Royal Caribbean Cruises has spent more than two months consolidating, but it may be getting ready to move again. The first pattern on today’s chart is the trendline along the closes of December 28 and January 31. RCL ended yesterday above it, which could make some...
Lululemon spent more than half of 2023 in a range, but now it could be starting to run. The first pattern on today’s chart is the bullish gap after LULU was added to the S&P 500 last month. The stock pulled back in late October, made a higher low and proceeded to...
Chinese stocks have struggled lately as tension grows between Washington and Beijing. However, at least one trader seems bullish on travel stock Trip.com. Heavy volume was detected in the November 38 calls, with more than 24,000 contracts changing hands for $0.15....
Tesla skidded lower after its last earnings report on July 19, but now the EV giant could be turning a corner. The first pattern on today's chart is the dive toward $212 on August 18. It was the lowest level in more than two months, but TSLA gapped back to the upside...
Travel stocks have climbed recently, and now Caesars Entertainment could be showing signs of strength. The first pattern on today’s chart is the falling trendline along the highs of February, March and mid-June. The casino operator pushed above it at the end of the...
Carnival is the top-performing member of the S&P 500 in June, and one big options trader may think it will keep sailing over the summer. Check out this unusual options activity yesterday in the cruise-ship operator: 20,000 August 16 calls traded for $0.83. 20,000...
Carnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher. The first pattern on today’s chart is Friday’s last price of $12.18. While the level was slightly below February’s peak, it was the highest weekly...
Amazon.com may be showing signs of weakness after another post-earnings drop. The first pattern on today’s chart is the rising trendline along the lows of March and April. AMZN fell to that support last week after issuing so-so guidance and has remained there since....
Tesla more than doubled between January and mid-February. It retraced almost half that move last month and is now trying to bounce. Will the move continue? The first pattern on today’s chart is the 50-day moving average, which the electric-car maker tested and held at...