Wednesday, May 8, 2024

Technical Analysis: This LNG Tanker Stock Is Squeezing. Will a Breakout Follow?

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Natural gas tanker stock Cheniere Energy has steadily trended higher for more than a year, but it’s effectively gone nowhere for three months. Now it may be getting ready to move again. The first pattern...

Stocks Break Historic Losing Streak on Positive Earnings and Inflation News

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Stocks exploded higher last week, breaking a historic losing streak, as good news chipped away at a wall of negativity. The S&P 500 rose 6.6 percent between Friday, May 20, and Friday, May 27 --...

Finding Stocks That Haven’t Broken Down in 2022: TradeStation Tutorial

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Most stocks have been sliding along with the broader market this year, but a handful of names haven't broken down. Today we'll consider ways to find them using TradeStation's desktop platform. The basic goal is...

Stocks Cross the Line Into ‘Bear Market’ as Inflation Worries Peak Before Pivotal Fed...

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Wall Street fell into a "bear market" on Monday as inflation worries inflicted broad damage across the S&P 500. Consider these facts about the selloff: The S&P 500 closed at 3750. That's 22 percent below its...

Takeovers, Approvals, Drug Data: Positive News Grows as Biotechs Hold March 2020 Lows

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Biotechnology stocks have pulled back dramatically, but positive news has been growing as the sector tries to stabilize at a historic level. Positive news has emerged on several companies in the industry, including takeovers, regulatory...

Investors Return to Growth Stocks as a New Quarter Approaches

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Investors just pivoted back to growth stocks as inflation worries fade and a new quarter approaches. The S&P 500 jumped 6.4 percent in the holiday-shortened week between Friday, June 17, and Friday, June 20. More...

Technical Analysis: Discount Retailer Holds Gains as the Broader Market Tanks

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The broader market has been super volatile lately, which makes the tranquil behavior of one retailer interesting: Dollar Tree. Notice how the discounter plunged on May 18 after Target's (TGT) poor quarterly results. Also notice...

Recession Fears Swelled Last Week. Is That Good News for the Nasdaq?

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Stocks fell again last week as recession worries increased, but there could be some positives as the second half begins. The S&P 500 fell 2.2 percent between Friday, June 24, and Friday, July 1. The...

Chart of the Day: Tight Consolidation, Golden Cross in Top Solar Stock

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Solar energy has been one of a few bright spots in this bearish market. Today we’re looking at the company in the group with the largest market cap: Enphase Energy (ENPH). The first pattern on...

Chart of the Day: DIY Giant Tries to Break Out Before Key Data

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Home Depot could be attempting a breakout as investors await key industry data. The main patterns on today’s chart are the falling trendline and the 50-day moving average. HD is attempting to push through both. This...
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