Energy providersaw its Friday’s lows test its 50-day moving average, only for the stock to pivot higher from there. The shares cleared $90.48 -- the site of its close prior to a post-earnings bull gap on Oct. 24 -- and $93, which is 1.5 times NXT’s channel at $62 from February 2024 to June 2025.Shorts are in covering mode, and with a modest 3.5% of the stock’s total available float sold short, this could keep the wind at NXT’s back.An unwinding of pessimism in the options pits could propel the security even ...

Subscribers to Schaeffer's Weekend Trader options recommendation service received this EAT commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.Shares of chain restaurant umbrella Brinker International Inc (NYSE:EAT) have pulled back to the 50-day moving average, the site of their April highs. Now the equity is sitting just above its 20% year-to-d ...

Group 1 - Amazon.com Inc (NASDAQ:AMZN) experienced a significant selloff, reaching its 24-month moving average, which historically has been a strong buying opportunity, with exceptions in 2008, 2020, and 2022 [2] - The stock price approached the $175 level, which was a resistance point during 2020-2021, and the low of $166 on Friday aligns with the April 2024 low and previous put open interest strikes [3] - Given the technical support levels, it is considered an opportune moment to buy AMZN on the dip, with a recommended call option that has a leverage ratio of 6.0, potentially doubling with an 18.8% rise in the stock [4]