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Believe it or not, Amazon.com is little changed since July 2020. Now it faces an uphill struggle as a new year begins. The first pattern jumping off the chart is the downward-sloping trendline that began shortly before Thanksgiving. AMZN steadily trending lower as the...
Tesla has been on anything but autopilot since peaking above $1,240 in early November. The EV giant first made a lower high near $1,200, followed by a lower low under $900 yesterday. Taking a step back, the price action is starting to resemble a downward channel. This...
The S&P 500 fell yesterday, but a new kind of stock seems to be breaking out. Consumer staples, real estate investment trusts and utilities hit new 52-week highs on Monday, based on analysis of the SPDR funds tracking each sector. Meanwhile economically sensitive...
Footwear stock Crocs has been in a steady uptrend since the market bottomed in March 2020. Now it's pulled back and may be interesting to swing traders. The first pattern on today’s chart is the 50-day moving average. CROX tested it on Friday and Monday, closing above...
Options traders are sticking with the same upside strategy as Ford Motor challenges multidecade highs. Here's the activity yesterday: Roughly 30,000 December 21.50 calls were sold for $0.10 against open interest of 10,601 contracts.A matching number of December 21...
The IPO market is setting new records as 2021 nears and end. Today we'll review some recent deals, including three companies that issued results for the first time. On Holding (ONON) is one of the biggest movers in recent weeks. The Zurich-based sneaker company went...
Stocks rebounded last week, led by the Nasdaq-100, as "Goldilocks" conditions return. The S&P 500 rose 0.7 percent between Friday, November 12, and Friday, November 19. However the big move came from the Nasdaq-100, which gained 2.5 percent as semiconductors and...
Retail stocks are jumping this week as stores rebound from last year's shutdowns. The industry has been overlooked for years as investors focused on technology stocks and e-commerce. However some of the headwinds are potentially fading as the country reopens. Below...
Electric vehicles have surged lately, and today brings another key milestone: Rivian Automotive's initial public offering. The company first proposed a share price of $57 to $62. Strong demand let the underwriters boost the range to $72 to $74. It priced even higher...