The half-hearted recovery effort that took shape in the early part of last week just wasn't enough. By the time Friday's closing bell rang, the S&P 500 had made a lower low for the week, and a lower high, and for the second consecutive week booked a loss. The index also inched back below a pivotal moving average line, with...
The half-hearted recovery effort that took shape in the early part of last week just wasn't enough. By the time Friday's closing bell rang, the S&P 500 had made a lower low for the week, and a lower high, and for the second consecutive week booked a loss. The index also inched back below a pivotal moving average line, with...
— Call options' open interest is on the rise. — By Gordon Scott, Investopedia Investors have bid down the share prices of Pfizer Inc. (PFE) after the company announced earnings results for the fiscal fourth quarter. After reaching a 52-week high in late December 2021, Pfizer shares slid to start 2022. Analysts had expected the pharmaceutical giant to announce $0.85...
— Roku stock will be in the spotlight when it reports earnings. Here are the key levels to know now. — By Bret Kenwell, TheStreet.com Investors don't need much more evidence than they've already got that we're in a bear market in growth stocks. And Roku (ROKU) shares have been caught up in the pressure. The streaming-equipment major's shares are...
David Einhorn's Greenlight Capital purchased 1,000 put contracts of Tesla during the fourth quarter in a bet the stock would trade lower. Smart money has begun to position itself into Nio, which demonstrates investors may believe the China-based EV manufacturer has more room to trade higher. By Melanie Schaffer, Benzinga Nio, Inc (NIO) and Tesla, Inc. (TSLA) are trading between...
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...
