If XLV manages to make a decent gain this week, it would suggest that it is breaking its 2.5 month downtrend. I would say that confirmation of this is $72 as it appears it has been both recent support (spring 2015) and resistance (late summer 2015)
I love how this stock has put the bears to shame. It's expensive, but its plans to double revenue and its use of technology to improve the business make it worthy of the high multiple. I don't know how much more this can run - maybe a lot. But in the face of enormous market volatility and numerous naysayers, this stock has managed to hit new 52-week highs and is...
The 2 hour chart shows a cup and handle forming. Does this indicate it's ready to move higher? This pattern failed earlier in the chart, however it was not previously holding a short term trend line as well.
UNH had a ridiculous ER day. This stock lost a ton of ground on about 40K shares PM and a good ER (excellent revenue beat). Stops were busted on this buy-and-hold name after the open on those retailer investors who probably added around 116-118 recently. And then, as you can see from the Chaikin Money Flow, today was all about accumulation (institutions likely got...
