Sectors
Technical Analysis: Will Tesla Shares Drive Higher?

Technical Analysis: Will Tesla Shares Drive Higher?

Tesla more than doubled between January and mid-February. It retraced almost half that move last month and is now trying to bounce. Will the move continue? The first pattern on today’s chart is the 50-day moving average, which the electric-car maker tested and held at...

Chart of the Day: Exxon Mobil Has Pulled Back

Chart of the Day: Exxon Mobil Has Pulled Back

Exxon Mobil has steadily advanced for more than a year, and its current pullback may interest trend followers. The first pattern on today’s chart is $104.76, XOM’s previous all-time high from 2014. Notice how this level was ... For more,...

Technical Analysis: Pullback in Yum Brands

Technical Analysis: Pullback in Yum Brands

Yum Brands had a strong rally in late 2022. Now after a pause, the restaurant company may interest pullback buyers. The first pattern on today's chart is $125.70, a daily closing high from last April. YUM hesitated below that level in November and then began the New...

Technical Analysis: Have Chipmakers Already Bottomed?

Technical Analysis: Have Chipmakers Already Bottomed?

Most people know that technology stocks ended 2022 on a weak note. But they may not realize one group started to outperform: chipmakers. The first pattern on today’s chart of the Philadelphia Semiconductor Index is the falling trendline along the highs of last year....