Royal Caribbean hit an all-time high four weeks ago, but it’s been sliding since.
The first pattern on today’s chart is the series of lower highs since January 31. Notice how each followed a tepid uptrend that failed to hold. The last may be viewed as a bearish flag within the context of a new short-term downtrend.
Speaking of short-term downtrends, the 8-day...
Schlumberger has been sliding for more than a year, and some traders may see further downside risk.
The first pattern on today’s chart is the series of higher lows between mid-December and early January. The oilfield-services company dipped below the line in late January and spent all of February below it. That may be viewed as a bear flag breakdown.
Second, SLB...
Believe it or not, healthcare is the top performing sector so far in 2025. (It’s up about 9 percent, according to TradeStation data. That puts it fractionally ahead of financials.)
Today’s chart of the SPDR Select Sector Health Care ETF highlights some potentially interesting patterns.
First is the rally from January 3 (first Friday of the year) through...
Goldman Sachs hit a new high two weeks ago, and some traders may see opportunities in its latest pullback.
The first pattern on today’s chart is the November high around $613. The Wall Street giant is apparently stabilizing at that level. Has old resistance become new support?
Second, stochastics have dipped to an oversold condition.
Third, GS gapped higher...
Adobe trended lower most of 2024, and now some traders may expect another push to the downside.
The first pattern on today’s chart is the series of higher lows since mid-January. The software company recently slid below that line, which may be viewed as a bear flag breakdown.
Second, bearish gaps after the last two earnings reports could reflect weak...
Nucor has trended lower since April, and some traders may expect another push to the downside.
The first pattern on today’s chart is the November 6 gap after Donald Trump was reelected U.S. President. The steelmaker failed to hold that bounce and proceeded to a new 52-week low by early January. It then rebounded and may have made a lower high.
Next, prices are...
Healthcare is the leading sector so far this year, and some traders may see opportunity in hospital operator HCA Healthcare.
Today’s weekly chart considers the all-time high above $410 in October, followed by a substantial pullback. Prices stabilized early this year around $290 (near the low from last April) before bouncing. The stock also based around an earlier...
Applied Materials has struggled since the summer and some traders may see further downside in the provider of chip equipment.
The first pattern on today’s chart is the series of higher lows between late December and mid-February. Earnings beat estimates on February 13, but conservative guidance pushed the stock below that line. The result is a potential bear-flag...
Microsoft has sputtered for months, and now some traders may see downside risk.
The first pattern on today’s chart is the pair of bearish gaps after earnings.
The software giant rebounded quickly in November, returning above its 21-day exponential moving average (EMA) and 200-day simple moving average (SMA).
Contrast that with January 30’s drop, when prices...
Vistra fell in January because of DeepSeek. It quickly rebounded and now some traders may expect its longer-term uptrend to continue.
The first pattern on today’s chart is the rally between the low of January 27 and the high of January 30. The nuclear-power company has held above a 50 percent retracement of that bounce, which may confirm buyers remain in...
Lam Research has consolidated after dropping in July, but now traders may think the chip-equipment stock is coming back to life.
The first pattern on today’s chart is the weekly close of $84.74 from August 23. LRCX tried to break that level in September and October without success. But the stock closed above it yesterday as the broader Nasdaq-100 climbed. Is it...
The Nasdaq-100 has consolidated for about two months, and now some traders may expect a breakout.
The first pattern on today’s chart is Friday’s candle. It represented an intraday all-time high, a daily closing high and a weekly closing high. Could those new highs lead to more new highs?
Next, a series of support levels have held since mid-January. The index...
The SPDR Energy Select Sector ETF has wavered for almost a year, and some traders may expect a push to the downside.
The first pattern on today’s chart is the series of lower highs since mid-November. December also saw a lower low versus September. That may reflect a bearish longer-term trend.
Next, the 50-day simple moving average (SMA) had a “death cross”...
Vertex Pharmaceuticals ended January with a big rally. Now, after a pullback, some traders may see an opportunity.
The first pattern on today’s chart is the price gap on January 31 after the FDA approved its Journavx painkiller. (It’s the first of its kind to treat pain in a unique way without addiction risks.) The stock has retraced the surge, which may appeal...
Salesforce broke out in November. Now, after a period of consolidation, some traders may see potential for more upside in the software giant.
The first pattern on today’s chart is the March 2024 high of $318.71. CRM probed that level after the election and again in January. Prices have returned to it this week. Will old resistance become new support?
Second, the...
Micron Technology plunged two weeks ago when China’s DeepSeek model disrupted Silicon Valley. But some traders may see potential for a rebound.
The first pattern on today’s chart is the gap from Monday, January 27. Does that empty space create potential for prices to fill?
Second is the September 12 low at $84.12. MU remained above the level despite the DeepSeek...
Many of the biggest technology names have struggled lately, but Keysight Technologies could be attempting a breakout.
The first pattern on today’s chart is the July 2023 peak of $172.72. The provider of network-testing equipment ended January making a new 52-week high above that level, which may suggest buyers are taking control.
Second, the 50-day simple moving...
McDonald’s has slid for about three months, but it may be attempting a breakout as earnings loom.
The first pattern on today’s chart is the series of lower highs since October. MCD pushed above that falling trendline in late January and has stayed above it since. That may suggest an intermediate-term decline has ended.
Second is the August 16 weekly close of...
