Tag "stock chart analysis"

Under Armour Stock Falls 8 Percent On Analyst Downgrade

Under Amour’s stock price (UAA) is getting hit hard on Tuesday, trading lower by as much as 9 percent in Tuesday’s trading session. The immediate drop for UAA comes following news of a downgrade by an analyst at Macquarie Research. Note that we have been negative on Under Armour for some…

Wynn Resorts Stock Price Rallies, Nearing $175 Target

Wynn Resorts (WYNN) rises over 4%… currently trading up 2% with an hour until Tuesday’s close. WYNN shares are moving higher today after bullish analysis of macro prospects by Sanford Bernstein. Looking at the chart below, the stock price is in our target zone, which is based on Fibonacci extensions….

Merck’s Stock Jumps Over 5 Percent On Keytruda Trial Results

Merck (MRK) jumps over 5% Shares of Merck (MRK) rose after positive results on trials of its Keytruda lung cancer drug. This stock move has produced a large bullish candle that appears to confirm the multi-week reversal off the November lows. Question now becomes, “can active investors expect further upside?” See…

S&P 500 Weekly Outlook: Market Cycles Point To A Pullback

The stock market has been “off to the races” to start 2018, as the S&P 500 is testing the 2800 price level. Stock prices continue to stretch higher. Let’s discuss what’s happening and what stock market cycles are telling us here. S&P 500 Summary and Market Cycle Outlook: The S&P…

Interace (TILE): Strong Combination of Fundamentals and Technicals

Interface Inc (TILE) Interface is a $1.54B maker of modular carpet for commercial and residential markets trading 19X Earnings, 1.59X Sales and 41.83X FCF with a 1% dividend yield. Interface’s stock (TILE) has been a relatively lower revenue growth name for the past few years but expecting 2018 and 2019…

Stock Market Futures Trading Update: Watch Those Divergences!

Market Outlook for January 16, 2018  The S&P 500 and broad market indices are seeing some bullish continuation after the long holiday weekend. However, there is some technical divergence playing out. Buying on pullbacks provides the least risk today. Note that you can access today’s economic calendar with a full rundown of releases….

Utilities Sector ETF (XLU) Looks Ready To Bounce

The Utilities Sector ETF (XLU) has been in a pretty good correction over the past several weeks. Could that be coming to an end?  At least from a short-term trading perspective? Looking at the chart below, you can see that the Utilities ETF (XLU) is holding above its 61.8% Fibonacci…

Russell 2000 Spotlight: Small Cap Stocks Outperforming

The Russell 2000 and small (and micro) cap stocks have been outperforming of late. This pick up in near-term strength bodes well for small caps over the coming week, but it should be noted that the broader indices like the S&P 500 and Dow Jones Industrial Average are nearing exhaustion….

Stock Market Futures Trading Outlook For January 11

Stock market futures are pushing slightly higher in early trade as buyers continue to show demand. That said, we are at a juncture that requires discipline and focus from traders. See today’s trading commentary and price levels below. S&P 500 Futures BUYERS ARE IN CLEAR CONTROL AS CHARTS PRESS HIGHER….