Friday, April 19, 2024

Energy Stocks Just Got a Triple Dose of Bullish News

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After months of relative quiet, energy stocks are back in focus with a triple dose of bullish news. The sector began the week rallying on reports that OPEC+ would lower output by 1 million barrels...

Technical Analysis: Discount Retailer Holds Gains as the Broader Market Tanks

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The broader market has been super volatile lately, which makes the tranquil behavior of one retailer interesting: Dollar Tree. Notice how the discounter plunged on May 18 after Target's (TGT) poor quarterly results. Also notice...

AMD Was the Busiest Symbol at TradeStation for the Fifth Straight Month

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Advanced Micro Devices made new lows in June, but it remained the most actively traded symbol at TradeStation Securities for the fifth straight month. AMD declined as investors shunned economically sensitive semiconductor stocks. It's lost...

Options Alert: Call Spread Targets New Highs in AMD

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Advanced Micro Devices has climbed in the last two weeks, and options traders are looking for more gains through mid-November. Heavy volume was detected yesterday in two calls expiring next month. The trades occurred in...

Chart of the Day: DIY Giant Tries to Break Out Before Key Data

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Home Depot could be attempting a breakout as investors await key industry data. The main patterns on today’s chart are the falling trendline and the 50-day moving average. HD is attempting to push through both. This...

Nasdaq and Tech Are Stabilizing as Investors Prepare for Earnings Season

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Growth stocks and the Nasdaq-100 could be attempting a turn after six months of steady declines. The technology-heavy index rose 4.7 percent in the holiday-shortened week between Friday, July 1, and Friday, July 8. In...

Stocks Muscle Higher as Rate Hike Looms and Earnings Stream In

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Stocks are muscling higher before one of the busiest weeks of the year, packed with key earnings and a major Federal Reserve meeting. The S&P 500 rose 2.5 percent between Friday, July 15, and...

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...

This Food Stock Broke Out to New Highs. Now It’s Pulled Back

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General Mills has been a slow mover for years, but the Cheerios maker has gotten more interesting lately. The main pattern on today’s chart is the June 29 rally above $73. That was not only...

Attention Amazon Traders! Check Out This Chart

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Amazon.com has declined along with the broader Nasdaq-100. But other consumer-facing companies have fared much better. The chart below compares AMZN with competing retailers. It uses percentage-change charts with a six-month interval. Notice how the...
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