Market Blog Technical Analysis

Antonio’s Perspective: Exxon Mobil Corporation is consolidating after failing to Breakout Higher

Shares of Exxon Mobil Corporation (NYSE:XOM) continue to consolidate above its major exponential moving averages, after failing to breakout above the critical resistance at 88.59 on Thursday. This key level is proving to be a strong resistance zone since September. A strong trend would not be in place unless the (more…)
Market Blog Technical Analysis

Antonio’s Perspective: Technical Analysis of Netflix

  Netflix, Inc. (NASDAQ:NFLX) was really amazing last week. Not only did NFLX start off the week with gains and a strong breakout but it maintained high levels throughout the entire week. The chart above of the stock shows clearly that "bulls" were able to overcome another attempt by "bears" to stall the sharp rally from the July low. After a short pause in a sideways consolidation pattern between 95
Market Blog Technical Analysis

Fitbit Stock: Antonio’s Perspective & Technical Analysis

Fitbit Inc (NYSE:FIT) finished the session Friday at the highest close since May on strong volume. The stock has been trying to close above the key resistance level at 16 a couple of times, but each attempt has been unsuccessful with the stock price each time retracing. However, and based on the volume of the last two sessions, the breakout seems to be round the corner and once it closes
Featured Market Blog Technical Analysis

Antonio’s Perspective: Technical Analysis of Wynn Resorts

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) gained $2.62 or 2.65%, despite Friday's market selloff, to close at $98.41 on solid volume. The stock has recovered nicely in the last few sessions since the recent low of 88.50 made in late August and has provided several meaningful signs of strength, by bouncing of its trendline support area around the 200EMA and then breaking above the 50EMA. (more…)
Featured Market Blog Technical Analysis

Sprint Corp. Stock – Technical Analysis

This is a guest post by  António Costa, acclaimed trader and the popular author of AC Investor Blog Sprint Corp (NYSE:S) after a big price and volume surge in mid-July, has gone sideways and consolidated in a rectangle pattern in the 5.85-6.32 trading range. On Friday, the stock finally broke the top line of the trading range on decent volume and I expect more upside pressure in the coming days.