Call toll-free 800.328.1267
Two forgotten technology stocks are popping up today for pullbacks. Both were featured in last week’s earnings recap.
AT&T (T) gapped up last week after a surprisingly strong quarter. The telecom giant outperformed on both mobile and broadband subscribers. Now it may have an additional boost from 5G rollouts. T retraced the bullish gap and is holding near long-term lows. It also averages more than 150,000 options contracts per day.
Ericsson (ERIC) also surged last week, following its second consecutive strong quarter. The Swedish telecom supplier seems to have the double-impact of a long-term turnaround plus 5G demand. It’s been viewed as an alternate to Huawei.
Regional banks had a big surge in late 2023. Now, after a period of consolidation, some traders may expect further gains. The first pattern on today’s chart of the SPDR S&P Regional Banking ETF is the falling trendline along the highs of January and early March....
Palantir Technologies has advanced as investors embrace AI and non-government customers embrace its products. Is its current pullback offering an opportunity? The first pattern on today’s chart is the pair of rallies after the last two quarterly reports. Those may...
Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 Potential short-term range on S&P 500: 5057: 2/27 low 5127: 3/4 low of 5127 Potential "shooting star" on...