Vistra fell in January because of DeepSeek. It quickly rebounded and now some traders may expect its longer-term uptrend to continue.
The first pattern on today’s chart is the rally between the low of January 27 and the high of January 30. The nuclear-power company has held above a 50 percent retracement of that bounce, which may confirm buyers remain in...
Lam Research has consolidated after dropping in July, but now traders may think the chip-equipment stock is coming back to life.
The first pattern on today’s chart is the weekly close of $84.74 from August 23. LRCX tried to break that level in September and October without success. But the stock closed above it yesterday as the broader Nasdaq-100 climbed. Is it...
The Nasdaq-100 has consolidated for about two months, and now some traders may expect a breakout.
The first pattern on today’s chart is Friday’s candle. It represented an intraday all-time high, a daily closing high and a weekly closing high. Could those new highs lead to more new highs?
Next, a series of support levels have held since mid-January. The index...
The SPDR Energy Select Sector ETF has wavered for almost a year, and some traders may expect a push to the downside.
The first pattern on today’s chart is the series of lower highs since mid-November. December also saw a lower low versus September. That may reflect a bearish longer-term trend.
Next, the 50-day simple moving average (SMA) had a “death cross”...
Vertex Pharmaceuticals ended January with a big rally. Now, after a pullback, some traders may see an opportunity.
The first pattern on today’s chart is the price gap on January 31 after the FDA approved its Journavx painkiller. (It’s the first of its kind to treat pain in a unique way without addiction risks.) The stock has retraced the surge, which may appeal...
Salesforce broke out in November. Now, after a period of consolidation, some traders may see potential for more upside in the software giant.
The first pattern on today’s chart is the March 2024 high of $318.71. CRM probed that level after the election and again in January. Prices have returned to it this week. Will old resistance become new support?
Second, the...
Micron Technology plunged two weeks ago when China’s DeepSeek model disrupted Silicon Valley. But some traders may see potential for a rebound.
The first pattern on today’s chart is the gap from Monday, January 27. Does that empty space create potential for prices to fill?
Second is the September 12 low at $84.12. MU remained above the level despite the DeepSeek...
Many of the biggest technology names have struggled lately, but Keysight Technologies could be attempting a breakout.
The first pattern on today’s chart is the July 2023 peak of $172.72. The provider of network-testing equipment ended January making a new 52-week high above that level, which may suggest buyers are taking control.
Second, the 50-day simple moving...
McDonald’s has slid for about three months, but it may be attempting a breakout as earnings loom.
The first pattern on today’s chart is the series of lower highs since October. MCD pushed above that falling trendline in late January and has stayed above it since. That may suggest an intermediate-term decline has ended.
Second is the August 16 weekly close of...
Boeing has struggled for years, but now there may be signs of a turnaround in the aerospace giant.
The first pattern on today’s chart is the series of lower highs between December 2023 and early December 2024. The stock has now pushed above that falling trendline, which may suggest its direction is turning.
Next, the 50-day simple moving average (SMA) just...
Tariff fears have battered General Motors, but some traders may see an opportunity.
The first pattern on today’s chart is the price gap from January 28 after the automaker reported quarterly results. At the time, tariff fears overshadowed better-than-expected earnings and revenue. But now Trump has made his move and the crisis is showing signs of resolution....
Lowe’s has been falling since mid-October, and some traders may see further downside risk.
The first pattern on today’s chart is the series of lower highs and lower lows over the last three months. If the resulting descending channel remains in effect, it could point to potential move below the January 8 low of $242.96.
Next, the 50-day simple moving average...
XPeng started rallying in August, and now it may be starting another push to the upside.
The first pattern on today’s chart is the series of lower highs in December. The Chinese EV maker broke that trendline in mid-January and has remained there since, which may suggest a consolidation phase has ended.
Second, the rebound started after prices held their November...
Sofi Technologies fell after reporting earnings on Monday, but it may be trying to hold its ground.
The first pattern on today’s chart is the sharp rally between October and late November. The lender has spent two months consolidating the move, which may create potential for further upside.
Second, SOFI fell on Monday after guidance was lighter than expected....
Expedia hit a new multiyear high last month, and now it’s pulled back.
The first pattern on today’s chart is $168.45. It was the low on November 6, one day after the Presidential election. EXPE has held the level since last Thursday, which may suggest it’s become new support.
Second, the 50-day simple moving average (SMA) crossed above the 100-day SMA in August...
Regions Financial leaped to new record highs after Donald Trump was reelected as U.S. President. Now, following a pullback, some traders may think its uptrend remains in effect.
The first pattern on today’s chart is the price range between $23 and $24. RF tested and held the bottom of this channel in the second half of December and again in the first half of...
Darden Restaurants jumped to new highs in December, and some traders may look for the move to continue this year.
The first pattern on today’s chart is the March 2024 high of $176.84. DRI remained below that level through early last month. The stock rallied through it after earnings and revenue beat estimates on December 19. Prices have remained above the old...
Silver has squeezed into a tight range recently, and some traders may expect a breakout.
The first pattern on today’s chart is the series of lower highs since October. Prices have challenged this falling trendline for the last week while staying above December’s lows. Is the resistance fading?
Next, XAGUSD is trying to hold its rising 200-day simple moving...
