Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Of all the hundreds of companies reporting this week, there is one that stands head and shoulders (so to speak) above all others, and it is this:
Here are four stocks with strong technicals lifted by earnings and other news.
CareDx, Inc (CDNA) jumped $1.56 to $26.11 on over $1 million shares traded Wednesday, more than 1 1/2 times its average volume. The transplant diagnostics company is scheduled to report third quarter results on November 8. The move popped the stock out of a month-long coiling pattern. A move through the October 1 high near $19.50 could accelerate the stock towards the channel top in the high-$30’s.
FireEye, Inc. (FEYE) leapt $1.64 to $18.49 Wednesday on huge volume of 18 million shares, 3 1/2 times its average volume. The cybersecurity company released better-than-expected third quarter results after the close Tuesday. The stock appears to be emerging out of a multi-year basing pattern. Resistance is at the April high of $19.36. A move through that could get the stock towards the channel top at around $22.
Tandem Diabetes Care, Inc. (TNDM) rose $2.92 to $37.61 Wednesday on 2.2 million shares. The developer of insulin delivery systems is scheduled to report after the close today. Wednesday’s move broke the stock above the declining tops line from its pullback off the September high. The stock faces next lateral resistance just above here at $37.70, and then minor resistance at $40.50, a move through which could accelerate it higher.
Xilinx, Inc. (XLNX) gained $3.32 to $85.37 Wednesday on 5.7 million shares, more than twice its average volume. The maker of programmable chips reported better-than-expected earnings last Wednesday, and also has reportedly won orders from Microsoft Corp.’s Azure cloud unit. The move broke the stock out above recent highs from early October, positioning it for a move next towards the rising channel top near $92. (more…)
I created a lot of never-done-before innovations in charting with JavaCharts and ProphetCharts, many of which are industry standards today. One of them was the notion of providing extra space on the right side of the chart, so you could have the opportunity to peer into the future with price projections. I find the ability to look into the future (even without the benefit of price bars) to be crucial when drawing objects and trying to contemplate price projections.
I included feature this with SlopeCharts, but until today it was always a fixed amount of time. We’ve now given you the ability to “stretch” the x-axis to give yourself more of the future. You just point to the x-axis scale and drag the mouse to the right. The silent video below shows how this works.
Many Street analysts consider the iShares South Korea ETF (EWY) as a proxy for the health of global technology, the semiconductor sector, the chip sector, and perhaps the retail electronics sector as well.
One look at my weekly chart of EWY shows that it has been in the grasp of a major correction or possibly even bear phase since its January all-time high at 79.07 into Tuesday’s low at 56.34, a near 30% decline. This decline has retraced two-thirds of of the entire prior advance from the August 2015 low at 42.94 to the January 2018 high at 79.07. One could think that the ugly EWY performance reflected deteriorating relations with North Korea, but, ironically, relations have not been so promising since 1950! (more…)