Of the many companies reporting after today’s close, by far the sexiest and most-watched is going to be NFLX.
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.
Four Breakout Stocks to Watch
Here are four stocks from a range of industries breaking out primarily on news, continuing strong technical trends off December lows.
Attunity Ltd. (ATTU) surged $1.48 to $23.39 on 709,200 shares Wednesday on more than double its average volume. The move came ahead of the data management software company’s announcement today that it will release its quarterly and annual financial results on January 31. The move positioned the stock right up against a triple top going back to November. The stock’s On-Balance Volume indicator is making new highs ahead of price, a positive sign. A break through here could lead to $28 next.
Small Caps Overbought
I’ve made the indicators king-sized for clarity, but here is the Russell 2000 ($IWM) cash index with the CCI indicator from SlopeCharts:
Hit and MS
With all of the recent lame earnings reports for banks yielding nothing but surging prices, it’s comforting to see that Morgan Stanley (symbol MS) is actually behaving rationally, down over 4% in the pre-market following its earnings report. Looking at the past decade, you can plainly see how MS is inclined toward major reversal patterns.
