Monday, April 29, 2024

Technical Analysis: Is This Social Media Stock Overbought After an Earnings Rally?

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Snap had a sharp rally on February 4 after quarterly results beat estimates. But now its longer-term downtrend may be reasserting itself. The first pattern...

Chart of the Day: Is This Gold Mining Giant Headed for a Breakout?

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Last week, we cited the potential breakout in the SPDR Gold ETF. Today’s chart shows a similar pattern in miner Barrick Gold. First, consider the...

Technical Analysis: Amazon.com Bounced After Earnings. Now What?

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Amazon.com rallied sharply on some bullish news last week. But it may face some bearish patterns over the intermediate and longer terms. First, consider the...

The Nasdaq-100 Rebounds After a Brutal January: What Does the Chart Say?

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The Nasdaq-100 has rebounded following a sharp drop. It's a good time to consider where things stand with the tech-heavy index. First, Wednesday's close represented...

Chart of the Day: Is This Forgotten Agricultural Stock Quietly Breaking Out?

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The rise of inflation has investors quietly returning to many commodity-related stocks that were popular 2003-2007. One of them is Bunge. Earlier this month, the...

Silver Attempts a Pre-Fed Breakout: Technical Analysis

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Silver has been dead money since the summer as the U.S. dollar ripped higher. But now it’s attempting a breakout -- despite next week’s...

The S&P 500 Has Gone a Long Time Without Doing This. Will It Bring...

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Most investors know the stock market has enjoyed a powerful rally since mid-2020. But they may not realize it's nearing some historic milestones. The...

Energy Stocks Look Like Technology Did Five Years Ago: Technical Analysis

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2022 has begun with another sharp rotation from growth to value stocks. The SPDR Technology ETF had its biggest weekly drop in over a...

Amazon May Face an Uphill Struggle as 2022 Begins: Chart of the Day

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Believe it or not, Amazon.com is little changed since July 2020. Now it faces an uphill struggle as a new year begins. The first pattern...

Tesla Is Weaving in Its Lane: Chart of the Day

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Tesla has been on anything but autopilot since peaking above $1,240 in early November. The EV giant first made a lower high near $1,200,...
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