— AMC Entertainment is giving up almost all of its post-earnings gains. Is it a buy or sell here? The chart has a pretty clear roadmap. — By Bret Kenwell, TheStreet.com Despite all the volatility that AMC Entertainment (AMC) has been known for, shares were up just 1.5% on Tuesday after reporting earnings. However, at one point the stock was...
It wasn't pretty, easy, or impressive, but stocks logged yet-another move into record high territory last week. All told, the S&P 500 tacked on gains of just under 1% over the course of the prior five trading days to close at 4436.52 on Friday. A great jobs report for July helped things end on a high note. Will it continue?...
It wasn't pretty, easy, or impressive, but stocks logged yet-another move into record high territory last week. All told, the S&P 500 tacked on gains of just under 1% over the course of the prior five trading days to close at 4436.52 on Friday. A great jobs report for July helped things end on a high note. Will it continue?...
— DraftKings stock is rallying on Friday but struggling for momentum against key resistance. Here's the setup to know now. — By Bret Kenwell, TheStreet.com DraftKings (DKNG) shares have struggled to maintain momentum on Friday but were rising about 2% on the day after reporting earnings. Shares initially opened higher by 4.5% and climbed as high as 6.5% in early...
By Lizzy Gurdus, CNBC Etsy's stock has a difficult road ahead, according to two traders. Shares of the e-commerce company are down 11% since Wednesday afternoon's earnings report, in which Etsy issued weaker-than-anticipated guidance that suggested online retail activity was slowing. Dueling analyst calls accentuated the uncertainty around Etsy's future. Morgan Stanley upgraded Etsy on Thursday to equal weight on...
The things we've been complaining about for a while now? We're still going to complain about them now. Namely, the rally remains unhealthily imbalanced. We're starting to see some sector rotation effort, however, that just might tip things over and finally bring about a long overdue corrective move. First things first. The graphic below will be a relatively familiar one...
The things we've been complaining about for a while now? We're still going to complain about them now. Namely, the rally remains unhealthily imbalanced. We're starting to see some sector rotation effort, however, that just might tip things over and finally bring about a long overdue corrective move. First things first. The graphic below will be a relatively familiar one...
By Lizzy Gurdus, CNBC Materials stocks may be flashing a warning signal. A recent reversal in the S&P 500 basic materials index could mean growth is about to hit a wall, Miller Tabak's chief market strategist, Matt Maley, told CNBC's "Trading Nation" on Tuesday. "From March 2020 until May of this year, the materials stocks outperformed in a major way,"...
— Alibaba stock desperately needs to reclaim a key level of support, but so far it hasn't been able to. Let's look at the charts. — By Bret Kenwell, TheStreet.com For the moment, Alibaba (BABA) shares have been avoiding a big breakdown. But the stock isn't really giving bulls what they were looking for when it comes to earnings. The...
The selling was anything but brutal, but the bears held the lines they absolutely had to hold of they wanted to keep this rally from starting its next bullish leg. The bulls still have a chance, mind you… a good chance. Indeed, both of the key indices are holding above all the major support levels we referenced last week. Things...
