I just mentioned in the last post my linkfest Top Trading Links. You’re probably wondering how to derive value from some of these reads. Here is a prime example of what I’m trying to do.
Last week the FAA announced the first commercial drone regulations. We’ve been waiting on them for 8 months. Finally we get them. The whole idea is, with that news, take a look at the charts of the major drone related stocks and see if there are any opportunities.
The news brought certainty to the drone market. This has lead to some interesting setups this week.
Flight Propulsion systems maker Aerojet Rocketdyne has based above support and it’s 200 week moving average for the better part of a year now.
Leading commercial Drone maker Lockheed Martin consolidated tightly for a month plus while the 50 day moving average has caught up to price.
These are just two examples, but there are many more names presenting opportunity in the space.
If you have any questions as to why I shared a certain article, don’t hesitate to ask.
Trade ’em well!