3 Big Stock Charts for Friday: IBM, Abbott Labs, and FuelCell Energy

Earnings season looms next year at a key point for the market. U.S. stocks are at all-time highs, and need a strong batch of earnings reports to keep the momentum going.

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That’s particularly true for the three stocks featured in Friday’s big stock charts. Technically, all three names have clear potential for big moves in the next few weeks. In each case, an important upcoming earnings report represents a catalyst.

To be sure, it’s not 100% clear in which direction these stocks will head. But for investors willing to firmly pick a side, or traders looking for potential volatility, these big stock charts should be watched closely in the coming weeks.

International Business Machines (IBM)

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IBM (NYSE:IBM) is trying to rally ahead of its fourth quarter earnings report on Tuesday afternoon. But while the first of Friday’s big stock charts suggests some cause for optimism, recent history suggests reason for caution:

Abbott Laboratories (ABT)

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Abbott Laboratories (NYSE:ABT) has posted much more impressive multi-year performance: shares in fact have more than doubled since late 2016. But resistance has been stiff of late, and Abbott Labs likely needs a strong fourth quarter report on Wednesday morning to break out:

FuelCell Energy (FCEL)

Source: Provided by Finviz

FuelCell Energy (NASDAQ:FCEL) has been one of the market’s best stocks in the past seven months, gaining over 1,500% from late June lows. And the third of Friday’s big stock charts suggests the rally could have another leg:

As of this writing, Vince Martin has no positions in any securities mentioned.

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