Social media company Twitter (TWTR) broker higher following an earnings beat last week—and shares have now moved into extremely overbought territory. The stock is ripe for a pullback, which at the very least could mean willing the recent gap higher. The stock’s relative strength index, or...
Consumer goods companies held up well in the early stages of the pandemic. However, with the market back in rally mode, these companies have fallen out of favor in the past several months. Some, like Church & Dwight (CHD) look set to drop even lower. Shares...
Satellite internet company ViaSat (VSAT) has been in a strong uptrend in recent months, with shares nearly doubling since late December. Shares look set to move higher, although a slight pullback may occur first. Let’s start with the short-term pullback. It’s likely, as shares have surged...
Marijuana-related stocks have been on a tear in recent weeks. It’s no surprise that the space looks overbought following a massive move higher. Case in point? Cronos Group (CRON). Shares have doubled since the start of 2021, and are up nearly triple since November. Yes, the...
Shares of Merck (MRK) have been declining in recent sessions. It’s one of the few companies looking oversold in today’s high-flying market environment as a result. A few trends point to a move higher. For starters, shares are getting into oversold territory. The stock’s relative strength...