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Nike (NKE) Suggests The 2017 Race Is Not Over

by Greg Schnell

Nike (NKE) popped up 8% this morning on earnings right at the mid point of the year. Nike accelerated straight up for 3 years before topping in 2015. After retracing 20%, the stock tried to climb and it looks like its working to take the lead... Read More 

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Yields Soar, Banks Explode Higher

by Tom Bowley

The stubbornness of treasury buyers has kept a lid on treasury yields and, as a result, banks ($DJUSBK) have struggled to determine which direction they should move. Well.....this morning's reaction to an upwardly-revised GDP number (TNX up 7 basis points to 2... Read More 

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XRAY Traces Out a Classic Bullish Continuation Pattern

by Arthur Hill

Dentsply International (XRAY) has a large cup-with-handle pattern forming over the last twelve months and the stock is on the verge of breaking rim resistance. Popularized by William O'Neil of Investors Business Daily, the cup-with-handle is a bullish continuation pattern... Read More 

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Valeant (VRX) Investors Putting In A Valiant Bid For Investor Interest

by Greg Schnell

Valeant (VRX) investors watched their stock top out 2 years. Anyone still holding the stock from back then needs a return of 100's of % to get back to where they once were. Frustrated investors sold VRX to claim their capital losses... Read More 

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HCA Healthcare Bounces off Breakout Zone

by Arthur Hill

HCA Healthcare (HCA) is turning up at a key level and showing signs that the long-term uptrend is resuming. HCA is in a long-term uptrend because it broke out in January and recorded a 52-week high... Read More 

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First Solar Starts Generating Some Power (FSLR)

by Greg Schnell

First Solar (FSLR) has been down and out for a while. The SCTR ranking has been below 10 for a long time. The SCTR started to surge in early May but fell back. This week it kicked back up to 85. With Friday's high close, FSLR is starting to generate some price power... Read More 

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BLUE Looking At Blue Skies Ahead?

by Tom Bowley

Biotechnology stocks ($DJUSBT) were the second best performing industry group last week, trailing on renewable energy ($DWCREE). Both groups appear poised to continue their rally based on their longer-term weekly technical outlook... Read More 

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BioMarin Next In Line For Breakout Among Biotechs?

by Tom Bowley

BioMarin Pharmaceutical (BMRN), like the overall biotech industry ($DJUSBT), has struggled for the past 18 months to clear overhead price resistance... Read More 

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MACD Histogram Teeters as AT&T Breaks Wedge Line

by Arthur Hill

Despite a strong stock market in 2017, AT&T ($T) is having a tough time with a breakdown in early May and a sharp decline below the 200-day SMA. The stock rebounded after a double-digit decline with a bounce back to the 200-day SMA, which is now falling... Read More 

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Clorox (CLX) Polishes A New High

by Greg Schnell

Clorox (CLX) is a big Consumer Staples company showing off a new 52-week high this week. The breakout jumps above a 2016 top and a high touched in March 2017... Read More 

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Breakout in Biotech SPDR Signals Trend Continuation

by Arthur Hill

The Biotech SPDR (XBI) is starting to lead the market again with a consolidation breakout and 52-week high. The chart shows the ETF hitting an initial 52-week high in February and then consolidating for four months... Read More 

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Cerner Corp Tests Key Price Support

by Tom Bowley

It's always nice to go back to the basics of technical analysis. Broken resistance becomes support. That's currently the case with Cerner Corp (CERN) where the stock recently cleared price resistance just above 65... Read More 

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Amazon Delivers "Clean Up In Aisle 1" Message To Grocers

by Greg Schnell

Amazon (AMZN) stepped up and bought shares of Whole Foods (WFM) for $13.7 B. While Whole Foods shareholders saw some relief from the prolonged pain of holding the stock, the rest of the industry group plummeted on the news... Read More 

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Would The Real Bank Trend Please Stand Up?

by Tom Bowley

One look at the 10 year treasury yield's ($TNX) decline the past several months provides proof that the bond market isn't exactly agreeing with the Federal Reserve's stated position that they see economic improvement in the months ahead... Read More 

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Celgene Holds Breakout Zone and Turns Up

by Arthur Hill

Celgene (CELG) is a large biotech stock that is part of the Biotech iShares (IBB) and the Biotech SPDR (XBI). Overall, I would suggest that the long-term trend is up because the stock hit a 52-week high in mid-March and the 50-day EMA is above the rising 200-day EMA... Read More 

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Citi (C) Holds It's Breakout

by Greg Schnell

Citi (C) rallied last week to push to new highs. This week, Citi is holding up with the Fed meeting tomorrow. The SCTR is close to moving into the top performing area above 75... Read More 

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NUE Shows Early Signs of Ending its Correction $NUE

by Arthur Hill

Nucor (NUE) is flat year-to-date and lagging the S&P 500, but the bigger trend is up and short-term momentum is turning up... Read More 

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Applied Optoelectronics Follows Other High SCTR Stocks Lower On Friday

by Tom Bowley

If you're someone that finds great investments among the high SCTR (StockCharts Technical Rank) stocks, you probably enjoy better than average returns most of the time. However, Friday was not one of those times... Read More 

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State Street (STT) Turns Up The Hill

by Greg Schnell

State Street (STT) turned up to new highs this week with a stronger consolidation pattern than the big banks have shown. State Street did not drop down to test the lows recently and still has not tested the 200 DMA which most of the bank stocks have been doing... Read More 

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Industrials Back Test Their Ascending Triangle Breakout

by Tom Bowley

Over the past week, it's been about an even split among sectors in terms of winners and losers. Industrials (XLI) is one sector that's been slightly lower over the past week, but technically things still look very bright in this space... Read More 

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Vulcan Materials Consolidates above Breakout Zone $VMC

by Arthur Hill

After struggling the first three months of the year, Vulcan Materials (VMC) is showing signs of life since late March with good upside volume and a breakout in early May. Notice that the stock broke above a resistance zone in the 122-125 area and this zone turns into support... Read More 

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Gold Finally Breaks Out With The Miners

by Greg Schnell

Investing in Commodities has been tough for the first 1/2 of 2017. Every rally was a false breakout and every opportunity seems to have dried up... Read More 

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UPS Goes for a Breakout

by Arthur Hill

United Parcel Service (UPS) has been lagging the broader market this year, but may be turning around as it bounces off support and momentum turns up. UPS surged to a 52-week high in December and then retraced 50% with a sharp decline in January... Read More 

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Fortinet In Strong Industry, Tests Gap And Price Support

by Tom Bowley

Fortinet (FTNT) is down roughly 5% from its recent price high as money rotates within the software industry ($DJUSSW). It's up close to 30% year-to-date, however, so a little profit taking in the short-term is likely providing an opportunity... Read More 

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Abbott Labs (ABT) Cracks The Glass

by Greg Schnell

Abbott Labs (ABT) has been trapped under the $45 level for about 18 months. This week, the stock blew through the glass ceiling, cracking new highs. The recent breakout in late February was a cautionary signal the stock was trying to go higher... Read More 

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Coal Facing Poor Technical Conditions And Historical Headwinds

by Tom Bowley

The Dow Jones U.S. Coal Index ($DJUSCL) spent 2016 bouncing from the ashes after a disastrous 2015 in which the DJUSCL lost 90% of its value. The "dead cat bounce" looks as though it may have ended as price action has rolled over and the weekly MACD has clearly turned bearish... Read More