Thursday, May 2, 2024

Chart of the Day: Lululemon Could Be Running

0
Lululemon spent more than half of 2023 in a range, but now it could be starting to run. The first pattern on today’s chart is the bullish gap after LULU was added to the S&P...

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

0
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...

Nvidia Is Sitting Quietly After Another Strong Report

0
Nvidia is the only member of the S&P 500 that's tripled this year. Now it's stuck near record highs as traders enter the home stretch into 2024. This chart highlights some a few patterns on...

Chart of the Day: Tight Price Action in Microsoft

0
Microsoft has paused this month as the Nasdaq-100 climbs to new highs. However, some chart watchers could look for the software giant to come off the sidelines. The first pattern on today’s chart is the...

Chart of the Day: Carnival Pushes a Key Level

0
Carnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher. The first pattern on today’s chart is Friday’s last price of $12.18. While the...

Chart of the Day: Tesla Could Be Accelerating

0
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....

Chart of the Day: Potential Uptrend in DraftKings

0
DraftKings spent four months digesting a strong first half. Now after a rally and pullback, traders may see more upside in the sports-betting stock. The first pattern on today's chart is the August peak of...

Technical Analysis: Can Caterpillar Hold Its Gains?

0
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: Is Caesars Following Travel Stocks Higher?

0
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...

Chart of the Day: Tight Consolidation in Semiconductor Equipment Stock

0
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...
- Advertisement -
Trade in milliseconds

Explore the most actively traded options

Trade 600+ futures products on an advanced platform

LATEST NEWS

MUST READ