"It's bumping up against the top line of what's called a symmetrical triangle pattern," Maley said. "If it can get a little bit further above that, that's going to be bullish.""That provided really tough resistance back in June," Maley said. "If it can break above that, which would also give it a higher high, that's when you're really going to see the momentum in the stock.
"I guess my point is don't send this stock into the batter's box right now," he said. "Put it in the on-deck circle because there's all the uncertainty out there. Don't be afraid to miss a little bit of upside. But if it can break above its 200-day moving average, it's really going to fly with a lot of momentum. So, be ready to use it if and when it comes."
Don't miss Seema Mody's exclusive interview with Booking Holdings CEO Glenn Fogel this Friday at 1 p.m. ET on CNBC's
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Etsy hits all-time highs ahead of earnings. Two traders on whether it can keep winningEtsy hits all-time highs ahead of earnings. Two traders on whether it can keep winning $ETSY (via TradingNation) TradingNation What do these guys even do? TradingNation ZimbabweanLivesMatter
Source: CNBC - 🏆 12. / 72 Read more »
Supermarket giant Ahold reports 78% surge in second quarter earnings amid coronavirusAhold Delhaize NV , a major operator of supermarket chains in the United States and Europe, reported better-than-expected sales and underlying operating income for the second quarter of 2020, as coronavirus lockdowns drove more traffic through its stores and online delivery services. More than that. I bet. When I see the egregiously inflated price of tomatoes and other veggies and fruit in the Migros and the coop_ch Coop (here in Switzerland, in the MIDDLE OF SUMMER, I can understand why... The small shops and markets closed, the userers have come out of the woodwork. Yeah they can chimera-ed their gods as a lion but they choose all other and some herbivore, unlike Kali.
Source: Reuters - 🏆 2. / 97 Read more »
Avoid auto stocks, traders say as Ford shares rise on CEO switchShares of electric vehicle makers Tesla and Nikola may be outperforming legacy auto stocks year to date, but investors should steer clear of the whole group, two traders say. TradingNation Buffett may sold his AAPL as followed. It is too expensive with poor selling data. A Giant Pension Sold Apple and Intel Stock. Here Are Two Stocks It Bought. TradingNation Class, the new vocabulary word/acronym for today is EVs. 😉
Source: CNBC - 🏆 12. / 72 Read more »
These companies have been hit hard as coronavirus causes earnings to plungeA rough quarter for BP: The oil company booked a $17.7 billion loss for the quarter ended in June, capping one of the worst ever quarters for the global industry. It's looking to pivot away from fossil fuels. Wow Tax loolpool bailout. Pay it from when the same oil today was $100-$150.
Source: MarketWatch - 🏆 3. / 97 Read more »