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Technical Analysis: Is It Showtime for AMC Entertainment?

Technical Analysis: Is It Showtime for AMC Entertainment?

AMC Entertainment had a dramatic short squeeze in May and June. Now it may be ready to move again following months of consolidation. The price level around $35 is the first noteworthy pattern on the chart of the movie-theater operator. That was a peak in 2015 and...

DR Horton Is Bouncing After a Pullback

DR Horton Is Bouncing After a Pullback

Homebuilders have struggled lately as interest rates rose, but the longer-term prospects remain favorable. Today’s chart considers the pullback in DR Horton, the biggest name in the space. DHI hit a new all-time high of $84.41 on February 11 and pulled back. It’s now...

Cisco Is Holding Multi-Decade Support: Chart Analysis

Cisco Is Holding Multi-Decade Support: Chart Analysis

Cisco Systems has gone nowhere for three years, but now the tech stock may be showing signs of life. First, notice the pullback from new highs in early February. Second, notice where CSCO broke out and is trying to stabilize. The current $45.50 level was resistance in...

Tesla Is Lagging as ‘Old Economy’ Stocks Make a Comeback

Tesla Is Lagging as ‘Old Economy’ Stocks Make a Comeback

Tesla is probably the most prominent stock in the last 12-18 months, surging about 2,000 percent from its peak to trough. But now it may be at risk as sentiment pivots from "new economy" stocks to "old economy" stocks. The chart in this study compares TSLA’s relative...

American Tower: Old Resistance, New Support at Key Line?

American Tower: Old Resistance, New Support at Key Line?

American Tower is the largest owner of wireless towers, and the largest member of the real-estate sector. It’s been in a long-term uptrend thanks to the spread of wireless communications, having doubled between early 2017 and early 2019. It hit new all-time highs last...

Stunner: Intel Is Outperforming Advanced Micro Devices

Stunner: Intel Is Outperforming Advanced Micro Devices

Intel or AMD? The question is almost as old as "Coke or Pepsi?" For years, the two have battled for leadership in the semiconductor market and the stock market. Intel mostly led coming out of the financial crisis but started falling behind in 2016. Now, the charts...