Saturday, December 9, 2023

Technical Analysis: Don’t Forget About Chip Stocks

The Nasdaq is trying to stabilize, which could draw buyers back to semiconductors. Chip stocks like NXP Semiconductors (NXPI), Broadcom (AVGO) and Lam Research (LRCX)...
Chart Study: Ingersoll Rand Has a High Tight Pennant

Technical Analysis: Ingersoll Rand Has a High Tight Pennant

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

Apple Is Barely Holding Support. Should the Bulls Worry?

Apple rallied in December after holding $120. Now it’s back and threatening to break support at that level. The price action is part of the...

This Traditional Retailer Has Pulled Back Following a Sharp Rally: Technical Analysis

Macy's has screamed higher since November, and now may be offering the bulls another entry. The first major pattern on the retailer's chart is the...

Technical Alert: Death Cross in Netflix

The economy is reopening. People are going back to work. It's great news for a lot of stocks, but Netflix isn't one of them. Today,...

Nike Could Be Trying to Break Out Before Earnings

Nike has taken a long pause, but now the sneaker giant may be trying to break out with earnings due Thursday afternoon. NKE beat estimates...

Small Cap Index Is Holding a Potentially Key Level: Chart Study

The Russell 2000 ETF (IWM) had a strong move coming out of the vaccine news in November. It’s been consolidating for the last two...

E-Commerce Giant Struggles After Bearish Price Gap: Chart of the Day

0 rallied into its last earnings report, and crashed on a very weak outlook. Now traders may need to mind the price gap that...

Gold Miner ETF May Be Hitting a Bearish Trend Line

Gold miners are one of the worst-performing corners of the market this year. They've bounced recently, creating a potential opportunity for the bears. This chart...

Another Healthy Pullback in General Motors: Chart Study

General Motors continues to push higher as investors embrace value stocks and the cyclical recovery. Once again the chart is giving some potential signals. First,...
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