So It's doing something here and we've to watch tomorrow morning no date are reporting as of yet
Analysts expect the maker of the Big Mac -- and Dow component -- to report earnings of $1.23 before the opening bell on April 22. After setting an all-time intraday high at $103.70 on April 12, 2013, the stock traded as low as $92.22 on Feb. 5 of this year. McDonald's has been trading back and forth around its 200-day SMA since Aug. 14, with this average now at...
It is currently below its key 50-day moving average as well as the long-term trendline drawn from November 2012 (see Chart 2). That puts it in the midst of a meaningful correction, with a first downside target at support from the Feb. 5 low around 3,968. Adding to its importance, the 200-day average will rise to that level in the next week or so. But bulls, please...
The most documented move has been the S&P 500's drop below the bottom of a two-month trading range under 1,840 (see Chart 1). The rally preceding last week's March non-farm payrolls report turned out to be a false move, or a bull trap, as prices were driven back into the range.Stocks hit the bottom of the range and then rallied after the Fed minutes were released...
Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson, believes eBay is a buy as well, but because of the technicals and because Carl Icahn has invested in the company. "I don't know about the job that the CEO is doing," says Ross. "But, I know about the job that Carl Icahn is doing and I think investors are served well to do...