Shares of cloud-based tech company Splunk (SPLK) have been trending down in recent months. The company’s poorly-received earnings in the prior quarter led to a spat of analyst downgrades. Despite a relief rally in the second half of December, the continued downtrend is now meeting...
Shares of oil and gas giant ConocoPhillips (COP) have been heading up recently. With talk of oil production cuts, crude oil may hold over $50, which would benefit the company’s bottom line. Even better, an unusual pattern has emerged that suggests the rally will continue. That...
Entertainment company Discovery Inc (DISCA) has seen shares rocket in recent weeks. The company announced that it was introducing a streaming option for its various channels. With the launch of the service, shares have now surged even higher, getting into overbought territory. The stock’s relative strength...
Theater chains have been more volatile than other companies. News of a Covid vaccine was good for a jump in shares. But as a vaccine has been delivered, some aeras are continuing with harsh lockdown policies. So it’s no surprise that companies like AMC...
High-speed optical interconnection products company Acacia Communications (ACIA) has seen shares move far higher over the past month. That’s created overbought conditions, and shares now look set for a pullback. The stock’s relative strength index, or RSI, got into the 80 range, well into overbought territory....