Keep an eye on oversold shares of Advanced Micro Devices (AMD). Now at $130.18, AMD is technically over-extended on RSI, MACD and Williams’ %R. From here, we’d like to see an initial retest of $150. Helping, Piper Sandler just reiterated that AMD is a top pick, with...
There’s a good deal of oversold stocks out there. Look at Taiwan Semiconductor (TSM), for example. After gapping to a low of $133.86, the tech stock is oversold on RSI, MACD and Williams’ %R and could bounce higher. Helping, Morgan Stanley just named TSM a top pick...
by Ian Cooper Gold prices now sit at record highs above $2,400 and could push aggressively higher. All thanks to a higher likelihood of interest rate cut from the Federal Reserve this year. “Lower yields, some safe-haven buying and then the idea of a weakening...
With economic slowdown fears sending markets lower, protect your portfolio for even more volatility. Some of the top ways to do that are by picking up: ProShares Ultra VIX Short-Term Futures ETF (UVXY) --The ETF was designed to match two times (2x) the daily...
Thanks to a devastating broad market pullback, Amazon (AMZN) gapped from about $187 to a recent low of $160.55. However, it appears the drop is overdone, with the stock now excessively over-extended on RSI, MACD and Williams’ %R. The last time we saw such...
Oversold shares of First Solar (FSLR) look interesting again. After pulling back from about $300 to $216, the solar stock appears to have caught strong support at its 100-day moving average. Plus, it’s starting to slowly pivot higher from over-extensions on RSI, MACD...
Over the last few days, Nvidia (NVDA) slipped from about $125 to a recent low of $103.73. Not only is it oversold at its 100-day moving average, but it’s also over-extended on RSI, MACD and Williams’ %R. Plus, according to Morgan Stanley, “the selloff is...
Oversold shares of Eli Lilly (LLY) could easily bounce higher on sales of its obesity drugs, which are still seeing considerable demand. And it could easily bounce higher with its Zepbound drug being considered for the treatment of sleep apnea. In June, the company...
by Ian Cooper It’s time to buy the dips in tech stocks. Over the last few weeks, we saw a massive rotation out of tech in favor of small cap stocks. All on higher hopes the Federal Reserve will cut interest rates this year. However, while it has created plenty of tech...
Keep an eye on Advanced Micro Devices (AMD). After slipping from about $180 to $140, the tech stock just caught support dating back to early May. It’s also over-extended on RSI, MACD and Williams’ %R and could pivot higher shortly – especially with the artificial...