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Amazon Update

Amazon Update

Heading lower…overhead pressure is intense.  Divergent MACD high in place.  50 day moving average no longer supportive, rolling over.   Downside target=$2850.00-$2900.00.  This area is marked by the June high as well as the 1/3 retrace of 2020 range.  We are...
Texas Instruments

Texas Instruments

Shares of Texas Instruments have given back very little of the powerful gain off the March lows.  At the early September high TXN was up 60% from the 2020 lows.  The stock stalled after re testing the January 2020 highs in June and again in mid July.  In August TXN...
Lockheed Lifting

Lockheed Lifting

Lockheed Martin has been trading in a narrow range since mid July.  This tight action has been hemmed in by a damaging breakdown gap left behind back on June 11.  A fresh rally leg may be on the way.  Solid support is developing underneath as the 50 and 200 day moving...
Citigroup Sinking

Citigroup Sinking

Shares of Citigroup are under pressure again this morning.  Yesterday the stock took a damaging hit following negative regulatory news: https://seekingalpha.com/news/3613808-citigroup-to-get-regulatory-reprimand-shares-sink-5?mod=mw_quote_news.  C finished the day...
Universal Health Update

Universal Health Update

Universal Health Services is in break out mode today.  Today’s 3% gain is driving shares past heavy resistance near $115.00.  This key zone has capped the post March peak at multi month highs.  Since UHS’s solid Q2 earnings report:...