The speaker, Jessica Inskip, is discussing her analysis of several stocks, including IBM and Intel. She uses technical analysis to identify potential buy points, key levels, and areas of concern.
For IBM, she identifies a key level at 135, which she believes is a consistent area of supply. She suggests that the stock should move above the 200-week moving average to trigger a bullish trend. She also emphasizes the importance of consistent higher lows and higher highs. If the stock breaches the 135 line, she sees it as a sign of weakness and a potential point of concern.
For Intel, she identifies a critical point at 40. If the stock does not overcome this point, she expects some consolidation. She suggests that a weekly close above 40 as a good sign and emphasizes the importance of consistent weekly closes. She also discusses the importance of trend strength, which she sees as weakening.
In the case of Progressive, she identifies a potential area of concern. She looks at the 26-weekly moving averages and sees them as indicative of weakness in the trend. She suggests that there may be periods of consolidation with a trend reversal.
In conclusion, she provides a detailed analysis of the stocks, highlighting key levels, areas of concern, and potential trends. She emphasizes the importance of technical analysis in making investment decisions.
Here are the key facts extracted from the text:
1. CNBC has released a list of the most expensive stocks that analysts don't seem to love.
2. The criteria for the list include the largest valuation premium in the S&P 500, less than half of the analysts covering it say it's a buy, and it's at or above the consensus price target for the next 12 months.
3. IBM is on the list and is considered interesting by Jessica Inskip, the director of product with Options Play.
4. Jessica is bullish on IBM and thinks it's a good buy.
5. Jessica's key level for IBM is 135, which is a consistent area of supply.
6. Intel is also on the list and is considered a pivotal moment by Jessica.
7. The 40 line is an area of demand for Intel, and if it doesn't overcome that, Jessica expects consolidation.
8. Progressive is on the list, and Jessica is bearish on it.
9. Jessica looks at the 26 weekly moving averages and the weekly averages as a technician.
10. Jessica thinks Progressive has breached below the 26 weekly moving averages, indicating weakness of a trend.
11. Jessica is looking for a higher high and a breach of the lower low for Progressive.
12. Trend strength is weakening for Progressive, which is a concern for Jessica.
13. Jessica Inskip is the director of product with Options Play and provided technical support for the discussion.
14. The list of stocks was discussed with a focus on technical analysis rather than fundamental analysis.