Saturday, April 27, 2024

Technical Analysis: Merck Could Be Breaking Out

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Merck surged in late 2022 and consolidated during the first quarter. Now the drug maker could be breaking out. The first pattern on today’s chart is the rally between mid-October and early January, which included...

Chart of the Day: Apple Pulls Back After a ‘Golden Cross’

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Apple clawed to a six-month high last week. Is it done or will prices continue higher? The first pattern on today’s chart is the price level around $156. AAPL peaked there on March 6 and...

Will American Express Run Again? A Big Options Trader May Think So

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American Express has dropped along with other financials this month, but one big investor is using options to stay long the name. Check out this large trade that occurred shortly before noon yesterday: A block of...

Technical Analysis: Will Tesla Shares Drive Higher?

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Tesla more than doubled between January and mid-February. It retraced almost half that move last month and is now trying to bounce. Will the move continue? The first pattern on today’s chart is the 50-day...

Growth Comeback? Nasdaq Surged Last Week Amid Banking Scares

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Stocks face a confusing mix of positives and negatives, but the biggest story could be an unexpected surge in the Nasdaq-100. The technology-heavy index rallied 5.8 percent between Friday, March 10, and Friday March 17....

Chart of the Day: Tight Consolidation in Semiconductor Equipment Stock

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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

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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

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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

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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

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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...
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