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Tesla Is Weaving in Its Lane: Chart of the Day

Tesla Is Weaving in Its Lane: Chart of the Day

Tesla has been on anything but autopilot since peaking above $1,240 in early November. The EV giant first made a lower high near $1,200, followed by a lower low under $900 yesterday. Taking a step back, the price action is starting to resemble a downward channel. This...

Options Alert: Heavy Call Volume Appears in the Top Utility Stock

Options Alert: Heavy Call Volume Appears in the Top Utility Stock

Utilities broke out to new highs yesterday, and an option trader targeted the biggest company in the sector. Check out the call unusual volume in NextEra Energy (NEE): A block of 17,919 December 90 calls traded for $1.A block of 17,919 March 100 calls changed hands at...

Chart of the Day: Mega Candle in Johnson & Johnson

Chart of the Day: Mega Candle in Johnson & Johnson

Johnson & Johnson is often a dull stock, but it had some exciting price action yesterday. The health care giant dropped 1 percent in the initial seconds of trading, undercutting Friday's low. Buyers immediately came out of the woodwork, driving the stock to its...

Stocks Explode Higher as Tech Buyers Pounce on Omicron Pullback

Stocks Explode Higher as Tech Buyers Pounce on Omicron Pullback

Stocks just had their best week since February as buyers defied worries about the omicron variant, amassing technology stocks and reopening plays. The S&P 500 rose 3.8 percent between Friday, December 3, and Friday, December 10. The index established a new...