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Shutterfly Inc. has been working on an intermediate-term bottom for most of this year. Momentum has moved the price up to just below the bottom completion level. There is also a Shift of Sentiment on the Balance of Power Indicator revealing Dark Pool intermittent Quiet Accumulation.
The Confections Industry has had an unusually strong year thus far, with some companies’ stock in speculation mode. HSY shifted briefly to a sideways pattern after a gap. It is now back in speculation mode.
SEE has one of the harder tops to identify before the collapse called a Sheer Cliff. The rounding price action occurs because larger lots are carefully selling into rising prices. The Sheer Cliff occurs when buyers disappear. The stock is holding at the gap up support level.
CINF is an S&P 500 index component. The chart shows a platform sideways pattern typical of Dark Pool hidden accumulation. This was followed by a long white candle that was not HFT driven. The stock is now in another consolidation, at a new high with more hidden accumulation.
MSFT has been moving up often due to buybacks of its shares of stock moving price up. The stock gapped recently and then retraced. Additional buybacks support the current level of price. However, indicators are not all confirming more upside action.
APD is an S&P 500 index component. APD has a highly unusual inverted candlestick pattern suggesting hidden momentum. Usually candlesticks shrink in size as a stock runs up over an extended period of time. APD candles are much larger at this level than at previous price levels below.
KTOS is an S&P 500 index component. It rose on surges of HFT orders on sequential days, defying the sell down on the major indexes. Smaller funds managers often buy stocks with surges of volume, assuming this is Dark Pool activity when it is not.
HFTs rarely trade a stock more than one day. ECPG has 2 days of HFT action moving the stock with strong momentum with high volume. Often VWAP orders from smaller funds will trigger after an HFT run day. The stock breached resistance but is at risk for professional traders taking profits. ECPG is an S&P 500 index component.
Gilead Sciences, Inc. is testing the resistance to begin completion of this longer-term bottoming formation. The W bottom formation has tiers of resistance to overcome. Hybrid Leading Indicators show strengthening pattern.
Incyte Corp. has overlapping white candles on a strong move out of a short-term bottom. The overlaps are caused by pre-market open selling that gaps the stock down. The run up shows strength within the buy side.