Facebook Stock In No Mans Land
Social networking website Facebook Inc (FB) this week celebrates the one-year anniversary of its initial public offering. On May 18th 2012 the company sold shares to the public at $38 per share, and the time had a valuation larger than Walt Disney (DIS), among other large companies. Fast forward twelve months and the stock trades […]
Nokia, Still A Sloppy Chart
Global mobile communications company Nokia Corp (NOK) hasn’t had the best start to the year as it currently again wobbles around around the -8.00% year to date. Of course the company’s fall from grace over the past decade or so has been well documented as competitors like Apple Inc (AAPL) and Samsung have pulled the […]
Solar Energy ETF Still Eyeing Upside
Solar energy stocks are known to be rather choppy in behavior, which is why last Friday’s May 10th breakout to 2013 highs of the Guggenheim Solar ETF (TAN) sparked my interest. Through a multi-year lens the exchange traded fund, and hence its holdings, has seen a rough going in recent years. The bleeding however stopped […]
Coach, Inc Coiling-Up For Further Upside
Fashion accessories firm Coach, Inc (COH) has seen an impressive 17.50% rally over the past three weeks as both U.S. and European stock markets pushed sharply higher. Even though medium-term overbought, the stock still looks to have another 4 %- 5% left to go until better resistance is reached. On the multi-year chart below, Coach, […]
Tesla Motors Inc, The Stock Needs Time To Calm Down
Let’s just look at the quick facts about the chart of Tesla Motors Inc. (TSLA): the stock has essentially doubled in roughly one month’s time. Whether the magnitude of the move was exaggerated by a short squeeze or trend followers having to chase the stock higher does not make a huge difference to me at […]
Morgan Stanley To Play Catch-Up
Global banking giant Morgan Stanley (MS) has seen its fair share of volatility in the stock price in recent years. After the large drop in 2007 and 2008, the stock rebounded sharply into the autumn of 2009 along with the rest of the market. Much like its peer Goldman Sachs Group Inc (GS) however, the […]
Microsoft – Digestion Time
Software giant Microsoft Corporation (MSFT) spent the better part of the past decade building what in hindsight may have been a significant bottoming formation on the stock’s chart. Plagued from the commoditization of the PC industry, among other things, the stock just couldn’t find any upward momentum that stuck around for longer than a handful […]
Monster Beverage Corp Breakout Level
From 2011 through the first half of 2012, energy drinks distributor Monster Beverage Corporation (MNST) was a trend follower’s dream stock. Pull-backs to simple support areas were shallow and subsequent buying came back steadily. Many a fund could have made its year, by just following the stock higher. The larger picture up-swing, almost 650%, which […]
Banks – Too Early To Short
Who doesn’t remember the big bank shank of 2007 – 2009…hard not to. Yet it hasn’t paid one ounce to be bearish on said stocks for more than a trade since the key higher low (versus the absolute low in March 2009) of September 2011. As traders and investors, we have a choice to either […]
Apple, Still Lacking Friskiness
As the Apple Inc (AAPL) earnings parade has come and gone, it is time again to focus on the charts that are rather than what was, should be, or what analysts think will be. Post the company’s earnings announcement on Tuesday, the analysis revisionists, also known as the sell-side analyst community, was busy taking their […]