Exact Sciences jumped on strong earnings two weeks ago, and some traders may think the oncology stock has further upside.
The first pattern on today’s chart is the bullish price gap on May 2 after results beat estimates. Prices apparently broke a falling trendline in the process.
EXAS then consolidated before ending yesterday at a three-month high. Is it getting...
The SPDR Select Sector Energy ETF has been plagued by some long-term negatives, but some traders may see those issues becoming more positive.
Today’s idea uses two-week candles to give a long-term view. The first key pattern is the 2023 low of $75.36, which XLE tested and held during last month’s tariff panic. That may suggest support is in place.
Second, the...
Alcoa has been falling since Thanksgiving, but some traders may think the aluminum stock has bottomed.
The first pattern on today’s chart is the April 9 high of $26.67. AA was trapped under that level for a month but yesterday it closed above it for the first time. Is the old resistance broken?
Second is the series of higher lows during the period of bottoming....
The VanEck Gold Miners ETF had a major breakout in March, but some traders may think it’s getting fatigued.
The first pattern on today’s chart is the series of candles on April 16-22. Those bars occurred at the highest levels in almost four years. They’re also solid, illustrating that price wasn't able to hold the peaks.
Second, GDX fell sharply afterwards and...
Spotify Technology has climbed steadily for several quarters, and now some traders may think it’s ready to extend the uptrend.
The first pattern on today’s chart is the new high in mid-February, followed by a double bottom on March 10 and April 7. The resulting W formation may signal continuation of the longer-term advance.
Second, SPOT just closed above its...
Best Buy has rebounded from last month’s sharp drop, but some traders may expect another push to the downside.
The first pattern on today’s chart is the price zone between $67.16 and $73.28. That matches the bearish price gap on April 3, one day after hefty tariffs were announced.
The electronics retailer’s recent peak has also occurred at its trough last May,...
Tesla has been rangebound for the last two months, and some traders may think it’s running out of road.
The first pattern on today’s chart is the March high of $291.85. The EV maker peaked around the same level in late April and remains stuck there again in early May. That may suggest resistance is in place. Will traders look for a return to the recent lows under...
Automatic Data Processing has moved sideways since the autumn, and now some traders may think it’s ready to move.
The first pattern on today’s chart is the series of lower highs since early March. The payrolls-processing company closed above that falling trendline on Friday, which may suggest it’s breaking resistance.
Next, prices tested and held their rising...
Nvidia has been rebounding along with the broader market, and some traders may think it’s getting ready to accelerate.
The first pattern on today’s chart is the April 9 high of $115.10. The chip giant has challenged that level in the last two sessions. A close above that resistance may be viewed as confirmation of a breakout.
Second is the series of lower highs...
Bank of America has rebounded sharply in recent weeks, but some traders may expect a move to the downside.
The first pattern on today’s chart is the series of lower highs since March 3. Combined with the low in early April, a falling channel may have formed.
Second is the price zone between roughly $39 and $40, which represents a basing area March 10-13. BAC is...
Harmony Gold has been rallying this year along with precious metals, and now some traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the price area around $15.50. It’s near the April 2 high and a 50 percent retracement of the rally following the March breakout. HMY probed that zone yesterday and held it. Is new support...
Seagate Technology has rallied sharply in recent weeks, but some traders may think the data-storage company is overbought.
The first pattern on today’s chart is the March low of $82.88. STX plunged three sessions later after tariffs were announced. Prices have returned to that level and now seem to be stalling. Has old support become new resistance?
Next,...
Axon Enterprise has been climbing since last summer, and some traders may think its uptrend remains intact.
The first pattern on today’s chart is the tight consolidation pattern since February. The broader market revisited prices from a year prior, but the law-enforcement IT company never broke levels from just three months earlier. That shallower pullback may...
Monday.com has drifted for the last year, but some traders may think the business-software company is ready to start moving.
The first pattern on today’s chart is the bullish price gap on February 10 after earnings, revenue and guidance beat estimates. The shares touched their highest level since late 2021, only to decline with the broader market.
However, the...
Palantir Technologies has been consolidating as the broader market struggled, and some traders may look for its uptrend to continue.
The first pattern on today’s chart is the February 24 high of $99.01. PLTR peaked near that level in late March and again last week. However the stock cleared the resistance yesterday, which may signal a breakout.
Second, prices...
Okta has been quietly fighting higher, and some traders may see opportunity in its latest pullback.
The first pattern on today’s chart is the series of higher weekly lows since November. That contrasts sharply with the S&P 500 and Nasdaq-100, which have made lower weekly lows.
Second, the 50-day simple moving average (SMA) began the year by rising above the...
StoneCo has been stuck in a range since crashing in 2021, but some traders may think it’s turning back to the upside.
The first pattern on today’s chart is the series of lower highs since early last year. Prices have apparently broken that falling trendline.
Second, the Brazilian fintech jumped on a strong quarterly report last month and continued higher after a...
The SPDR Select Sector Industrial ETF dropped in early April, and some traders may expect another push to the downside.
The first pattern on today’s chart is the March 13 low of $128.26. XLI peaked $0.44 under that level this month, which may suggest old support has become new resistance.
Second, the 50-day simple moving average (SMA) recently had a “death...
