by Gary S. Morrow | Apr 16, 2019 | Chart of the Day, Charts
Thor Industries, a leader in the recreational vehicle industry(towables) is poised for a breakout. The stock is once again bumping up against heavy resistance near $71.00. A clear break through this zone could spark quite a run. We consider THO a fairly low risk...
by Gary S. Morrow | Apr 15, 2019 | Chart of the Day, Charts
Over the last 20 years April has been the best month of the year for stocks. The best part of the month is usually back loaded. Great stat from Ryan...
by Gary S. Morrow | Apr 12, 2019 | Chart of the Day, Charts
Big day for PNC financial, well, actually a huge day for financials/banks in general. Then there was Wells Fargo… PNC closed out the week with an earnings driven 3% gain on very heavy trade. This powerful breakout drove the stock past its declining 200 day for...
by Gary S. Morrow | Apr 12, 2019 | Chart of the Day, Charts
The PPH(VanEck Vectors Pharmaceuticals) is heading for its lowest weekly close since late January. The index has pierced a key trendline as overhead pressure intensifies. We expect more downside in the near term. Top five PPH holdings: Abbvie Inc(ABBV/5.3%) Novo...
by Gary S. Morrow | Apr 11, 2019 | Chart of the Day, Charts
The longest streak ever… Hat tip...
by Gary S. Morrow | Apr 10, 2019 | Chart of the Day, Charts
FCX is setting up well for a fresh rally leg. Heading for 2nd straight weekly close above the 200 day moving average(last time this happened-late July). Declining 50 day moving average provided heavy resistance following the August 1st breakdown. Upward sloping 50...
