Don't Ignore This Chart!

February 2015

Don't Ignore This Chart!

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Mylan (MYL) Moves Higher

by Greg Schnell

Mylan (MYL) is a strong chart technically and the price action this week is pretty interesting. Mylan had a nice surge from October to November moving 30%. After building a consolidation pattern sideways, Mylan pushed up against resistance late last week... Read More 

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Euro ETF Gets a Continuation Signal

by Arthur Hill

After consolidating for four weeks, the Euro ETF (FXE) is making a bid to continue its downtrend with a break below consolidation support. The bottom chart shows FXE forming a triangle after an extended decline... Read More 

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Intel Battles Gap and Relative Performance

by Arthur Hill

Intel is having a tough time this year. In fact, Intel (INTC) has been having a tough time since early December. The stock peaked around 37.5 in early December, formed a series of lower highs into mid January and then gapped down in late January... Read More 

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Gold Gets a DP Trend Model SELL Signal

by Erin Swenlin

It was bound to happen. Gold has been struggling with a correction that began when price failed to reach the August 2014 high. The intermediate-term DP Trend Model generated a SELL signal today when the 20-EMA crossed below the 50-EMA... Read More 

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Bristol Myers Gets a Histogram Signal

by Arthur Hill

Bristol Myers (BMY) is making a bid to turn back up and bounce off support. On the price chart, the stock firmed above the December-January lows in February and moved to its highest level of the month today... Read More 

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Has Taser Corp (TASR) Got Your Back?

by Greg Schnell

Taser Corp (TASR) is one of the most controversial stocks on the exchange. The maker of taser units for police forces worldwide rarely enjoys positive press. The company has been diversifying their product line and the stock is currently building a nice bullish triangle... Read More 

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Pre-defined Technical Alerts Continue Green

by Arthur Hill

Chartists can regularly check the Pre-defined Technical Alerts page for clues on market trends. Green alerts dominate the last three days and these green alerts come from the stock market. Just today, the Russell 2000 hit an all time high and the Nasdaq hit a 4-year high... Read More 

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Cybersecurity - Where To Start Investing In This Industry Group

by Greg Schnell

The cyber-crimes business seems to be very profitable. The recent bank attacks taking more than $300 Million from banks all over the world really helps to frame how big the issue is. Defending against this, called cybersecurity, seems to be profitable too... Read More 

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Don't Put Gentex in your Rearview Mirror

by Erin Swenlin

I did one of my favorite scans today and it produced a little known company (among others) called Gentex Corp (GNTX). I actually had to look up what their business was about. Interestingly, they manufacture auto-dimming rearview mirrors... Read More 

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S&P 500 ($SPX) Joins The 2015 Worldwide Chorus Of New Highs

by Greg Schnell

For Valentine's Day, the market shared its love by pushing the broad S&P 500 ($SPX) to new intraday highs. Germany, Australia, France, Thailand, Indonesia, Shanghai, India and The Netherlands have all made new 52 week highs in 2015... Read More 

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InterActive Corp Shows Signs of Accumulation

by Arthur Hill

Interactive Corp (IACI) has turned rather volatile this year with a choppy trading range between 59 and 64. The stock gapped down to range support last week, but immediately firmed and surged off support with good volume... Read More 

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Google (GOOGL) Gets Ogled

by Greg Schnell

Google (GOOGL) recently dropped the Google Glasses project at least for the time being. However, that does not mean everyone stopped looking at the company as an investment... Read More 

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Micron (MU) Surges Off Support

by Greg Schnell

Micron (MU) has been oscillating near support for a month. Today it surged almost 10% completing a small basing h/s pattern. The impressive rally also had 43 million shares trading with an average trade of 25 million... Read More 

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Alibaba (BABA) Plants A Doji Near Support

by Greg Schnell

Alibaba (BABA) has been here before. After a month long pullback on the IPO, Alibaba broke out for a 40% gain. After slowly winding back, BABA gapped down on earnings and has come down to test the previous low... Read More 

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Akamai Forges Candlestick Reversal at Key Retracement

by Arthur Hill

It has been a rough year for Akamai (AKAM), but the decline over the last few months looks like a classic correction. After hitting a new high in late November, the stock retraced 50-62% with a decline to the 57-58 area... Read More 

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PixelWorks (PXLW) Starts To Accelerate

by Greg Schnell

I just wanted to post an interesting chart of Pixelworks (PXLW) that showed up on the "Nasdaq Percentage Up" list from the home page. This chart is particularly interesting. The stock had a beautiful run up from $2 to $9 and then retraced... Read More 

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Netflix (NFLX) Approaches The Climax Of This Plot

by Greg Schnell

Whew, Netflix (NFLX) has been an action thriller. In the last year, the roller coaster stock price is on its 5th move of at least $120. Nothing like a plot that takes your emotions both ways! The real question is what is going to happen now... Read More 

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Technical Ranks Surge for Walgreen and GM

by Arthur Hill

The image below shows a screen shot from the home page with SCTR tables for large-caps and ETFs. The "top up" tab was selected to focus on the biggest gainers. Notice that the StockCharts Technical Rank (SCTR) for GM moved above 50 and the SCTR for Walgreens moved above 70... Read More 

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The Noose Tightens on Monsanto

by Arthur Hill

Monsanto (MON) could be poised for a volatility expansion because BandWidth has narrowed over the last few weeks and volatility has contracted signficantly... Read More