Friday, September 29, 2023

Chart of the Day: Tesla Could Be Accelerating

Tesla skidded lower after its last earnings report on July 19, but now the EV giant could be turning a corner. The first pattern on today's chart is the dive toward $212 on August 18....

Technical Analysis: Can Caterpillar Hold Its Gains?

Caterpillar has been leading a rally in industrial stocks, but now some traders may expect a pullback. Notice the gap to new record levels on August 1 after earnings beat estimates. CAT pushed to another...

Chart of the Day: Alphabet Pulls Back After Earnings Rally

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 on today’s chart is the bullish gap on July 26...

Options Alert: Two Giant Trades In Uber Technologies

Uber Technologies has been steadily trending higher, and options traders seem to think the move will continue. Two large transactions appeared in the ride-sharing stock yesterday. Both were bullish, although one involved significant risk and...

Chart of the Day: Is Caesars Following Travel Stocks Higher?

Travel stocks have climbed recently, and now Caesars Entertainment could be showing signs of strength. The first pattern on today’s chart is the falling trendline along the highs of February, March and mid-June. The casino...

Options Alert: Large Put Spread Targets Key Level in Apple

Apple has surged this year as Wall Street anticipates a new iPhone cycle and growth opportunities in India. But yesterday options traders looked for a pause. Check out this large transaction that occurred shortly after...

Options Traders May Think Carnival Will Keep Sailing Higher

Carnival is the top-performing member of the S&P 500 in June, and one big options trader may think it will keep sailing over the summer. Check out this unusual options activity yesterday in the cruise-ship...

Technical Analysis: Don’t Forget About Alphabet

Alphabet has been on the sidelines since a big rally in May. Is it time for traders to think about more upside? The first pattern on today’s chart is last August’s peak around $122.43. GOOGL...

Chart of the Day: Carnival Pushes a Key Level

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 today’s chart is Friday’s last price of $12.18. While the...

Chart of the Day: Micron Pulls Back After Breaking Out

Semiconductor stocks have been moving lately. Today’s chart focuses on memory-chip producer Micron Technology. The first pattern to consider is the level around $64.30. MU peaked near this price in November, January, March and April....
- Advertisement - Trade in milliseconds