Thermo Fisher Scientific Inc. (TMO) is currently experiencing a mixed financial and market performance. Here is a technical analysis of the stock as of November 2024:
1. **Recent Performance**: TMO's Q3 2024 earnings per share (EPS) came in at $5.28, slightly exceeding analyst estimates of $5.25, with revenues of $10.60 billion, marginally below the $10.63...
Scan (MACD()."Value" crosses above MACD()."Avg") + Volume over 1M
When the "MACD().Value" crosses above the "MACD().Avg" (also called the "Signal Line"), it indicates a potential bullish signal, suggesting that the price momentum is shifting upwards and could be entering a new uptrend, awaiting confirmation (next candle).
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MicroStrategy shares jumped 26% after a $2 billion Bitcoin buy, raising total holdings to over $24 billion. The stock surged 960% since October 2023, hitting a 24-year high as Bitcoin neared $90,000. MicroStrategy has accumulated 279,420 BTC as a hedge against inflation, influencing other companies to adopt similar strategies.
I’ve been closely monitoring AZN, which has been trading on the upside for a while now. Given the recent momentum, it appears to be approaching a point where a downward move could be imminent. I believe the stock might be ready to take a dip, presenting a potential opportunity for a downside play.
