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4 Important Post-Earnings Stock Charts

Now that the news has been dropped, take a look at the charts to get a grip on what might come next.

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Post-Earnings Stock Charts: 2 Short-Term Looks (GE, SLB)

While classic technical analysis patterns do not appear on every stock’s chart after earnings or other significant events — and, in fact, many stocks can go weeks or months without clear technical patterns developing on their charts — often short-term patterns or other indicators emerge which can signal future technical events to traders.

Reviewing the list of Thursday’s earnings releases, several stock charts are worth monitoring as they might turn into more significant events for the following big-name stocks. We looked at two in specific:

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In recent trading days, General Electric’s (GE) chart has flashed several bullish indicators, indicating the stock price may easily overcome its negatively-perceived earnings.

  • April 17: Short-term bullish “know sure thing” (KST) indicator
  • April 17: Short-term bullish gap up
  • April 16: Short-term bullish MACD indicator
  • April 16: Short-term bullish Williams percent return indicator
  • April 16: Short-term bullish commodity channel index
  • April 16: Short-term bullish momentum indicator

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And oil titan Schlumberger (SLB) gave analysts ambiguous results with earnings and revenue that were up, while disappointing on revenue. Investors also seem unsure where to take the stock, with SLB’s prices moving down, but only by 1%, after the announcement.

SLB’s charts may give traders another clue to work with — at least for the short term. At the April 17 close, SLB’s chart indicated three distinct bearish events that could develop into more significant patterns.

  • April 17: Short-term bearish relative strength index (RSI)
  • April 17: Short-term bearish engulfing line
  • April 17: Short-term bearish outside bar

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Article printed from InvestorPlace Media,

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