by Gary S. Morrow | Feb 14, 2019 | Chart of the Day, Charts
Big week for shares of home improvement retailer Lowe’s. The stock broke out on Tuesday finishing the session above the January highs. Yesterday LOW closed above the December peak as it begins to put some distance on a very solid support zone. We believe the...
by Gary S. Morrow | Feb 14, 2019 | Chart of the Day, Charts
Shares of CenturyLink are at the top of the biggest losers list for the S&P 500 Index. $CTL is off 9% on extremely heavy trade this morning following a second straight disappointing earnings report. The stock opened the session with an huge downside gap that...
by Gary S. Morrow | Feb 14, 2019 | Chart of the Day, Charts
$OEX turned away at the 200 day moving average yesterday after a 16.5% rally off the Christmas week lows. Consolidation/Pullback...
by Gary S. Morrow | Feb 13, 2019 | Chart of the Day, Charts
Hyatt Hotels is surging this morning ahead of tonight’s 4th quarter earnings report. Shares are up 3.7% and are heading for their best gain in over a year. Next challenge will be the 200 day moving average. Of note, H sports a relatively high short interest...
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 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...
