Technology
Chart Study: Do You Know This Chipmaker Getting Close to Record Highs?

Chart Study: Do You Know This Chipmaker Getting Close to Record Highs?

Micron Technology (MU) has stalled after a big rally. Is it time to buy the dip? The first pattern on the memory-chip maker's chart is the oversold condition on stochastics. Given its current uptrend, strong fundamentals and positive macro backdrop (GDP +6%), that...

Bearish Triangle and Death Cross in Zoom Video: Technical Analysis

Bearish Triangle and Death Cross in Zoom Video: Technical Analysis

As Zoom Video Communications continues to struggle, more bearish patterns have appeared on the chart. First, the recent price action has resulted in a descending triangle , with support around $309. This is a classic continuation pattern, pointing to potentially more...

Sports Betting Is Back in Focus with NCAA Finals and MLB Weeks Away

Sports Betting Is Back in Focus with NCAA Finals and MLB Weeks Away

NCAA basketball is reaching its finale with the baseball season about to start. It's a great time revisit companies with exposure to sports betting. Led by stocks like Penn National Gaming (PENN) and DraftKings (DKNG), sports-betting is a new industry. It was made...

Technical Analysis: Don’t Forget About Chip Stocks

Technical Analysis: Don’t Forget About Chip Stocks

The Nasdaq is trying to stabilize, which could draw buyers back to semiconductors. Chip stocks like NXP Semiconductors (NXPI), Broadcom (AVGO) and Lam Research (LRCX) were some of the biggest gainers in the Nasdaq-100 last week. That helped push NDX ahead of the...

Apple Is Barely Holding Support. Should the Bulls Worry?

Apple Is Barely Holding Support. Should the Bulls Worry?

Apple rallied in December after holding $120. Now it’s back and threatening to break support at that level. The price action is part of the ongoing technical weakness in the smart-phone giant. It had a false breakout in January and a trend-line failure last month....