Thursday, May 16, 2024

Chart of the Day: Alphabet Pulls Back After Earnings Rally

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Alphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity. The first pattern...

Chart of the Day: Gold is Pushing $2,000

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Gold has consolidated for more than two years, and now it may be inching toward a breakout. The first pattern on today’s weekly chart is...

Chart of the Day: Nvidia and the Midcap Breakout

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Megacap growth stocks like Nvidia have outperformed for years. But traders looking for the trend to change may see more evidence of a shift. Today’s...

Technical Analysis: ON Semi’s Breakout and Pullback

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ON Semiconductor is one of the few chip stocks to hit new highs this summer. It then pulled back along with the rest of...

Technical Analysis: Will Tesla Shares Drive Higher?

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Tesla more than doubled between January and mid-February. It retraced almost half that move last month and is now trying to bounce. Will the...

Technical Analysis: Merck Could Be Breaking Out

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Merck surged in late 2022 and consolidated during the first quarter. Now the drug maker could be breaking out. The first pattern on today’s chart...

Chart of the Day: Carnival Pushes a Key Level

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Carnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher. The first pattern on...

Chart of the Day: Royal Caribbean May Be Attempting a Breakout

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Royal Caribbean Cruises has spent more than two months consolidating, but it may be getting ready to move again. The first pattern on today’s chart...

Technical Analysis: Does the Nasdaq Need a Pause?

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The Nasdaq-100 has been running as investors flock back to growth stocks. But is it time for a pause? The index has gained each of...

Chart of the Day: Tight Consolidation in Semiconductor Equipment Stock

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Semiconductors have outperformed lately as investors get excited about demand from artificial intelligence (AI). Today’s chart considers equipment supplier Lam Research . The first pattern...
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