Shares of Ulta Beauty (ULTA) have risen in the past few weeks, and are starting to look overbought. The beauty supply company has seen shares rise nearly 20 percent since the start of the year. Some traders think this can continue for a while. Why? Because...
One of our favorite unusual chart patterns is the golden cross. It’s a simple momentum indicator, showing the 50-day average rising above the 200-day moving average. When traders see this move, they know that an existing move higher in shares already underway is likely to continue. It's a...
The evening star pattern is an irregular one. But it does tend to show a reversal is in progress. The pattern is a bit complex. It takes three days to play out. On the first day, there’s a long thin candle. It shows a closing price...
Shares of Ford Motors (F) have slid in recent sessions. The company reported a massive loss in the 4th quarter of 2019 last week. This resulted in a one-day, 10 percent drop. Since then, shares have dropped even further. Yet the company’s relative strength index, or...
Shares of TE Connectivity (TEL) recently saw an unusual chart pattern: A hammer. While that may have a negative connotation elsewhere, in a chart pattern, a hammer may be a sign that a stock is nearing the bottom end of a trading range. Given TE’s recent...