Tuesday, April 16, 2024

Options Alert: Bulls Remain Active in Key Uranium Name

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Uranium miner Cameco has rallied along with the price of the radioactive metal, and at least one big options traders is looking for the move to continue. This unusual activity was detected yesterday in the...

Chart of the Day: Are Chips Losing Their Edge to Software Stocks?

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Semiconductor stocks have surged this year, thanks in large part to Nvidia. But they could be losing relative strength to software makers within the technology sector. Today’s main chart focuses on the VanEck Semiconductor ETF...

Breakout or Breakdown? Events This Week Could Set Market Direction

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Stocks face major tests this week as investors brace for inflation data, a potential autoworker strike and the expected introduction of new iPhones. The S&P 500 fell 1.4 percent in the holiday-shortened week between Friday,...

Technology Rebounds as New Companies Rally In the Sector

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Technology stocks are rebounding from a weak August as investors target a widening swath of companies like Intel and Western Digital. The S&P 500 rose 2.5 percent between Friday, August 25, and Friday, September...

Chart of the Day: Tesla Could Be Accelerating

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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?

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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

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

Options Alert: Two Giant Trades In Uber Technologies

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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?

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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

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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...
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