Sectors
Tesla Is Weaving in Its Lane: Chart of the Day

Tesla Is Weaving in Its Lane: Chart of the Day

Tesla has been on anything but autopilot since peaking above $1,240 in early November. The EV giant first made a lower high near $1,200, followed by a lower low under $900 yesterday. Taking a step back, the price action is starting to resemble a downward channel. This...

Options Alert: Heavy Call Volume Appears in the Top Utility Stock

Options Alert: Heavy Call Volume Appears in the Top Utility Stock

Utilities broke out to new highs yesterday, and an option trader targeted the biggest company in the sector. Check out the call unusual volume in NextEra Energy (NEE): A block of 17,919 December 90 calls traded for $1.A block of 17,919 March 100 calls changed hands at...

Chart of the Day: Mega Candle in Johnson & Johnson

Chart of the Day: Mega Candle in Johnson & Johnson

Johnson & Johnson is often a dull stock, but it had some exciting price action yesterday. The health care giant dropped 1 percent in the initial seconds of trading, undercutting Friday's low. Buyers immediately came out of the woodwork, driving the stock to its...

Crocs Is Trending Higher: Technical Analysis

Crocs Is Trending Higher: Technical Analysis

Footwear stock Crocs has been in a steady uptrend since the market bottomed in March 2020. Now it's pulled back and may be interesting to swing traders. The first pattern on today’s chart is the 50-day moving average. CROX tested it on Friday and Monday, closing above...