Friday, May 3, 2024
Twitter Pulls Back Following a Breakout

This Social Media Stock Has Pulled Back Following a Breakout

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Recent weeks have seen breakouts in smaller social-media stocks like Twitter and Snap , which have both pulled back. Today we’re looking at TWTR...

Tool Makers Form High Basing Patterns as the Economy Recovers: Technical Analysis

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Attention is shifting toward industrials as technology and the Nasdaq struggle. Two companies in the space have potentially bullish patterns: Illinois Tool Works (ITW)...

Tesla Causes QQQ’s Worst Showing in a Generation: This Chart Shows the Dramatic Shift...

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The rotation away from large Nasdaq stocks like Tesla has intensified, resulting in the market's biggest divergence since the dotcom bubble broke a generation...

DraftKings Could Be Attempting a Breakout as Sports Betting Spreads: Technical Analysis

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On bearish days like we’ve had lately, it can be useful to look for stocks lurking near highs because they often break out when...
Chart Study: Ingersoll Rand Has a High Tight Pennant

Technical Analysis: Ingersoll Rand Has a High Tight Pennant

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Industrials have outperformed this year as investors look for the economy to rebound. Ingersoll Rand is a member of that group with some interesting...

Chart Study: Can Nvidia Climb a Wall of Worry?

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Nvidia has gone nowhere since the summer, but now the chart may be lining up for another push to the upside. The first pattern is...

The S&P 500’s Channel Is at Risk: Chart Study

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Two weeks ago, we highlighted some potential topping patterns on the S&P 500 . It's played out as expected, and now attention turns to...

DR Horton Is Bouncing After a Pullback

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Homebuilders have struggled lately as interest rates rose, but the longer-term prospects remain favorable. Today’s chart considers the pullback in DR Horton, the biggest...

Cisco Is Holding Multi-Decade Support: Chart Analysis

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Cisco Systems has gone nowhere for three years, but now the tech stock may be showing signs of life. First, notice the pullback from new...

Tesla Is Lagging as ‘Old Economy’ Stocks Make a Comeback

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Tesla is probably the most prominent stock in the last 12-18 months, surging about 2,000 percent from its peak to trough. But now it...
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