Air Products & Chemicals jumped last month. Now some traders may see opportunities in its recent pullback.
The first pattern on today’s chart is the bullish gap on October 7 amid reports that activist investor Mantle Ridge had taken a stake. The provider of industrial gases continued upward and made an all-time high two weeks later.
It then pulled back to hold...
Fiber-optic stock Corning has accelerated since the spring thanks to AI demand. Some trend followers may see an opportunity in its latest pullback.
The first pattern on today’s chart is the series of higher lows since August. The 8-day exponential moving average (EMA) has remained above the 21-day EMA for most of that time, which may confirm its uptrend.
Second...
Utility stock Vistra has been an unexpected beneficiary of the AI boom as datacenters gobble up electricity. It’s pulled back recently, and some traders may see an opportunity to follow its uptrend.
The first pattern on today’s chart is the breakout to new highs in late September and early October. Part of that surge resulted from Constellation Energy, a fellow...
CF Industries has moved sideway for almost two years, but some traders may think the fertilizer stock is bottoming.
The first pattern on today’s chart is the rally between September 11 and October 4. That move established a new 52-week high. It was followed by a pullback to the September 20 weekly close of $81.61, where CF bounced.
Second, a falling trendline...
Chipotle Mexican Grill has been rallying for years, but some traders may think the uptrend is ending.
The first pattern on today’s chart is the series of higher highs and higher lows since August. Coming after a big slide in July, that channel could be viewed as a bearish flag.
Second, this week’s drop after quarterly results may result in a breakdown from that...
The recent rise in Treasury yields has caused some worry among stock investors. However there could be reason to think the move is ending.
Today’s chart of the 10-year Treasury note yield uses two-week candles to provide a longer-term view. It highlights the 4.324 percent level, which was a peak back in June 2008 that became important again in October 2022. TNX...
Applied Materials has struggled since the summer, but some traders may think the chip-equipment stock has rebound potential.
The first pattern on today’s chart is the sharp drop on October 15 after industry peer ASML issued weak guidance. AMAT kept sliding for more than a week before trying to stabilize and make a higher monthly low relative to August and...
JD.com jumped recently, and some traders may see potential for further upside.
The first pattern on today’s chart is the dramatic rally between September 20 and October 7. The Chinese e-commerce company has shown signs of stabilizing above a 50 percent retracement of the surge, which may confirm its direction is now pointing higher.
Second, the pair of weekly...
Bears could be shopping at Home Depot as interest rates rise.
The first pattern on today’s chart is the $420.61 level. That’s where the home-improvement chain peaked in late 2021. It pushed slightly above that price area this month before reversing lower. Some traders may view that false breakout as a potential reversal pattern.
HD fell sharply about a week...
Goldman Sachs broke out to record highs earlier this month, and some traders may think the investment bank will keep running.
The first pattern on today’s chart is the large candle on October 15 after quarterly results beat estimates.
Next, you have that session’s low at $515.51. Also notice the price zone around $510-515 where GS peaked in August and...
The S&P 500 has had a dramatic run, with gains in the last six weeks and 10 of the last 11 months. But will the run continue?
The first pattern on today’s chart is last week’s low around 5804. The index crossed under it and stayed there yesterday, producing a lower low on the weekly chart. Ending the week below that level could resemble moments like late-July or...
Hewlett Packard Enterprise rallied in September, and some traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the August 30 high of $19.57 level. HPE jumped above this level on September 25 thanks to a Barclays upgrade. Prices have now come back to test the old high and the bullish gap. Can it turn old resistance into new...
Nike has been under pressure since late 2023, and now some traders may look for bearish momentum into year-end.
The first pattern on today's chart is the price area around $88.66. The athletic-apparel stock bottomed there in September 2023 and April 2024. It peaked in the same zone last month before dropping. Has old support become new resistance?
Second is the...
Dicks Sporting Goods began the year with a breakout to new highs. Now, after a long period of consolidation, some traders may see potential for another push to the upside.
The first pattern on today’s chart is the rally in the first quarter, plus two bullish earnings gaps. Results also beat estimates in September but the stock failed to advance. Those patterns...
Steel Dynamics slid in recent quarters, but now it may be going the other way.
The first pattern on today’s chart is the series of lower highs between April and September. The steelmaker began October by pushing above that falling trendline, which may suggest its intermediate-term decline has ceased.
The rebound also returned STLD back above its 200-day simple...
The Russell 2000 small cap index made a cameo appearance in the bull camp during the summer. Now, some traders might think it’s back for an encore.
The first pattern on today’s chart is July 16’s last price at 2,264. RUT ended yesterday above it, representing the highest close in almost three years.
Second, a series of higher lows may reflect accumulation by...
Halliburton tried to rally in late September and early October. However, some traders may see evidence of a downtrend.
The first pattern on today’s chart is the bearish-flag breakdown early last month. The oil-field service provider hit a 23-month low soon after, contrasting with the upward path of the broader market. That’s a potential sign of negative...
Block ran dramatically during the pandemic. Now, following a long rest, some traders may see upside potential.
The first pattern on today’s chart is the series of lower highs between March and August. SQ has pushed above this resistance in the last month, which could suggest its downtrend is broken.
Second you have the low in June, a lower low in August and a...
