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As Zoom Video Communications continues to struggle, more bearish patterns have appeared on the chart. First, the recent price action has resulted in a descending triangle , with support around $309. This is a classic continuation pattern, pointing to potentially more...
The fear index is crumbling as one positive story after another hits the market. Cboe's VIX, which measures the cost of hedging the S&P 500, closed at 18.86 on Friday. That was its lowest reading since February 24, 2020, immediately before the coronavirus pandemic...
Railroad operator CSX has squeezed into a tight range for almost five months. Now it may be ready for a breakout. The first pattern jumping off the chart is the ascending triangle with resistance around $95. Prices just started to escape the top yesterday. Also notice...
Most investors know that big Nasdaq stocks have struggled lately. They may be less aware of the carnage in Chinese markets. The iShares China Large-Cap ETF (FXI) has dropped 8 percent so far in March. That puts it on pace for the worst month in the last year. It also...
NCAA basketball is reaching its finale with the baseball season about to start. It's a great time revisit companies with exposure to sports betting. Led by stocks like Penn National Gaming (PENN) and DraftKings (DKNG), sports-betting is a new industry. It was made...
Travelers (TRV) doesn’t get much attention, but maybe it should. The insurance stock trended steadily upward since October. It made a new all-time high above $160 last week when Chubb (CB) bid for Hartford Financial (HIG). TRV quickly pulled back, creating a potential...
Stocks pulled back last week, but there are signs that the bulls remain in control. The S&P 500 fell 0.8 percent, while the Nasdaq-100 slid just 0.5 percent. It was the first time in five weeks that the technology-heavy Nasdaq outperformed the S&P 500. It...
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) were some of the biggest gainers in the Nasdaq-100 last week. That helped push NDX ahead of the...
Tesla appears to be hitting resistance at $700 as sentiment pivots to legacy automakers like General Motors and Volkswagen. This chart highlights a few important patterns on Elon Musk's electric car maker: A trendline that began in May was broken in February. Rather...