As the S&P 500 approaches its 50-day moving average, few buyers appear willing to commit. More
- Poll of the Day
Technical analysis scrutinizes equities based on past measurements like asset price and trading volume, which give a view of past performance and stock trends. The technical analysis method does not assign value to a given equity; rather it simply reviews charts and statistical measurement of historical market activity in order to best predict future moves.
Investors should pay close attention to an equity’s direction, speed and distance throughout a technical analysis review. Is the price traveling in an upward or downward direction? What speed is the price moving at? Lastly, what distance will the price travel in a given direction?
Buy JPMorgan Chase & Co. on a pullback below $63 with a target of $72. More
Wal-Mart Stores, Inc. looks oversold and ready to reverse up. More
Panera Bread Co is again pushing against an important resistance line. Get my target for PNRA stock in the Trade of the Day. More
MBIA Inc. is overbought but looks to be gearing up for a powerful rally. More