by Gary S. Morrow | Feb 12, 2019 | Chart of the Day, Charts
Shares of Qualcomm are trading at new February highs today. The stock is up 2.3% and is headed for a close above last week’s high. Highlights: QCOM fell to within $1.00 of a major support zone(2017/2018 lows) following a nasty breakdown on Jan....
by Doug McKay | Feb 12, 2019 | Chart of the Day
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by Gary S. Morrow | Feb 11, 2019 | Chart of the Day, Charts
A very solid little base has been forming in shares of Conagra. At the December lows the stock was down nearly 50% from the 2018 peak. CAG posted its lowest weekly close since Q3 of 2012 in December. The stock was also at its steepest oversold reading since 2000 at...
by Gary S. Morrow | Feb 11, 2019 | Chart of the Day, Charts
HPQ is bumping up against heavy resistance as the new week begins. The stock is up over 20% from the Christmas week lows. At the December lows the stock reached an oversold reading not seen since 2011(daily MACD). In mid December HPQ experienced a 50/200 day moving...
by Gary S. Morrow | Feb 11, 2019 | Chart of the Day, Charts
Shares of Salesforce.com are testing all time highs today. The stock is up 2.8% as it extends its January 7th breakout to a 16% gain. Since CRM’s last earnings report(11/27) shares are up 25%. Highlights: CRM re entered extremely overbought territory(daily...
by Doug McKay | Feb 11, 2019 | Chart of the Day
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