As part of a side trend of USD 155-165, IBM shares are trading within a triangle on the daily charts. Lower volatility is expected while this pattern is shaping up. It makes sense to launch long positions at USD 155-157 and short positions at USD 164.
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On the daily chart, Visa Inc is correcting lower, down from the levels it reached in February. The RSI indicator signals that the correction is not yet over, and the name may drop as low as USD 64. After this, investors are advised to buy with stop loss orders at USD 62 with an upside target toward USD 68.
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On the daily chart, Sprint Corporation is testing the support level at USD 5.5 from below. Notably, the stock broke through this level last year. The name is consolidating under this level, which could mean it may break out of this level to the upside, unlike the situation in September 2014. The price may also move downward toward the support level of a rising...
On the weekly chart, Rio Tinto Pic has again approached the lower bound of a multi-year trend at USD 42. Given that the gauge has repeatedly tested this support level, it may fail to break through this mark again. If this is the case, the price will start moving toward the upper bound of the USD 52-56 range. The first target is the resistance level of the falling...
OMNICARE INC have been moving within a steady rising trend for six months. This week the gauge broke through the support level on the RSI chart and on the daily chart, a double top candlestick pattern has shaped up. This means that a corrective movement toward USD 72 may start.
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On the weekly chart, NETSUITE INC broke through the USD 104 support level in early February. Also, the gauge broke out of a rising trend on the RSI chart. It is likely prices have started to correct against last year’s rising impulse and will shape a correctional pattern. The first systemic signal to open positions may appear after the gauge breaks out of the...
Kemet Corp rebounded from the lower bound of a side trend at USD 4 once again on the daily chart. This time the rebound was accompanied by a false break out of the support level, while a bullish divergence occurred on the RSI chart. This signals that market participants may open positions upward toward the USD 5.50, if the gauge breaks out of the USD 4.50 level. ...
Last week, Edison International shares sent out a signal that the stock could begin to turn north, a trend which lasted for nearly four months. The stock is expected to trade sideways over the next few months. The upper boundary formed at USD 68. And within the next two weeks the stock will be busy forming the lower bound. If RSI falls below 50 by the end of next...
Donaldson Company shares have consolidated near the strong USD 36-37 support level for the second month in a row. On the daily chart, RSI shows a bullish divergence. RSI crossed 50 and is testing the mark to the downside. Should this level hold within two trading sessions, then there will be a buy signal, with the first target price at USD 40.
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The weekly charts show that since the beginning of the year Bank of America Corp. shares have fallen to the lower bound of the side trend, or around USD 15.00. Technical indicators look negative, the stock is consolidating at the bottom, and RSI shows no divergence. All these movements show that the USD 15 mark could be breached to the downside. But here we need...
When analyzing the stock’s performance six weeks ago we assumed that the stock would try to close the gap at USD 17. For a little while the stock’s upside stalled, but was not halted. During this period the stock price formed a triangle, which is a pattern of continued movement. The RSI chart is showing a rising trend, the range of fluctuations is narrowing so in...
Shares of Emcor Group approach the level of $40 for the third time in six month. The third approach is important for the market. If it closes below $39, prices will quickly reach the level of $37. t should be borne in mind that when price will be above $41.5 on the RSI chart, falling trend will be broken out and reversal pattern will shape up, as a result shares...
Shares of Barclays Plc tested support level at $14 on weekly charts in October. Breakdown was false, buy signals in the form of divergences with a $19 target formed. Stop-loss - $14
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Within a couple of months, Deutsche Bank AG shares found a support level at USD 30 and a triple bottom shaped up, confirming RSI divergence. The stock’s closing price above USD 32 will send out a signal to breach the downtrend trend with a target of USD 35.
On the daily chart, Swift Energy Company shares are moving steadily southward. The latest downward movement has picked up slightly, with RSI divergence shaping up. This sets the stage for a corrective rebound to the line of the rising band at USD 5-6.
AT&T declined toward the USD 32 key support level on the weekly chart.
The gauge is currently trying to rebound toward the USD 33 mark on the 4-hour chart. If these attempts are successful, a signal to close the gap at USD 34 will be sent.
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Lear Corp broke through a rising trend not only on the price chart, but also on the RSI barometer chart. This is a strong signal indicating the development of deep correction, which is aimed at closing the gap at USD 86. The intermediary target is USD 92. If the gauge rebounds from this level, investors are advised to open short positions.
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Kirby Corp. shares have been trading lower for more than two months. A second downturn on the daily chart showed the formation of RSI divergence, which is a strong bullish signal. If the stock closes out the session above USD 88, there will likely be a bullish signal with a target price of USD 97.
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