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.
Here are four stocks positioned right at key technical breakout points.
Horizon Therapeutics Public Limited Company (HZNP) climbed 92 cents to $28.20 on 2.3 million shares Tuesday, more than 1 1/2 times its average volume. The move, which came on no news from the drug maker targeting treatments for rare and rheumatic diseases, edged the stock out of a 2-month sideways channel. A break above the May high near $29.25 could get the stock to $32 next.
Seattle Genetics, Inc. (SGEN) rose 96 cents to $83.38 on 890,200 shares Tuesday. The move, on no news from the developer of cancer therapies, positioned the stock right at the declining tops line of its 2-week wedge pattern. A follow-through breaking out of the wedge could take the stock to $89.
I’ve got five different vertical spreads going, but they’re all leaning toward the bearish side. Just to mix things up, I’d like to offer a long idea for a change: the energy sector, as represented by symbol XOP.
Medical stocks dominate today’s top charts to watch.
AbbVie Inc. (ABBV) climbed $1.72 to $73.85 on 6.2 million shares Thursday. The move came on no news from the maker of Humira and other drugs. The stock has been rallying for the last month, breaking out of a 1 1/2-year declining channel. However, it pulled back on Tuesday and Wednesday to test support before Thursday’s bounce. Watch for a move next to recent highs near $76.
The signals have persisted since the May lows in the Semi sector and
in the broad markets. Nominal Semiconductor (esp. Semi Equipment) stocks
and the sector’s market leadership have remained intact into our window
for a projected cycle bottom, which was the 2nd half of 2019.
This post shines a favorable light on the Semiconductor sector while
at the same time acknowledging that may have little to do with the broad
market’s fortunes as Q3’s reporting begins next month. In other words,
while we have been projecting new highs for the S&P 500 on the very
short-term, there are fundamental and technical reasons to believe the
stock market could be significantly disturbed in Q4. But the Semi sector
is an economic early bird. Let’s remember that.
How about that…since I wrote my post of January 23, GOLD Futures (GC) finally hit just above its target price of 1550 on August 26…and it carried on to make a 2019 high of 1566.20 on September 4, for a gain of 21.58% from that date.
The moving average Golden Cross, that had just formed a couple of days prior to that, held, price retested the 200 MA (which is normal after these form), and the formation is still in play, as shown on the following daily chart of GC.
This is a survey of the biggest winners, on a percentage basis, over a number of time-spans. Below I have created galleries in SlopeCharts of the best gainers for 2019, the past five years, the past ten years, and the past twenty years. I want to emphasize two things: (1) even though I just told you, I’ll say again these are percentage charts, not normal charts; (2) if you want to see the big version of any chart, click on the thumbnail. Unfortunately, the left/right arrows don’t let you navigate the entire set, so you need to click on any specific chart to see it.