by Gary S. Morrow | Jun 23, 2022 | Chart of the Day
Moody’s Corp is showing signs of life. At last week’s low the stock had extended its drop from the 2021 all-time highs to 38%. This deep sell off drove shares below its 2021 lows as well as the 40 week moving average. Since Mondays’ open MCO has...
by Gary S. Morrow | Jun 21, 2022 | Chart of the Day
At last week’s low shares of AMAT had fallen nearly 50% from its 2022 peak. This steep decline has pushed the stock to its deepest oversold reading(weekly/MACD) on record, far more oversold than at the March 2020 bottom. As AMAT dipped into new low territory...
by Gary S. Morrow | Jun 10, 2022 | Chart of the Day
Let’s Go Brandon! Hat tip Charlie Bilello
by Gary S. Morrow | Jun 8, 2022 | Chart of the Day
At last month’s low shares of DOCU were down 80% from their 2021 all-time high. 2022 loss=58%. This steep earnings driven collapse drove the stock all the way down to its 2020 lows. The 2020 low was printed one week before DOCU began its meteoric climb(+385%)...
by Gary S. Morrow | Jun 3, 2022 | Chart of the Day
Florida, Texas and Tennessee have no state income taxes. Hat tip Wirepoints.com
by Gary S. Morrow | May 31, 2022 | Chart of the Day
Starbucks extends its gain off the May lows to 14%. Last week the stock pierced the upper trendline of a five month bear channel. SBUX is adding to this impressive breakout as the new week begins. A retest of the declining 50 day moving average, which capped the...
