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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 on December 21, eliciting a wave of bullish analyst notes. However the stock rallied before the report, and proceeded to ease...
Most of the Nasdaq took a beating lately, but not Alphabet . The parent of Google and YouTube has been standing tall since its bullish quarterly numbers on February 2. The report planted the stock above $2,000, and it's held that bullish price gap since. Apple,...
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 ongoing technical weakness in the smart-phone giant. It had a false breakout in January and a trend-line failure last month....
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 . Jack Dorsey’s microblogging service didn’t only beat earnings and revenue estimates on February 9. It also showed...
Attention is shifting toward industrials as technology and the Nasdaq struggle. Two companies in the space have potentially bullish patterns: Illinois Tool Works (ITW) and Stanley Black & Decker (SWK). ITW is the larger company with a market cap of about $68...
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 ago. Here's a weekly chart of the Invesco QQQ Trust (QQQ). The lower study shows its relative strength versus...
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 calm returns. DraftKings seems to fit that bill. First, consider how the sports-betting stock formed a large bullish ascending triangle...
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 patterns. First, notice how IR surged to a new all-time high last week. It’s now pulled back to hold its earlier...
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 series of higher lows beginning in early January, plus a new all-time high in February. Next, the most recent low of around $528 is...