movers to watch from Wednesday’s screen: CLICK HERE FOR RESULTS

Charts of interest as we close out the week include:

 

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Letter $X Is Back On The Map

As we head into the final hour of trade, let’s go ahead and take a look at today’s top hybrid movers inside Exodus. I’ve imported today’s list for your viewing pleasure: CLICK HERE FOR CHARTS

My favorites from today’s list include:

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Letter $X also happens to land on top the runner screen inside Exodus. Let’s keep an eye on the steel names this week to see if the Trump trade can indeed resume.

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TOP RATED STOCKS FOUND HERE

Here’s your weekly look at the top 100 rated stocks inside iBC’s trading software, Exodus. The following screen searches for stocks that have a high combined financial & technical score within our system, and maintain positive free cash flow.

The results below are sorted by average daily volume, NOT the actual ranking. To view the actual ranking, the official screen for members can be found & saved HERE.

I’ve imported this week’s screen for your viewing pleasure: CLICK HERE FOR RESULTS. My favorites for the upcoming week include:

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Bitcoin Hits 2,000; Where Does It Go Next?

The cryptocurrency known as Bitcoin has topped $2,000 today, making many many nerds with supercomputers rich. I have a lot of history with bitcoin and use to trade it often. I sold every last one around $1300 and missed the latest leg higher.

The coin really is easy to purchase and can be useful for many people around the world. In my dealings, I’ve found coinbase.com to be one of the safest place to buy bitcoins. Also, BitcoinWisdom.com has some great charts of the cryptocurrency for those interested. But, I don’t advise buying up here.

One fellow on Twitter asked me where does bitcoin go from here? $4,000 or $500? I told him I wish I knew. It either trades to something crazy like $8,000, and dies from there, or maybe it starts to trade in a range, similar to gold.

Maybe you guys can help this young lad on Twitter. What does Bitcoin hit first? $4,000 or $500? Vote in the new poll below:

 

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