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Is This Data Storage Company Ready For A Breakout?

by Tom Bowley

There's a potential bottoming reverse head & shoulders pattern in play on Western Digital's (WDC) three year weekly chart as it attempts to clear its downtrend on its SCTR. All of this comes on the heels of printing a positive divergence on its MACD... Read More 

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Bristol Meyers Leads as Price Relative Hits New High

by Arthur Hill

Chartists need just two plots to find leaders and stocks in uptrends: price and the price relative. Price, of course, can be a line chart, bar chart or candlestick chart. Stocks hitting 52-week highs are in clear uptrends and often leading the market... Read More 

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North Atlantic Drilling Floats Above The Surface (NADL)

by Greg Schnell

North Atlantic Drilling (NADL) has been off a lot of the investing community's radar as it was such a beaten down stock in an area that everyone expects to stay bearish forever... Read More 

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Kroger Follows Through on Engulfing Pattern

by Arthur Hill

Stocks were hit hard on Friday and again early Monday, but Kroger (KR) bucked the selling pressure with a bullish engulfing on Friday and further gains early Monday... Read More 

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Nordson's Selling On Friday Could Be An Opportunity

by Tom Bowley

After the stock market closed on May 23rd, Nordson Corp (NDSN) reported quarterly earnings results that absolutely blew away Wall Street's consensus estimates... Read More 

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Pounding The Table, The Pound ($XBP) Broke Support

by Greg Schnell

The British Pound ($XBP) made historical lows this morning. While this chart is trying to find support at the $136 level, there is no doubt that we are experiencing a moment in time that could mark a significant long-term trend change... Read More 

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Broadcom Bouncing Off Gap Support

by Tom Bowley

Broadcom (AVGO) posted quarterly EPS in early June that topped Wall Street forecasts and the stock gapped higher from 155 to above 165. Now, just a few weeks later, AVGO has returned to the scene of the crime, testing gap support and its rising 20 day EMA... Read More 

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London FTSE is the Best Performing European Index in 2016

by Arthur Hill

The London FTSE is still down year-to-date, but it is the best performing index in Europe for 2016. The PerfChart below shows year-to-date performance for nine European stock indexes. The London FTSE is in the middle (light blue) and down less than 1% this year... Read More 

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HOG Makes Big Relative and Absolute Moves

by Arthur Hill

Chartists looking for the movers and shakers of the day need look no further than the StockCharts home page. Tables for most actives and SCTRs can be found midway down on the left-hand side... Read More 

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Is The Viacom (VIAB) / Sumner Redstone Battle Investable?

by Greg Schnell

Viacom (VIAB) stock is in the crosshairs of the Sumner Redstone battle. With so many issues surrounding the stock, it seems to be a disaster in progress... Read More 

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VIX Over 20 Can Be A Huge Problem

by Tom Bowley

The Volatility Index ($VIX) is often times referred to as the fear index and fear is a necessary component of bear markets. So the recent surge in the VIX should not be taken lightly... Read More 

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Key Moving Averages Converge as Boeing shows Signs of Accumulation

by Arthur Hill

Boeing has been stuck in a trading range since late March and signs of accumulation suggest an upside breakout. On the price chart, notice that BA surged from the 102 area to 135 from mid February to mid March... Read More 

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MeetMe (MEET) Makes A Move

by Greg Schnell

The dating stocks have been performing quite well recently. This week, MeetMe (MEET) is breaking out from a large base. Last month I featured Match.com (MTCH) as it was starting to perform better. Today, MeetMe broke out to new highs... Read More 

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Eurotop 100 Breaks Key Levels and Leads Lower

by Arthur Hill

Large-caps in Europe continue to underperform large-caps in the US and the EuroTop 100 ($EUR) is breaking down on the price chart. First, the price chart shows $EUR falling sharply from December to mid February and then recovering 50-61... Read More 

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Ligand's Bullish Wedge Touches Price Support

by Tom Bowley

Ligand Pharmaceutical (LGND) broke out above price resistance in April with solid volume confirmation. But the stock was extremely overbought and in need of a pullback to unwind its momentum oscillators. RSI had touched the 80s with stochastic elevated in the 90s... Read More 

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Darden Restaurants (DRI) Hits New Highs

by Greg Schnell

Darden Restaurants (DRI) stroked a new high on Thursday's down day. The owner of Capital Grille, LongHorn Steakhouse and Eddie V's is continuing to outperform. The chart has a few nice traits on it that deserve mention... Read More 

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Amazon's Negative Divergence Could Spell Trouble

by Tom Bowley

Amazon.com (AMZN) has been one of the strongest performers in 2016 and just recently broke out on a relative basis vs. the S&P 500 when it impressed Wall Street with its latest quarterly earnings results... Read More 

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JO Makes a Big Jump

by Arthur Hill

The Coffee ETF (JO) is one of leading commodity ETFs this week with an 8+ percent gain in just three days. The chart shows JO trending lower from the October 2014 peak until the February 2014 trough... Read More 

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Corn (CORN) Looks Ripe For The Picking

by Greg Schnell

Corn is an interesting product. Normally associated with food, it has become a bit of an energy play for the ethanol component. Now that oil is rallying above $40, Corn (CORN) seems to be getting a bid... Read More 

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Tesla Battles Key Moving Average as Momentum Improves

by Arthur Hill

Tesla was hit hard in early May, but the stock managed to reverse near the 50% retracement and a bullish wedge is taking shape near the 200-day simple moving average. The stock surged from 140 to 270 from mid February to early April... Read More 

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Sina Might Be Best Internet Stock

by Tom Bowley

Sina (SINA) has just seen its SCTR rank break above 70 as its price has broken above multiple tops near 52. Volume on the breakout was very strong, topping 3 million shares for the first time since July 2015... Read More 

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XBI Biotech ETF Surges To Four Month Highs

by Greg Schnell

The Biotechs topped out almost a year ago. With all the new technology in cancer treatment, and a few biotech conferences next week, the rotation towards Biotech is in full gear... Read More 

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Look To This Industry Group For Leadership

by Tom Bowley

The S&P 500 continues to battle overhead price resistance that's been well established since closing at its all-time high on May 21, 2015... Read More 

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Aroon Brothers Gear Up for a Signal in Oracle

by Arthur Hill

Oracle broke above its 200-day moving average back in early March and then pulled back over the last ten weeks. There are signs that this pullback is ending because Aroon Up just surged above Aroon Down... Read More