Shares of Erie Indemnity Company (ERIE) have been in a long-term decline for several months. Recently, shares seemed to be stabilizing. But one chart pattern appears to indicate that there may be more trouble ahead. That pattern? A shooting star pattern. It’s a bearish candlestick. It has a...
Shares of Advanced Micro Devices (AMD) have been a popular investment in the past few weeks. There’s been a 17 percent rally so far this month. And over the past year, shares have more than doubled. But technical signs are pointed to an overbought state. Shares...
Shares of Chesapeake Energy (CHK) are oversold and, on a technical basis, look likely to head higher. This is based on several factors. First, our preferred indicator for short-term market sentiment, the relative strength index. It is reading as heavily oversold. Shares recently hit an RSI...
Shares of Southwest Airlines (LUV) have been volatile year to date, but they’ve largely been heading higher. However, a new pattern has emerged that may suggest a reversal soon. That pattern is an engulfing pattern. It appears in a candlestick chart. Over a two-day period, the second...
Shares of Bancorp Bank (TBBK) are up nearly 7 percent since the start of the month. That’s a steep move, and, unsurprisingly, shares are reading as overbought. Looking at the company’s price chart, we can see that shares are also approaching a price point they hit...