— AMD stock filled the gap and is trying to find support. Here is the trade now. — By Bret Kenwell, TheStreet.com Shares of Advanced Micro Devices (AMD) have been struggling, and the bulls are hoping the stock soon finds its footing. The shares are down four weeks in a row, a streak AMD stock can snap with a 2.4%...
It could have been worse. And at one point, it was. The S&P 500 was down as much as 3% on Thursday before clawing its way back to a more muted loss of 1.45%. Nevertheless, the move left the index below critical technical ceilings, and left the bigger downtrend intact. Take a look. The S&P 500 opened just below its...
It could have been worse. And at one point, it was. The S&P 500 was down as much as 3% on Thursday before clawing its way back to a more muted loss of 1.45%. Nevertheless, the move left the index below critical technical ceilings, and left the bigger downtrend intact. Take a look. The S&P 500 opened just below its...
— FedEx is rallying on its earnings report, but the stock is running into resistance. Here are the must-know levels now. — By Bret Kenwell, TheStreet.com Shares of FedEx (FDX) at last check were up more than 4% following the package-delivery major's better-than-expected earnings report. Of course, it helps that the stock market is enjoying a nice rally on the...
When they absolutely had to, the bulls made their stand. After getting shellacked late last week and early this week — breaking key support levels in the process — the indices managed a bullish session on Wednesday. It was so bullish, in fact, that the S&P 500 bounced back above its last-ditch floor… barely. Wednesday's close of 3878.44 was just...
When they absolutely had to, the bulls made their stand. After getting shellacked late last week and early this week — breaking key support levels in the process — the indices managed a bullish session on Wednesday. It was so bullish, in fact, that the S&P 500 bounced back above its last-ditch floor… barely. Wednesday's close of 3878.44 was just...
— Wells Fargo stock is below most of its support levels but is hanging onto one area. Here's what happens if it holds — and if it doesn't. — By Bret Kenwell, TheStreet.com When volatility picks up, some trading desks do quite well. J.P. Morgan (JPM) and Goldman Sachs (GS) tend to be pretty good at it. But the banking...
The sellers were finally easing up late Friday. But, by then it was too late. The S&P 500 finished last week in the red to the tune of 1.8%, and following through on the prior week's bearish reversal. The move dragged most of the indices under multiple technical support levels. There's still a fighting chance the market could recover here....
The sellers were finally easing up late Friday. But, by then it was too late. The S&P 500 finished last week in the red to the tune of 1.8%, and following through on the prior week's bearish reversal. The move dragged most of the indices under multiple technical support levels. There's still a fighting chance the market could recover here....
— Pfizer and Moderna stocks are breaking out to the upside. Here's how to trade both names now, even as the market swoons. — By Bret Kenwell, TheStreet.com Drug stocks have been on fire lately, and over the past few weeks, the two leading covid-19 vaccine makers, Pfizer (PFE) and Moderna (MRNA), have surged Moderna rallied more than 19% on...
