Category: Company Chart Analysis
The analysis published under this category are as follows.
Monday, July 11, 2011
These Stocks Will Shine Through the Bulls and Bears Standoff / Companies / Company Chart Analysis
By: Money_Morning
Jon D. Markman writes:
Market bulls and bears are at a standoff as global economic recovery struggles - but not all stocks are in danger of slipping.
Major U.S. stock indexes inched higher by 0.5% to 1.5% over the past week as optimism that companies will report higher second-quarter profits outweighed fears that job growth is crashing. But the final day of the week was a downer, with losses across the board and across the world following a terrible report on U.S. employment.
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Monday, June 20, 2011
What the 200 Day Moving Average Could Mean For Leading Stocks / Companies / Company Chart Analysis
By: David_Grandey
There are numerous leaders that have tagged the 200 day average and holding. This is typical in market corrections. What we’ll want to see is if these names can now go range bound and build all new bases over the next 3-6 months.
So lets take a look at a few examples of this from the past as to why we are interested in the 200 day moving average.
Thursday, June 16, 2011
U.S. Steel Near End of Bear Phase? / Companies / Company Chart Analysis
By: Mike_Paulenoff
The euro is collapsing and taking US equities with it. Nonetheless, let's have a look at the pattern that is developing in U.S. Steel (NYSE: X).
The most salient aspect to the enclosed chart of X is the week-long, bottoming-type price action between 42.00 (roughly) and 44.00. This is occurring 35% beneath the Feb high and after a stair-step decline that has the requisite number of legs to be deemed complete.
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Monday, June 13, 2011
Exxon Oil Stock Under Pressure / Companies / Company Chart Analysis
By: Mike_Paulenoff
The big kahuna of integrated oils is looking very toppy and very heavy. As we speak, Exxon Mobil (XOM) is under pressure that is probing key support between 80.00 and 78.80, which if violated should trigger downside continuation towards a test of its sharply rising 200 DMA, now at 75.54.
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Wednesday, May 04, 2011
Rally Expected in Goldman Sachs / Companies / Company Chart Analysis
By: Mike_Paulenoff
Since its January high at 175.34, Goldman Sachs (GS) has carved out a descending stairstep pattern that is starting to exhibit the right form of a completed correction, both in terms of its double April low at 149.55/64 and in terms of its 33-38 trading day cyclic cadence (low to low).
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Sunday, May 01, 2011
ISRG Setting Up For A Potential Move Higher / Companies / Company Chart Analysis
By: David_Grandey
We’ve spent a fair amount of time on Pullbacks Off High’s (POH) chart patterns and one look below at ISRG pretty much tells the story. Keep in mind this name is prone to 3-5 point mood swings on a daily basis. That works for you and against you.
For us a big part of our success around here has been that of the Pullback Off Highs (POH) longside trade set ups of leading stocks in clearly defined uptrends. It’s really the only pattern you’ll ever need to know in uptrending markets.
Tuesday, April 26, 2011
Bank of America Unfinished on Downside / Companies / Company Chart Analysis
By: Mike_Paulenoff
My near-term and 6-month pattern and momentum work on Bank of America (BAC) indicate that the price structure has some unfinished business on the downside prior to embarking on a sustainable rally period.
The very negative juxtaposition of the 21, 55, and 200 DMA's is creating significant downward price pressure, which, when coupled with the pattern that BAC has carved out off of its January recovery high at 15.31, projects lower prices into the 11.85/50 area next.
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Wednesday, April 13, 2011
Dominant Trend Still Bullish for FCX / Companies / Company Chart Analysis
By: Mike_Paulenoff
After ending its upleg from a major corrective low at 46.20 (Mar 10) to its 58.75 high (Apr 8), Freeport McMoRan Copper & Gold (FCX) has relinquished 50-55% of its prior upleg gains, which is the area to look to re-establish long positions within a larger, still-intact bull trend.
My near- and intermediate-term work argues that unless and until FCX violates the 46.20 low, the larger, dominant trend remains bullish, and acute weakness should be used as a buying opportunity.
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Saturday, March 26, 2011
Completed Correction for Silver Wheaton (SLW) ? / Companies / Company Chart Analysis
By: Mike_Paulenoff
Silver Wheaton (SLW) plunged beneath yesterday's low at 43.38 to 43.19 this morning, but did not follow through to the downside. Instead, it has pivoted to the upside into a strong rally to 44.73 so far.
This is powerful initial evidence that the decline from yesterday's high at 46.00 into this morning's low at 43.19 (-6.2%) represented a completed correction within the current upleg from the 37.85 low on March 16.
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Saturday, March 12, 2011
Bank of America (BAC) Coil Price Pattern May Resolve to Upside / Companies / Company Chart Analysis
By: Mike_Paulenoff
The most salient feature of the big picture pattern in Bank of America (BAC) is the triangle or coil pattern that has been developing since the Jan 14 high at 15.31, which has the right look of completion now.
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Friday, March 11, 2011
Stock Charts, First Thrust Down, Snapback Rally, Bombs Away / Companies / Company Chart Analysis
By: David_Grandey
One of the best change in trend patterns is the First Thrust Down short-sell pattern. The saying goes:
“First Thrust Down, Snapback Rally, Bombs Away”
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Friday, March 11, 2011
Amazon Stock Basing Pattern / Companies / Company Chart Analysis
By: Mike_Paulenoff
My near-term technical work in Amazon (AMZN) argues that all of the recent action is carving out a base-like formation that represents the ending phase of a downleg off of the 191.40 high established on Feb 14.
If such a scenario is unfolding, then AMZN will have to hurdle key resistance between 168.00 and 169.75 to trigger near-term buy signals that will project target zones of 172-173 and then 176-177.
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Tuesday, March 08, 2011
Someone is Finally Making Money Shorting Netflix (NFLX) / Companies / Company Chart Analysis
By: Trader_Mark
After torching short sellers for seemingly years on end, it might be ironic that Netflix (NFLX) topped within days of the date (Feb 10th) famed fund manager Whitney Tilson finally threw in the towel on his unsuccesful short. The stock peaked 4 days later.
Tuesday, March 08, 2011
FCX Recovers Off Spike Low / Commodities / Company Chart Analysis
By: Mike_Paulenoff
My near-term work indicates that this morning's spike low in Freeport-McMoRan Copper & Gold (NYSE: FCX) at 48.61 followed by a sharp upside reversal above 50.00 (so far) has the right look of the end of the corrective process off of its 1/12 high at 61.34.
If that proves to be the case, then FCX is about to enter a new upleg within its dominant uptrend off of the July 2010 low at 28.36.
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Wednesday, March 02, 2011
Two Stocks that are Ready to Rocket Higher / Companies / Company Chart Analysis
By: INO
In this video you will see exactly how to best use our Trade Triangles and with just a few clicks, you'll be spotting winning trades in minutes. Some of you may have heard of these two stocks, but the chances are that they have been flying under the radar for the other 99% of traders. The good news is that our Trade Triangle technology is programmed to spot big moves when they begin, not months later after the market has moved and you are kicking yourself for not getting in sooner.
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Tuesday, March 01, 2011
Time of Truth for Amgen / Companies / Company Chart Analysis
By: Mike_Paulenoff
The time of truth for Amgen (AMGN) in the aftermath of its vertical decline from the Jan 25 high at 58.19 to its Feb 24 low at 50.61.
Let's notice that on the enclosed weekly chart that last week's violation of a near two-year support line at 52.60 followed-through to the downside to 50.61 last Thursday, but then AMGN reversed powerfully to the upside -- perhaps in reaction to positive news about its phase 3 study on cancer drug XGEVA.
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Friday, February 25, 2011
The Power Of Buying Stocks At The 50-Day / Companies / Company Chart Analysis
By: David_Grandey
When the S&P 500 and the OTC Comp were both in nosebleed levels hugging trend channel resistance we talked about what happens to leading names when the markets pullback. We talked about the power of the 50-day average and sure enough that’s exactly what happened to them — they tagged the 50 day and POW ZOOM TO THE MOON ALICE.
Friday, February 25, 2011
Anticipating BP's Breakout / Companies / Company Chart Analysis
By: Mike_Paulenoff
Although crude is circling unchanged today, BP plc (NYSE: BP) acts well technically. The stock continues to carve out a series of higher lows off its recent February upleg rally peak at 48.28.
The most recent pullback lows at 46.90 (Feb 22) and at 47.40 (Feb 24), followed by rallies into the 48.20/30 area, continues to put intense upward pressure on the 48.00-48.30 Jan-Feb resistance plateau. If and when hurdled, this should trigger upside acceleration towards a full-fledged retest of the Jan high at 49.50 next.
Thursday, February 24, 2011
Good Relative Strength for RIMM / Companies / Company Chart Analysis
By: Mike_Paulenoff
Research in Motion (RIMM) exhibits relative strength today despite overall market weakness. Let's take a fresh look at its big picture chart pattern.
From a relatively near-term pattern perspective, RIMM hurdled key 8-month resistance at 62.70-63.30 in early Feb and followed through to its Feb 18 high at 70.54. Since then, RIMM has pulled back about 8.5% right to the top of the prior resistance plateau -- which is now important and substantial support.
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Thursday, February 17, 2011
Apple Stock Bounces Off Low / Companies / Company Chart Analysis
By: Mike_Paulenoff
Two conflicting stories today that Steve Jobs has been seen coming out of a cancer/chemo clinic looking very thin and gaunt. On the other hand, the press keeps reporting that President Obama will meet with technology executives on the West Coast today, including Jobs, Zuckerberg and Schmidt.
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