Our Best Trades   |   Top Performers   |   Videos   |   Join Now   |   Login

Blue Chip Daily Chart of the Week

01/03/2021
Blue Chip Daily Chart of the Week:
Etsy, ETSY.
Close: 177.91
Stop level for position traders and investors: 149.44
please see chart analysis below

  • Etsy Inc. (ETSY) is one of our top technical ideas this week, and is on our just published Top 25 Stocks for 2021 List. https://bluechipdaily.com/blue-chip-daily-2021-markets-outlook-jan/
  • ETSY is in a technical uptrend above all key rising moving averages, indicating an uptrend on multiple time frames.
  • ETSY recently made a new all-time high, indicating strong price momentum as well.
  • The stock recently corrected 12.4% off of all-time highs, into the rising 20-sma.
  • A close over $200 could signal a new breakout and $155 and $170 is key support on any pullbacks.
  • One item of note: With the start of the new year, sector rotation can often occur, and this is something that we are monitoring this week.

Disclosures:

  • I am currently long ETSY since 12/07/20 at $154.88.
  • ETSY went onto our Chart of the Day Buy List on 10/29/20 at $137.55 and again on 12/08/20 at $156.93.
  • ETSY has been on our weekly Top 25 Stock Buy list on 11/08, 11/22, 11,29, 12/06 and 12/13.

See our best 2020 performing open positions and trade alerts for Members:
2020 Blue Chip Daily Buy List Top Performers – Blue Chip Daily Trend Report

Updated performance tab:
2020 Top Performers – Blue Chip Daily Trend Report

Have a great week,

Larry Tentarelli
Publisher

 

 

 

 

Join Now for
Exclusive Access

Annual Membership
ONLY $499/year
Monthly Membership
ONLY $59/month
Blue Chip Daily
Member Benefits