Shares of Under Armour (UA) are oversold and likely to move higher. This is based on several trends. First are well-known technical indicators. Looking at the company’s relative strength index (RSI), shares are showing an oversold reading of 30. The MACD, or moving average convergence/divergence indicator, shows that...
A parabolic move has been underway in shares of Penn Gaming (PENN). In the past few weeks, shares have risen at more than a 45-degree angle on the price chart. So it should be no surprise that shares of the company have become overbought. That's clear...
Shares of Morgan Stanley (MS) have followed the market higher in the past six months. In the past month, however, shares have slowed down their gains considerably. Now, a new chart pattern has emerged that suggests that shares may finally show a stronger move. The pattern that...
Shares of Bloom Energy (BE) are volatile, but have been on a tear in recent months. After taking a nosedive from as high as $15 to under $3 in the past year, shares are recovering. But now, an unusual chart pattern has emerged. That pattern, a golden cross,...
Shares of Ambev (ABEV) have been in a decline for the past few weeks. Since the start of the year, investors have seen a drop of 22 percent. However, the end of the decline may be in sight. The technical readings on the company have gotten so...