Saturday, April 1, 2023

Chart of the Day: Tight Consolidation in Semiconductor Equipment Stock

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 is the rising 50-day simple moving average. LRCX has consolidated...

Chart of the Day: Exxon Mobil Has Pulled Back

Exxon Mobil has steadily advanced for more than a year, and its current pullback may interest trend followers. The first pattern on today’s chart is $104.76, XOM’s previous all-time high from 2014. Notice how this...

Is Tesla Overvalued? Check Out These Stunning Comparisons to GM and Ford

Tesla is one of the market's most active companies for stock and options traders. It could also look most expensive by various measures, but is it overvalued? This article will address the question by comparing Elon...

Technical Analysis: Pullback in Yum Brands

Yum Brands had a strong rally in late 2022. Now after a pause, the restaurant company may interest pullback buyers. The first pattern on today's chart is $125.70, a daily closing high from last April....

Complex Options Strategy Targets More Upside in Banking Giant

Citi has been fighting higher since Christmas, and one big investor seems to think the move will continue. Check out this unusual options activity in the banking giant yesterday: 22,000 January 45 calls traded for $5.25.22,000...

Technical Analysis: Have Chipmakers Already Bottomed?

Most people know that technology stocks ended 2022 on a weak note. But they may not realize one group started to outperform: chipmakers. The first pattern on today’s chart of the Philadelphia Semiconductor Index is...

Options Alert: Trader Looks for More Upside in Chinese Tech Stock

Chinese technology stocks have been jumping, and one options trader is positioning for the move to continue. Check out this unusual activity this afternoon in e-commerce company (JD): Some 5,000 February 70 calls were purchased...

Chart of the Day: Is Oracle Attempting a Breakout?

Oracle has performed better than most technology and software companies, and now it may be attempting a breakout. The first pattern on today’s chart is the triangle that took shape in December. Prices ended 2022...

Chart of the Day: Royal Caribbean May Be Cruising Lower

Royal Caribbean Cruises drifted higher since the summer, but now it may be rolling over. The first pattern on today’s chart is the level around $61.45, where the leisure stock bottomed in March before proceeding...

Negatives Are Piling Up in This Year’s Only Positive Sector

Energy stocks are the only positive sector in 2022, but they're ending the year under a cloud of negativity. Crude oil futures (@CL) have fallen 13 percent so far in December, putting them on pace...
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