Stock Waves Eye On Earnings
Here are five stocks to watch that report before the market open tomorrow.
CRI is one of our Stock Waves 300 stocks and is starting a primary 5th wave up like much of the market. This bounce off the end of June looks like the second of three (abc) waves for the lower wave B on the chart, with the c wave targeting 71.63 before CRI resumes its rally.
HON has a textbook abc up from the June low. The most probable count is that it is a B wave of a wider flat targeting the lower 130s.
NEE looks to be in an ending diagonal in its primary 5th wave up. It has room for higher in wave C of (3) toward the 286 to even 310 region, but the sub-waves are not super clean inside C and it is possible it first needs a sub-wave down to around 260.
VZ has had a decent corrective retrace off the April high, setting up a possible swing targeting the mid-60s. The 54 region is key support.
AXP may be working on a bigger consolidation from the June high, but even so a bounce more toward 108-110 as a "B" wave would be preferred. 90s are key support for near-term upside.
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