By Melanie Schaffer, Benzinga Amazon.com, Ark Innovation ETF and GameStop Corporation are all trading higher in strong uptrends. An uptrend occurs when a stock consistently makes a series of higher highs and higher lows on the chart. The higher highs indicate the bulls are in control, while the intermittent higher lows indicate consolidation periods. Traders can use moving averages to...
What started out as another good week for the market — a third straight week of gains that could have rekindled the bigger bullish trend — didn't end that way. It didn't even come close to ending that way. Rather, when push came to shove as the week wound down, it was the sellers doing all the shoving. The market's...
What started out as another good week for the market — a third straight week of gains that could have rekindled the bigger bullish trend — didn't end that way. It didn't even come close to ending that way. Rather, when push came to shove as the week wound down, it was the sellers doing all the shoving. The market's...
— Meta stock is ripping higher today. Was this week the bottom? Let's look at the chart. — By Bret Kenwell, TheStreet.com It has not been a fun ride for Meta (FB) lately, with shares getting decimated after reporting earnings. Meta reported after the close on Feb. 2. From that day's high to the recent low, shares were down 34%....
Following through on the reversal effort made two weeks ago, the market eked out another gain last week despite Thursday's drubbing. At the very least stocks backed away from the edge of the cliff, and back to within sight of key technical ceilings. More upside is hardly a foregone conclusion though. Those ceilings still stand in the way, and it's...
Following through on the reversal effort made two weeks ago, the market eked out another gain last week despite Thursday's drubbing. At the very least stocks backed away from the edge of the cliff, and back to within sight of key technical ceilings. More upside is hardly a foregone conclusion though. Those ceilings still stand in the way, and it's...
— Here are the major support and resistance areas to know for Amazon stock ahead of the tech and online-retail giant's earnings. — By Bret Kenwell, TheStreet.com Coming into Amazon's (AMZN) earnings report, the shares have been the clear laggard within the FAANG group. Investors' reactions, however, have varied widely. Netflix (NFLX) plunged on its results, falling more than 20%...
Following January's sizeable losses for the broad market, it would be easy to be concerned about what's coming the rest of the year. While it shouldn't matter, perceptions are powerful. It would be very easy for investors to presume things are going to be bearish this year, after the tone set in January. Lackluster jobs figures only underscore the prospect...
Following January's sizeable losses for the broad market, it would be easy to be concerned about what's coming the rest of the year. While it shouldn't matter, perceptions are powerful. It would be very easy for investors to presume things are going to be bearish this year, after the tone set in January. Lackluster jobs figures only underscore the prospect...
— AMD is set to report earnings on Tuesday after the close. Here's what the chart says now — By Bret Kenwell, TheStreet.com Advanced Micro Devices (AMD) is ripping higher on Monday, following some of the late-day buying that gave it a big boost on Friday. For what it's worth, Nvidia (NVDA) also ripping higher in the session, while tech...
