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...
The S&P 500 is up about 23 percent this year, but Tesla has turned red again.
The first pattern on today’s chart is the $248.48 level were TSLA ended 2023. The EV maker managed to tick above that level in July and late September. But last week it returned decisively below it.
The stock also made a lower monthly high, which is potentially consistent with a...
Seagate Technology has been climbing for more than a year, and now some traders may see potential for a breakout.
The first pattern on today’s chart is the $104.76 level, a closing peak in late August. The data-storage stock tested and held it this week. Has old resistance become new support?
Second, that same price area is also near a 50 percent retracement of...
Applied Digital rallied sharply last month. Now, after a pullback, some traders may look for potential continuation.
The first pattern on today’s chart is the bullish gap on September 5 after Nvidia NASDAQ:NVDA participated in a $160 million funding round. That event boosted overall activity in the name, roughly tripling its average daily volume. TradeStation...
Palo Alto Networks has been rangebound most of the year, but now the cybersecurity firm could be breaking out.
The first pattern on today’s chart is the series of lower highs since August 20. PANW pushed against that trendline last week and broke it on Tuesday.
Second, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day...
Ford Motor fell sharply over the summer, and now traders may think it will keep skidding lower.
The first pattern on today’s chart is the bearish gap on July 25 after earnings and revenue missed estimates. That potentially reflects concerns about its growth and profitability.
Next, F's 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA...
The Nasdaq-100 has lagged the S&P 500 since the summer, but some traders may look for it to catch up in coming weeks.
The first pattern on today’s chart is the August 23 weekly close of 19,721. NDX tested and held that level last week, potentially turning old resistance into new support.
Second, MACD and the 21-day exponential moving average are rising. Those...
