Category: Company Chart Analysis
The analysis published under this category are as follows.
Saturday, December 04, 2010
Start of New Upleg for AMAT / Companies / Company Chart Analysis
By: Mike_Paulenoff
My intermediate-term work on Applied Materials (AMAT) indicates that the Aug 31 low at 10.27 ended the correction of the upleg from the Nov 21, 2008 low at 7.80 to the Jan 11, 2010 high at 14.94. At that time, a new upleg commenced that hit its first high on Nov 9 at 13.08.
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Wednesday, December 01, 2010
New Upleg for Newmont Mining (NEM) / Companies / Company Chart Analysis
By: Mike_Paulenoff
The form exhibited by the decline in Newmont Mining (NYSE: NEM) from its September 22 high at 65.50 into Monday's low at 57.31 has the right look of a completed correction into the area of the sharply rising 200-day moving average (57.18) amidst a glaring positive momentum (RSI) divergence.
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Monday, November 29, 2010
Mini Base-like Pattern for Bank of America (BAC) / Companies / Company Chart Analysis
By: Mike_Paulenoff
11.08 held above last week's low at 11.05, which held above the October 26 low at 11.03. Today's subsequent rally to 11.25/30 has carved out a minor base-like pattern since Nov 22, which must hurdle and sustain above 11.33/40 to trigger initial buy signals that will project into the 11.75/80 area initially.
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Saturday, November 27, 2010
With Stocks, The Trend Is Your Friend / Companies / Company Chart Analysis
By: David_Grandey
MOTR is an excellent example of “the trend being your friend” (above the green line).
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Wednesday, November 24, 2010
GM Bullish Chart Pattern / Companies / Company Chart Analysis
By: Mike_Paulenoff
Yesterday General Motors (NYSE: GM) tested the post-offering low (33.11) with a secondary low at 33.17, prior to pivoting to the upside into this morning's rally peak at 33.80. The micro pattern from 33.17 to 33.80 exhibits bullish form, which argues for higher prices as long as 33.17 contains any forthcoming weakness.
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Monday, November 22, 2010
Bottoming Period for Bank of America (BAC) / Companies / Company Chart Analysis
By: Mike_Paulenoff
The insider trading news, along with the mortgage crisis and perhaps an association with the Irish-EU banking crisis, have combined to clobber the major money center banks like Goldman Sachs (GS), JP Morgan (JPM), and Bank of America (BAC).
The way the BAC pattern is unfolding on the downside, my work argues that all of the price action from mid-October through the present represents a major bottoming period for the stock.
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Thursday, November 11, 2010
Upside Thrust Ahead for Apple / Companies / Company Chart Analysis
By: Mike_Paulenoff
The action in Apple (AAPL) from Tuesday's all-time high at 321.30 into yesterday's low at 313.55 -- followed by today's probe of 314.25, prior to the current climb to 317.50-318.00 -- has the look and the feel either of a sideways, high-level, bullish congestion area, or a completed minor correction within a still-dominant upleg off of the Oct 29 pivot low at 300.87.
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Tuesday, November 09, 2010
What Macy's and Cisco Charts Tell Us Ahead of Corporate Earnings / Companies / Company Chart Analysis
By: Mike_Paulenoff
Our Charts of the Week video takes a look at the charts of Macy’s (M) and Cisco (CSCO) ahead of their Wednesday earnings releases.
The daily chart of Macy’s going back to Feb 2009 shows a series of higher lows and higher highs. Macy’s believe it or not, despite everything we hear about how bad the economy is and how nobody is buying anything, has been in a major uptrend for quite a while, starting in March 2009. At that time it got down to 6.25 and now is at 25 1/2, after gapping to a new high this past Friday.
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Thursday, November 04, 2010
QE2 Beneficiaries, ACI / Companies / Company Chart Analysis
By: Mike_Paulenoff
Yesterday we highlighted the banks in our Mid-Day Minute. To follow-up, QE2 could potentially help the banks in general, and Bank of America (BAC) in particular through a steeper yield curve, which enables lenders to make money borrowing short-term money at miniscule rates, while lending longer-term at much higher rates, thus capturing a meaty spread.
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Wednesday, November 03, 2010
Four Financial Stock Charts to Watch / Stock-Markets / Company Chart Analysis
By: Mike_Paulenoff
In our Webinar Monday evening, we reviewed the financial sector, a video clip of which is available in this Mid-Day Minute, and whose chart analysis is still very applicable today, ahead of the Fed announcement.
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Monday, November 01, 2010
China Growth and Wall Street Upgrade Propel Arch Coal / Companies / Company Chart Analysis
By: Mike_Paulenoff
Some of the metals and mining names that will benefit from renewed growth (in excess of 9%) in China are moving this morning, including Arch Coal (NYSE: ACI).
Sunday, October 31, 2010
Hit And Run Trades Give Good Stock Trading Profits / Companies / Company Chart Analysis
By: David_Grandey
Elections, QE2. Do news driven events like this matter?
From a technical standpoint they don’t. Although those events are most likely going to get us unstuck from the current trajectory of our current trend channel that we will say.
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Friday, October 29, 2010
Stock Traders Eye on Qualcomm and Microsoft / Companies / Company Chart Analysis
By: Mike_Paulenoff
Qualcomm (QCOM) is up about 2.5% today and after nearly a month of sideways digestion off of its Sep 30 high at 45.75 into Tuesday's low at 43.21 appears to have finally resumed its underlying uptrend from the July low at 31.51.
If such a scenario continues to unfold, then QCOM should be in the early portion of a new upleg that projects to the 48.00 area next. At this juncture, only a decline that breaks the Oct 26 low at 43.21 will invalidate the bullish scenario.
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Tuesday, October 26, 2010
Upside Reversal for Bank of America BAC / Companies / Company Chart Analysis
By: Mike_Paulenoff
The 4% upmove today in Bank of America (BAC) after it hit lows not seen since May 2009 (on the way up) so far looks technically significant.
My daily and hourly pattern and momentum work on BAC suggest strongly that the most recent downleg from the 14.00 area ended this morning at new multi-month lows at 11.03. The upside reversal (so far) has the "right look" of a significant upside reversal and recovery rally within the 14.00-11.00 price move.
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Saturday, October 23, 2010
How To Buy Stocks Ahead Of Corporate Earnings / Companies / Company Chart Analysis
By: David_Grandey
NFLX reported earnings this week. There’s no secret that this stock is a leading stock and it was likely to move sharply one way or the other immediately following their earnings announcement.So do we just blindly buy ahead of earnings and hope for the best? No. It’s all about what the chart is telling us to do and having a game plan where we prepare for the worst and expect the best. Here’s how we analyzed NFLX to make trading decisions prior to the release of their earnings announcement.
Tuesday, October 19, 2010
Leading Stocks Forecasted Today’s Sell-Off / Companies / Company Chart Analysis
By: David_Grandey
When looking at the following chart, we see the classic “Nice uptrend, puts in a double top, then gets rolled to the downside” bearish pattern.
Monday, October 18, 2010
Apple's Chart Ahead of Earnings / Companies / Company Chart Analysis
By: Mike_Paulenoff
Apple (AAPL) releases earnings tonight after the close. If the stock pops 3-5% in reaction to earnings, the next upside target window is somewhere in the vicinity of 335-340, which will be well above the upper channel line off of its January 2009 low at 79.31.
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Wednesday, October 13, 2010
EMC Retraces After Plunge / Companies / Company Chart Analysis
By: Mike_Paulenoff
EMC Corp. (NYSE: EMC) has hit a high of 20.52 today, which represents a complete retracement of the plunge in prices last Wednesday and Thursday in sympathy with disappointing results from the cloud computing sector.
From a technical perspective, the ability of EMC to hold above 20.50 increases the likelihood that the current upleg from 19.39 will climb towards my next optimal near-term target zone of 21.00/15.
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Monday, October 11, 2010
What Happened To The Stocks On Cloud 9, Bearish First Thrust Down Patterns / Companies / Company Chart Analysis
By: David_Grandey
Last week we saw a lot of damage done in this space, namely the most over loved and over owned names in the cloud nine computing space.
These names have for the most part all staged bearish First Thrust Down patterns by breaking major uptrends.
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Saturday, October 09, 2010
Leading Stocks To Consider Buying and Stocks To Forget / Companies / Company Chart Analysis
By: David_Grandey
Time and time again we’ve said: “We do not chase buses around here as we’ve seen it time and time again where one jumps in thinking the short term trend is going to continue and then? WHAM 10-15 days worth of gains wiped out in 2 days. Those who like chasing stocks AFTER the fact? Good luck with that.”