Check the charts, yo
Posted on November 2, 2009 at 8:57 am
Mutual fund manager Michael Kahn says stocks are due “for a real correction” now that the momentum from positive earnings reports has petered out.
Breakdowns are also evident in managed-care stocks, steel, clothing, retail, semiconductors, homebuilders, gaming and many others. The selling is affecting all major areas of the market and not just a select few.
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Tractor Supply breaks technical barrier
Posted on August 14, 2009 at 1:21 pmZacks sees good things ahead for shares of Tractor Supply (Ticker: TSCO) now that the stock has broken through $45.
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Health care stocks looking ill
Posted on June 16, 2009 at 7:35 amAfter a strong runup this spring, the technical charts for the health care providers ETF (Ticker: RXH) already weren’t looking good. Now that President Obama has called for steep spending cuts, publicly traded health care stocks are set to fall further, says one mutual fund manager.
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Baird lifts Tractor Supply above market
Posted on June 3, 2009 at 11:15 amSpecialty retail analyst Peter Benedict, who was formerly at Wachovia, has initiated coverage of the Brentwood-based company with an ‘outperform’ rating and a $48 price target. The stock (Ticker: TSCO) is up about 1 percent to $41.75 this morning, bucking the S&P’s 1.5 percent drop. The shares are rising into territory that has served as a technical marker since early 2005.
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A glimmer of hope for financials
Posted on January 21, 2009 at 3:05 pmFinancial stocks led the market higher Wednesday and local and regional banks followed for the most part.
Market watcher Joey Fundora says sentiment may – finally and very quietly – be shifting on financial stocks, which began to sliding some 18 months ago.
“Divergences don’t offer trading signals, only warnings or clues that momentum can be shifting from one group to another. A trader must be on the alert for other signals to confirm whether the divergences will take hold or not.”
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Positive technicals for Healthways
Posted on January 14, 2009 at 8:08 amA high-volume move up last Friday could signal a prolonged positive move, for the stock (Ticker: HWAY), according to one technical analyst.
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Flagging shares of America Service
Posted on January 5, 2009 at 2:20 pmInvestopedia columnist Joey Fundora says the technicals of the prison health care provider (Ticker: ASGR) are predicting another strong run up.
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