After slipping from about $150 to $135.50, it appears to have caught strong support dating back to late 2023. It’s also oversold on RSI, MACD and Williams’ %R and could push aggressively higher, especially with the back-to-school season already here. Also,...
Keep an eye on oversold shares of Chipotle (CMG). Post-split, the stock pulled back to $48 and is just starting to pivot higher. It’s also just starting to pivot from over-extensions on RSI, MACD and Williams’ %R. From its last traded price of $55.55, we’d like to see...
Keep an eye on oversold shares of Lattice Semiconductor (LSCC). For one, it’s over-extended on RSI, MACD and Williams’ %R. Two, the last time it became this oversold using those indicators, the LSCC stock bounced from about $52 to a high of $85. Helping, Raymond...
Keep an eye on oversold shares of Advanced Micro Devices (AMD). Now at $130.18, AMD is technically over-extended on RSI, MACD and Williams’ %R. From here, we’d like to see an initial retest of $150. Helping, Piper Sandler just reiterated that AMD is a top pick, with...
There’s a good deal of oversold stocks out there. Look at Taiwan Semiconductor (TSM), for example. After gapping to a low of $133.86, the tech stock is oversold on RSI, MACD and Williams’ %R and could bounce higher. Helping, Morgan Stanley just named TSM a top pick...
by Ian Cooper Gold prices now sit at record highs above $2,400 and could push aggressively higher. All thanks to a higher likelihood of interest rate cut from the Federal Reserve this year. “Lower yields, some safe-haven buying and then the idea of a weakening...
With economic slowdown fears sending markets lower, protect your portfolio for even more volatility. Some of the top ways to do that are by picking up: ProShares Ultra VIX Short-Term Futures ETF (UVXY) --The ETF was designed to match two times (2x) the daily...
Thanks to a devastating broad market pullback, Amazon (AMZN) gapped from about $187 to a recent low of $160.55. However, it appears the drop is overdone, with the stock now excessively over-extended on RSI, MACD and Williams’ %R. The last time we saw such...
Oversold shares of First Solar (FSLR) look interesting again. After pulling back from about $300 to $216, the solar stock appears to have caught strong support at its 100-day moving average. Plus, it’s starting to slowly pivot higher from over-extensions on RSI, MACD...
Over the last few days, Nvidia (NVDA) slipped from about $125 to a recent low of $103.73. Not only is it oversold at its 100-day moving average, but it’s also over-extended on RSI, MACD and Williams’ %R. Plus, according to Morgan Stanley, “the selloff is...