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Electric cars have been one of the most explosive industry groups in recent memory, and now traders may have another name to focus on: smart-vehicle maker XPeng. Several patterns stand out on the Guangzhou-based company’s chart. First, prices recently tested and held...
Stocks just had one of their sharpest pullbacks of the year, creating opportunities for investors able to quickly discover opportunities. The screenshot below shows TradeStation's Scanner tool. It's programmed to detect stocks trending upward before the crash that may...
The S&P 500 keeps hitting new highs, but the Russell 2000 small cap index hasn’t been so fortunate. RUT has gone almost four months without a new record level. In contrast, the Dow Jones Industrial Average and Transports haven’t hit a new high in over two months....
This week was cut short by Independence Day. That makes it a good time to view Micron Technology (MU), which seems to have the spirit of 76. The memory-chip maker had a false breakdown below that level on January 27. It quickly rebounded and returned to test $76 three...
Amazon.com has consolidated since last August. Now it may be ready for a breakout, especially with the Nasdaq leading again. Friday’s close of $3,510.98 was AMZN’s second-highest close ever. It was also the highest close since September 2, a potential sign of...
Homebuilders have pulled back following a big rally. Now the chart could be lining up for another move to the upside. The Philadelphia Housing Index has been finding support at its 100-day simple moving average for the last two weeks. It’s also been holding a price...
Dick's Sporting Goods has been running. Now, after a brief pause, it may be ready to keep moving. The first interesting pattern on the daily chart is the price gap on May 26, which DKS recently tested (and partially filled). That resulted from a blowout quarterly...
Tesla's stock could be at critical juncture as investors rotate back to zero-emission stocks like electric cars and solar energy. The chart below shows how TSLA has made three higher lows in the last month. Meanwhile it's pushed against roughly $630, resulting in a...
Snap is an expensive growth stock. It’s the kind of name investors have mostly avoided this year, although recent weeks have seen a shift back to such companies. This chart highlights SNAP’s last four months of consolidation. It isn’t exactly a cup and handle, but...