Target Entry: $30 (61.8% FR Support, Long Term Up Trend Support, 200D SMA Support).
Trading Strategy: Short Put Spread 29/30
MSFT Chart
MSFT Fundamental
Looks like the recent rebound of GLD is coming to an end as the ETF price is facing the Fibonacci Fan 38.2% resistance and the gap resistance at about $125. GLD has been rejected by this 38.2% Fibonacci Fan resistance for the past 2 occasions.
The current rebound has retraced back to 50% FR level (see Fibonacci Retracement in black line). Keep an eye on whether there is a reversal at this level else GLD will continue the down trend from now on.
See GLD previous analysis here.
Starbucks (SBUX) is currently trading near to all time high and still on a strong up trend in an uptrend channel. Current price is not good level to invest as the stock is over value base on PE ratio and also not a right thing to buy to buy at high. Technically there are short term trading opportunities either buy on dip or short when there is a reversal pattern.
| Current P/E Ratio (ttm) | 32.9051 |
|---|---|
| Estimated P/E(09/2013) | 29.7289 |
| Relative P/E vs. SPX | 2.1061 |
| Earnings Per Share (USD) (ttm) | 1.9660 |
| Est. EPS (USD) (09/2013) | 2.1760 |
| Est. PEG Ratio | 1.6659 |
| Market Cap (M USD) | 48,472.22 |
| Shares Outstanding (M) | 749.30 |
| 30 Day Average Volume | 4,554,231 |
| Price/Book (mrq) | 9.0968 |
| Price/Sale (ttm) | 3.4888 |
| Dividend Indicated Gross Yield | 1.30% |
| Cash Dividend (USD) | 0.2100 |
| Last Dividend | 05/07/2013 |
| 5 Year Dividend Growth | – |
| Next Earnings Announcement | 07/26/2013 |