Hewlett Packard Enterprise rallied in September, and some traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the August 30 high of $19.57 level. HPE jumped above this level on September 25 thanks to a Barclays upgrade. Prices have now come back to test the old high and the bullish gap. Can it turn old resistance into new...
Nike has been under pressure since late 2023, and now some traders may look for bearish momentum into year-end.
The first pattern on today's chart is the price area around $88.66. The athletic-apparel stock bottomed there in September 2023 and April 2024. It peaked in the same zone last month before dropping. Has old support become new resistance?
Second is the...
Dicks Sporting Goods began the year with a breakout to new highs. Now, after a long period of consolidation, some traders may see potential for another push to the upside.
The first pattern on today’s chart is the rally in the first quarter, plus two bullish earnings gaps. Results also beat estimates in September but the stock failed to advance. Those patterns...
Steel Dynamics slid in recent quarters, but now it may be going the other way.
The first pattern on today’s chart is the series of lower highs between April and September. The steelmaker began October by pushing above that falling trendline, which may suggest its intermediate-term decline has ceased.
The rebound also returned STLD back above its 200-day simple...
The Russell 2000 small cap index made a cameo appearance in the bull camp during the summer. Now, some traders might think it’s back for an encore.
The first pattern on today’s chart is July 16’s last price at 2,264. RUT ended yesterday above it, representing the highest close in almost three years.
Second, a series of higher lows may reflect accumulation by...
Halliburton tried to rally in late September and early October. However, some traders may see evidence of a downtrend.
The first pattern on today’s chart is the bearish-flag breakdown early last month. The oil-field service provider hit a 23-month low soon after, contrasting with the upward path of the broader market. That’s a potential sign of negative...
Block ran dramatically during the pandemic. Now, following a long rest, some traders may see upside potential.
The first pattern on today’s chart is the series of lower highs between March and August. SQ has pushed above this resistance in the last month, which could suggest its downtrend is broken.
Second you have the low in June, a lower low in August and a...
The S&P 500 is up about 23 percent this year, but Tesla has turned red again.
The first pattern on today’s chart is the $248.48 level were TSLA ended 2023. The EV maker managed to tick above that level in July and late September. But last week it returned decisively below it.
The stock also made a lower monthly high, which is potentially consistent with a...
Seagate Technology has been climbing for more than a year, and now some traders may see potential for a breakout.
The first pattern on today’s chart is the $104.76 level, a closing peak in late August. The data-storage stock tested and held it this week. Has old resistance become new support?
Second, that same price area is also near a 50 percent retracement of...
Applied Digital rallied sharply last month. Now, after a pullback, some traders may look for potential continuation.
The first pattern on today’s chart is the bullish gap on September 5 after Nvidia NASDAQ:NVDA participated in a $160 million funding round. That event boosted overall activity in the name, roughly tripling its average daily volume. TradeStation...
Palo Alto Networks has been rangebound most of the year, but now the cybersecurity firm could be breaking out.
The first pattern on today’s chart is the series of lower highs since August 20. PANW pushed against that trendline last week and broke it on Tuesday.
Second, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day...
Ford Motor fell sharply over the summer, and now traders may think it will keep skidding lower.
The first pattern on today’s chart is the bearish gap on July 25 after earnings and revenue missed estimates. That potentially reflects concerns about its growth and profitability.
Next, F's 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA...
The Nasdaq-100 has lagged the S&P 500 since the summer, but some traders may look for it to catch up in coming weeks.
The first pattern on today’s chart is the August 23 weekly close of 19,721. NDX tested and held that level last week, potentially turning old resistance into new support.
Second, MACD and the 21-day exponential moving average are rising. Those...
Broadcom has been one of the top-performing large cap stocks this year. Now, after a period of consolidation, some traders may see potential for further upside.
The first pattern on today’s chart is the August 19 close of $167.71. AVGO initially stalled at this level and struggled to cross it in the first half of September. But it broke out later in September,...
Adobe has been struggling all year, and some traders may think the software stock has space to the downside.
The first pattern on today’s chart is the series of lower highs since September 13. ADBE dipped below its subsequent low this week, potentially breaking a bearish descending triangle.
Next, the triangle followed a sharp gap lower after guidance...
Treasury yields have been sliding since April. Now, after a two-month pause, some traders may see further downside.
The first pattern on today’s chart is the series of lower highs since mid-July. TNX could be stalling at the same resistance, potentially confirming the downtrend.
Second is the December low around 3.785. Yields tried to hold that level in August...
Harmony Gold Mining rallied sharply in March and April. Now, after a period of consolidation, some traders may see potential for a breakout.
The first pattern on today’s chart is the range between $8.50 and $11. Prices are nearing the upper level. A close above may confirm resistance is fading.
Second is the series of higher weekly lows since mid-June. Those...
Apple could be stair-stepping toward a potential breakout as a big month approaches.
The first pattern on today’s chart is the pair of rallies and pullbacks since early August. Both times the smart-phone giant bounced at a 50 percent retracement of the upward move. (See the green arrows.) Does that reflect the presence of an uptrend?
Next, AAPL is holding above...
