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The stock price of Freeport-McMoRan (NYSE: FCX) one of the largest producers of copper, has declined by about 11% over the last week (five trading days) and remains down by 17% over the last month. Weekly price broke Ichimoku cloud to below for the primary bearish reversal: the price is testing support level at 28.87 to below for the strong bearish trend to be continuing. Alternatively, the price may break 43.62 resistance to above for the bullish ...
Shares of popular stock trading app Robinhood surged higher on Monday after reports that billionaire Sam Bankman-Fried’s cryptocurrency exchange, FTX, is considering a deal to buy the company just over a month after he first disclosed a stake. more...
A leading indicator for housing market activity—pending home sales—unexpectedly jumped in May and reversed six straight months of declines, according to new data from the National Association of Realtors on Monday, though experts warn that higher mortgage rates will continue to weigh on demand. more...
T-Mobile stock has had a stellar year so far, rising by 16% year-to-date, compared to the broader S&P which remains down by about 20% over the same period. And the daily price is above Ichimoku cloud for the primary bullish market condition by testing 136 resistance level to above for the bullish trend to be continuing. more...
Microchip Technology Inc. (NASDAQ: MCHP) stock price jumped around 3.3x from $18 in 2018 end, to almost $60 currently, primarily due to favorable changes in its P/S multiple. By the way, the monthly price broke Ichimoku cloud by close MN bar for the reversal to the primary bearish market condition: the price is breaking support level at 63 to below for the primary bearish trend to be continuing. more...