Don't Ignore This Chart

StockCharts.com Icon
About this blog: The blog contains daily articles with intriguing or unusual charts selected by one of our Senior Technical Analysts, along with a short explanation of what exactly caught their attention and why they believe the chart is worth noting.

Latest Posts

Don't Ignore This Chart

Apache Corp (APA) Tries To Break Out

by Greg Schnell

Apache (APA) has been building a base between $35 and $50. A measured move would suggest a retest of the highs at $66 over the next year. Apache also pays a dividend.  Looking through the technical indicators, the SCTR is showing the highest reading since 2016 and has just moved above $75. The relative strength line looks to make new 52 week highs. The PPO just turned up a few weeks ago with the first positive cross above zero in months. The outlook for both oil and gas is also accelerating and the stock looks to be one of the strongest in the sector. Read More 

Don't Ignore This Chart

This Biotech Bucked the Selling Pressure Last Week

by Arthur Hill

Last week was tough on stocks as the S&P 500 SPDR declined around 1%, the Nasdaq 100 ETF fell 3% and the Biotech iShares plunged 4.5%. Despite a rough week, note that some 180 stocks in the S&P 500 closed higher and bucked the selling pressure. Many of these names came from the finance, utilities and healthcare sectors. Even though BioMarin (BMRN) is not part of the S&P 500, the stock closed higher last week and the price chart caught my eye. The chart shows BMRN breaking resistance levels in May and June as the 50-day EMA crossed above the 200-day EMA. The Read More 

Don't Ignore This Chart

AT&T calling!

by Julius de Kempenaer

After yesterday's close (10/4) I ran a Relative Rotation Graph of the Top-10 Market Movers inside the S&P-500 index. One of the names that popped up as potentially interesting was AT&T (T) as it is inside the improving quadrant and moving towards the leading quadrant at a strong RRG-Heading. The Daily version of that RRG (above) shows the strong rotation of T over the last 30 trading days which recently rolled over inside the leading quadrant and crossed over into weakening before  "hooking" back up and moving (almost) back into leading. The Read More 

Don't Ignore This Chart

KIM at lower boundary of trading range

by Julius de Kempenaer

One of the names that popped up today on my alert for potential "Turtle Soup" setups is KIM. After opening up the chart for further inspection I noticed an interesting situation. It is very clear that the stock is in a trading range since June. The upper boundary around $ 17.25 has been tested a few times and so has the lower boundary that shows up near $ 15.50. With yesterday's low at $ 15.74, KIM is testing that lower boundary again at the moment. What makes the chart interesting is the fact that the trigger for a TS(+1) buy for today Read More 

Don't Ignore This Chart

This Medical Devices Stock Looks Poised to Play Catchup

by Arthur Hill

The Health Care SPDR (XLV) is the best performing sector over the last six months with a 21% gain and the Medical Devices ETF (IHI) is one of the top performing industry group ETFs with a 25% gain. There are dozens of healthcare stocks hitting new highs and showing big gains, but there are also a few stragglers that may play catchup. Hologic (HOLX) is part of the medical devices group and in the "medtech" industry. The stock is up around 11% over the last six months, but lagging the sector and its industry group. This may change because I am seeing some bullish signs on the chart Read More 

Don't Ignore This Chart

CVS: A healthy stock in a healthy sector

by Julius de Kempenaer

The Healthcare sector is getting a lot of attention lately. Not surprisingly as it is THE leading sector at the moment. Yesterday when I was working on my most recent RRG blog, XLV made it to the headline. And for good reasons. At the moment it is the only sector inside the leading quadrant on a Relative Rotation Graph and it is pushing higher on the JdK RS-Ratio scale. Very likely this means that there are some interesting stocks to find if we zoom in to the RRG that holds all members of XLV. The RRG above shows the Read More 

Don't Ignore This Chart

UnitedHealth Powers Healthcare Providers to New High

by Arthur Hill

The Health Care SPDR (XLV) is the strongest sector over the last six months (+19%) and the HealthCare Providers ETF (IHF) is one of the strongest industry groups (+27%). UnitedHealth (UNH) is the top holding in IHF and accounts for 12.5% of the ETF. UNH has a small bullish continuation pattern working and momentum is turning up. The chart shows UNH within a long-term uptrend. The 50-day EMA is above the 200-day, price is well above the rising 200-day EMA and the stock hit a new high in early September. After hitting this high, UHN stalled with a small triangle. Small Read More 

Don't Ignore This Chart

XLC recovering on Relative Rotation Graph, but for how long?

by Julius de Kempenaer

  On the daily Relative Rotation Graph above, the new XLC sector is positioned inside the improving quadrant. XLC moved into the improving from lagging 5 trading days ago and is now heading higher on both scales at a positive RRG-Heading. Measured on the JdK RS-Ratio scale (horizontal axis), XLC is still one of the weaker sectors in the S&P universe with only XLRE and XLU at lower RS-Ratio levels. The big difference is that XLRE and XLU are heading South-West while XLC is heading North-East. Combining this view of RRG with the weekly version (below) makes Read More 

Don't Ignore This Chart

Alphabet (aka Google) Hits Potential Reversal Zone

by Arthur Hill

Alphabet (GOOGL) fell around 10% from a recent high and this decline looks like a pretty normal correction within a bigger uptrend. Note that GOOGL is the biggest component (23.15%) in the new Communication Services SPDR (XLC). Facebook (FB) is the second largest weighting (17.69%) and Disney (DIS) is a distant third (4.65%). First and foremost, the long-term trend is up because Alphabet recorded a 52-week high in July and price is well above the rising 200-day SMA. This is the big trend is at work and it sets my trading bias, which is bullish. The stock gapped up and Read More 

Don't Ignore This Chart

Regeneron Holds Break as Volume Picks Up

by Arthur Hill

Regeneron (REGN), a large-cap biotech stock, is part of the Health Care SPDR (XLV) and a top ten holding in the Biotech iShares (IBB), Both ETFs hit 52-week highs recently and show upside leadership. The stock is lagging in the 52-week high category, but the long-term trend is up and the stock is breaking out of a flag formation. First, the long-term trend is up because the stock broke the March highs with a 39% advance from May to August. Second, the 50-day EMA is above the 200-day EMA and price is above both EMAs. After breaking the red resistance zone in early Read More 

Subscribe to Don't Ignore This Chart to be notified whenever a new post is added to this blog!