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Amgen Breaks Out

Amgen Breaks Out

Shares of biotech giant Amgen are surging to new all time highs today.  A court ruling regarding Enbrel patents; https://thefly.com/landingPageNews.php?id=3119658, is sparking a powerful 6% gain.  This high momentum move is driving the stock past heavy resistance near...
Conagra Cruising

Conagra Cruising

Conagra Brands is ramping today.  Shares are up 6% following a blow out earnings report:  https://www.marketwatch.com/story/conagra-brands-shares-jump-6-premarket-after-earnings-blow-past-estimates-2020-06-30?mod=mw_quote_news. This powerful move is driving the stock...
Nike Hammered

Nike Hammered

Shares of Nike were pounded on Friday following Thursday night’s disappointing earnings report:  https://www.marketwatch.com/story/nike-fourth-quarter-sales-drop-nearly-40-2020-06-25?mod=mw_quote_news.  The stock closed with a 7.6% loss, on Goldman Sachs(-8.6%)...
Rates Heading Lower?

Rates Heading Lower?

The $IEF(7-10 Year Treasury Bond Fund) is heading for its best weekly close since April 24th.  The index has been working trough a narrow range consolidation since the wild mid March panic action settled down later that month.  The current pattern has allowed the IEF...