After an 11% fall year-to-date, at the current levels, we believe FedEx stock (NYSE: FDX) is undervalued. The weekly price is below Ichimoku cloud for the bullish triangle pattern to be tested to above with the resistance level at 248 for the possible weekly bullish reversal. more...
Investors are hoping new leadership can help turnaround the business and reverse recent stock struggles. The intra-day price was bounced from 4.45 support level to above for the bear market rally to be started with 5.95 possible target to re-enter. more...
After a 27% fall year-to-date, at the current levels, we believe Walgreens stock (NYSE: WBA) can see higher levels. The weekly price is located below 200 SMA in the bearish area of the chart by trying to be bounced from 37.85 and 36.98 support levels to above for the bear market rally to be started with resistance levet at 44.27 as the possible target to re-enter. more...
Marathon Petroleum (MPC) stock has been succumbing to the recent government pressure on big oil companies, last seen down 3.6%. The weekly price is located above Ichimoku cloud in the bullish area of the chart: the price is on secondary ranging within support level at 81 for the secondary correction to be started and resistance level at 114 for the strong bullish trend to be resumed. more...
Oil prices are stuck in a “tug-of-war between supply and growth concerns,” experts say. more...
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