Communications
Troubled Trio? Why These Megacaps Are Faltering in 2024

Troubled Trio? Why These Megacaps Are Faltering in 2024

The stock market is off to a roaring start in 2024, but three former leaders might be left behind. Apple (AAPL), Tesla (TSLA) and Alphabet (GOOGL) have dropped in recent weeks as the S&P 500 and Nasdaq-100 rallied to new highs. They're now below chart levels that...

Chart of the Day: Potential Uptrend in DraftKings

Chart of the Day: Potential Uptrend in DraftKings

DraftKings spent four months digesting a strong first half. Now after a rally and pullback, traders may see more upside in the sports-betting stock. The first pattern on today's chart is the August peak of $34.49. Strong earnings propelled DKNG through that level in...

Chart of the Day: Netflix Consolidates After Earnings Surge

Chart of the Day: Netflix Consolidates After Earnings Surge

Netflix jumped earlier this month after announcing results. It's now consolidating, and some traders may see potential for more upside. The first pattern on today's chart is the bullish gap on October 19 following the quarterly report. Prices cleared a peak of $394.90...

Chart of the Day: Alphabet Pulls Back After Earnings Rally

Chart of the Day: Alphabet Pulls Back After Earnings Rally

Alphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity. The first pattern on today’s chart is the bullish gap on July 26 after revenue beat estimates and its Cloud business surprised to the...

Technical Analysis: Don’t Forget About Alphabet

Technical Analysis: Don’t Forget About Alphabet

Alphabet has been on the sidelines since a big rally in May. Is it time for traders to think about more upside? The first pattern on today’s chart is last August’s peak around $122.43. GOOGL chopped on either side of the level for three weeks but has mostly stayed...