Gamestop Corp – Double-Top Or Pop?
Specialty electronic game and PC entertainment software retailer GameStop Corporation (GME) is one stock that is no stranger to volatility. After dropping from an area just north of $60 in late 2007 the stock didn’t find a real bouncable bottom until late 2008 closer to the $17 area, from where it rallied into the spring […]
Stock About To Fall Out Of A Key Technical Pattern
B/E Aerospace, Inc (BEAV), manufacturer of interior products for airplanes has seen a sharp rally off its August 2012 lows. Given the company’s close association and exposure to the commercial aviation business, it’s no surprise that the stock’s now 10 month old rally came much in correlation with a rally in the airline stocks. To […]
Hewlett Packard Sniffing At Important Resistance
Computing and printing systems giant Hewlett-Packard Company (HPQ), much like many of the other box makes such as Dell Inc (DELL), has seen a dramatic demise in its stock price over the past three years. After peaking in the summer of 2000, the stock came back down to earth with the burst of the ‘internet […]
Watch This Level On The Oil Charts
With Memorial Day having come and gone, the U.S. summer 2013 driving season has officially kicked off. Surprisingly however, prices at the pump have not yet moved much higher. Where at the beginning of May a gallon of U.S. regular gasoline coast a national average of $3.603, by end of the month it had risen […]
GE, Still Pushing Solidly Higher
Global technology and financial services giant General Electric Company (GE) has been in a steady incline ever since the 2009 capitulation bottom in the broader market. Yet despite the stock’s roughly 250% rise since then, it has barely recouped 50% of the big drop off from late 2007 through early 2009. In other words, the […]
Facebook Wobbling On Its Last Technical Legs
In my last discussion on the charts of Facebook (FB) on May 17 I stated that through both the longer and shorter-term points of view the stock to yours truly at the time didn’t offer great risk/reward for trades in either direction. Fast forward roughly one and a half weeks to today and while the […]
Apple: Bullish above $430
Since on May 8th I wrote here (http://investorplace.com/2013/05/apple-positive-posture-but-overbought) that Apple Inc. (AAPL) was near-term overbought, the stock pulled back close to 10% over the ensuing six trading days. By May 16th the stock subsided much of its overbought readings and now is back in a more neutral stands where bulls should have the edge again. […]
The Nikkei Tanks, What’s Next?
Japanese equities have seen quite the movements so far this year. The benchmark Nikkei index rose just about 50% from January 2nd until May 22nd, but post the FOMC meeting notes lost a quick 7.30% on May 23rd. It’s a frisky pup this Nikkei, and you wanted to be a trader? While the sharp and […]
Agricultural Chemicals Stock At Last Technical Support
Not many stocks this year are in the minus column for the year, but those that are may get weaker still if and when the broader market were to correct a few percentage points. One company who’s stock recently seemingly couldn’t get out of its own way is agricultural chemicals firm Agrium Inc. (AGU), year […]
Yahoo A little Too Frothy Near-Term But Solid Longer-Term
Global internet media company Yahoo! Inc. (YHOO) has made the news more frequently than Lindsay Lohan over the past couple of years. From restructurings to corporate raider attacks, a new CEO, and most recently an expansion in New York City, including the acquisition of Tumblr for $1.10 billion, it’s been enough to make even the […]