Shares of Cisco Systems (CSCO) look ripe for a rally based on a key chart pattern. The pattern? A reverse head and shoulder pattern. In a traditional head and shoulder pattern, two smaller peaks center around a larger one. Essentially, a company makes a new high, pulls...
Shares of Microsoft (MSFT) have been bullish lately. One technical indicator suggests that shares may have gotten ahead of themselves. That indicator? The relative strength index, or RSI. It’s an indicator that shows recent price momentum, combining volume to determine the magnitude of the change. It’s measured...
It’s been a great few weeks for shares of Amazon (AMZN), and a key technical indicator shows that the trend is likely to continue. That trend is a “golden cross,” where a company’s 50-day moving average passes above its 200-day moving average. This cross shows that shares...