Category: Company Chart Analysis
The analysis published under this category are as follows.Thursday, October 07, 2010
Alcoa Chart Points Higher Ahead of Earnings / Companies / Company Chart Analysis
Let's have a look at the BIG picture chart analytics of Alcoa (AA) ahead of its initiation of the new earning reporting season starting tomorrow evening after the closing bell. I post the AA chart analysis merely as a way to gauge expectations in an otherwise very uncertain environment. Let's also be aware that earnings are one thing, but guidance once again might be the major challenge for investors during the upcoming weeks.
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Monday, September 27, 2010
Cisco Breaking Out? / Companies / Company Chart Analysis
Purely from a technical perspective, we can make the case that with the series of higher-highs and higher lows since the August 31 low at 19.82, Cisco (CSCO) is in the process of completing a pullback from Friday's recovery high at 22.25 (into today's low at 21.86). If accurate that means that the rally off of this morning's low is the start of a new upleg that should hurdle 22.25 on the way to 22.50 next.
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Saturday, September 18, 2010
Impressive Action in Bristol-Myers Squibb (BMY) / Companies / Company Chart Analysis
Bristol-Myers Squibb (BMY) has climbed to a new recovery and new 2 3/4-year high at 27.26 (so far) today, which has triggered new projections into the 28.00-29.00 target zone in the upcoming weeks and months.
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Monday, September 13, 2010
Major Infrastructure Stock Too Cheap to Ignore / Companies / Company Chart Analysis
Last week the president announced his $50 billion plan to repair, rebuild and improve our nation's crumbling infrastructure systems, while adding jobs in the process. Of course, any new spending plan bill will most likely be met with some opposition and scrutiny. Let me first say that I am not a supporter of deficit spending, nor do I agree entirely with our current fiscal and monetary policies, but that's another article all together. What I can tell you is that a large portion of this country's infrastructure is in extremely poor condition and MUST be repaired by any means necessary.
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Thursday, September 09, 2010
Corrective Period Ahead of Next Upleg for Walter Energy / Companies / Company Chart Analysis
Crazy volatility aside, the overall pattern in Walter Energy (NYSE: WLT) argues that all of the action off of the Sept 3 high at 78.74 represents a maturing corrective period which when complete should resolve itself into a new upleg that propels the stock above 79.00-80.00 towards 90.00. Next upleg should coincide with an upside breakout in the China equity indices, which would benefit this industry.
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Wednesday, September 08, 2010
What Do You Need To See To Take A Trade / Companies / Company Chart Analysis
Summer is over and it’s time to get serious — serious in the sense of reviewing YOUR GOALS. A question we find ourselves asking right here is:
What is it going to take for me to earn another 10% return on the overall portfolio from here by year end?
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Thursday, August 26, 2010
Constructive Chart Pattern for Qualcomm / Companies / Company Chart Analysis
Let's notice that during the August corrective period, Qualcomm (Nasdaq: QCOM) has carved out a contractionary, coil-type consolidation pattern in the aftermath and atop its prior explosive upmove from the July low at 31.51 to the Aug high at 40. At its deepest corrective price of 37.45 at the 8/16 low, QCOM had retraced only 30% of the entire prior upleg.
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Monday, August 23, 2010
Expected Upside for Trina Solar TSL / Companies / Company Chart Analysis
All of the action in Trina Solar (NYSE: TSL) off of the July high at 22.45 through today's trading has the right look of a mature (read: nearly complete) bullish coil pattern, which if accurate means that the next significant directional move should be to the upside in a thrust out of the coil towards a target zone of 25.00/50.
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Thursday, August 19, 2010
AK Steel Corp Strong Relative Performance / Companies / Company Chart Analysis
Barring a global exodus from equities on a rotating timezone basis, I want to stay with AK Steel Corp (NYSE: AKS) for a number of reasons. Purely on a technical basis, so far today, the weakness has NOT violated the prior pullback low. Secondly, while the emini S&P 500 has come within two-tenths of 1% of its prior August 16 low, AKS remains $0.90, or 6.5%, above its 8/16 low.
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Tuesday, August 17, 2010
Near-term Low in Research in Motion, RIMM / Companies / Company Chart Analysis
Today's point-and-figure low print at 49.40 in Research in Motion (RIMM) satisfies a downside swing objective created by the prior decline from 58.60 to 51.70 and has the right look of a completed correction - or a corrective leg that is carving out a near-term low in the vicinity of 49.40.
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Wednesday, August 04, 2010
Breakout in China Mobile CHL / Companies / Company Chart Analysis
So far, the action in China Mobile (NYSE: CHL) has followed the bullish script that we have discussed since Sunday's Chart Video Update. We noted in that video that IF the Shanghai Composite did indeed establish a major bullish signal exhibited by a monthly (July) upside reversal, then a significant recovery rally in the China equity indices should have a supportive impact on some components of the iShares FTSE/Xinhua China 25 Index (NYSE: FXI), which exhibits a stronger pattern than the Shanghai.
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Friday, July 30, 2010
We Analyze Akamai Technologies AKAM Classical Technical Pattern / Companies / Company Chart Analysis
This stock looks lower based on a classical technical pattern
This is the first time I have looked at this particular stock and it appears to chart beautifully. The stock I am referring to and analyzing today is Akamai Technologies Inc. The symbol for this stock is AKAM and it is traded on the NASDAQ.
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Tuesday, July 27, 2010
Is the Star in Starbucks Fading? / Companies / Company Chart Analysis
I recently took the time to analyze one of the most popular and iconic brands on the American scene. I am of course talking about Starbucks.
After getting beaten down in 2008, Starbucks has made a remarkable recovery. However, that recovery looks to be in jeopardy based on our "Trade Triangle" technology and the findings of a 14th century dead mathematician.
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Thursday, July 22, 2010
AAPL Stock, Why We Don’t Chase Buses / Companies / Company Chart Analysis
So AAPL reported earnings after the close Tuesday and what did it do Wednesday?
See that? Traded basically right up to the little red 265 line and backed away. Anyone who had to have it on those great numbers AFTER it popped is for the most part down for the day. What’s that we say? Don’t get emotional and make emotional decisions? And ohhh lets not forget about chasing buses either.
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Wednesday, July 21, 2010
Bullish On Apple AAPL / Companies / Company Chart Analysis
My intraday pattern work in Apple (AAPL) argues that the correction of this morning's high at 266.47 is nearing completion ahead of a resumption of strength that should make its way back towards the 260 and then the 266 intraday target zones.
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Tuesday, July 20, 2010
Goldman Sachs (GS) Faces Key Resistance / Companies / Company Chart Analysis
Goldman Sachs (GS) has a chance to exert considerable influence on the markets this afternoon, despite earnings after the bell for AAPL and YHOO. But which direction?
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Thursday, July 15, 2010
The Truth Hurts Stock Market Investors But Helps Option Traders / Companies / Company Chart Analysis
Turns out, the Axis of Error was "wrong" again about retail sales. Here's how to double your money, as the REAL story spills out.
For weeks now, I have been warning that the retail sector was nowhere near as healthy as the cheerleading squad was making it out to be, what with their endlessly optimistic guesstimates, reiterations of stale numbers, and after-the-fact stealth write-downs.
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Monday, July 12, 2010
Key Charts Ahead of Corporate Earnings / Companies / Company Chart Analysis
Catalysts for the market this week are earnings, which begin to be released Monday evening, and reaction to the weekend's news about the China trade surplus. In addition, there’s a potential vote on financial regulation that could affect bank stocks and a vote on extending unemployment benefits.
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Tuesday, June 29, 2010
Is Amazon AMZN Losing it? / Companies / Company Chart Analysis
In today's short video we look at Amazon, not the river, but the stock. Yesterday (6/28/10) I spotted some market action that I wanted to bring to your attention. Unfortunately, I could not release this video any sooner because of scheduling.
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Sunday, June 27, 2010
Let Your Stocks Tell You What To Do By The Action They Exhibit / Companies / Company Chart Analysis
Follow The Leaders!
While everyone is fixated on the indexes we prefer to focus on the leaders.
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