by Gary S. Morrow | Jul 8, 2021 | Chart of the Day
Shares of Check Point Software have been trading inside its April range since the April 26th earnings report. This narrowing action has been capped by the stock’s 200D moving average. At present CHKP remains rangebound but is showing some relative strength. ...
by Gary S. Morrow | Jul 7, 2021 | Chart of the Day
Fastenal is in full breakout mode today. Shares are up 2.5% at mid day placing it near the top spot on the $SPX gainers list. This powerful move is driving FAST through a key overhead trendline that links the May/June highs. We expect more upside in the near...
by Gary S. Morrow | Jun 30, 2021 | Chart of the Day
WYNN is setting up as a low risk buy. Solid support is in place near $120.00. The stock has been consolidating in a narrow range since mid February. WYNN is far from overbought, daily MACD is sitting near neutral. A close below $119.00 would be a clear warning...
by Gary S. Morrow | Jun 29, 2021 | Chart of the Day
Choppy action til October would not be out of character. Hat tip Rob Hager/@Rob_Hager
by Gary S. Morrow | Jun 24, 2021 | Chart of the Day
Disney is setting up well for a fresh rally leg. Solid footing is in place near $168(Feb/Mar lows). The stock is far from overbought(daily MACD=neutral). A close above $181.00 would violate a key overhead trend line that links the March/May highs and would also...
