AMZN: Prime Sell

Candlestick chart analysis for intermediate-term trading  As the third-largest Nasdaq and S&P 500 component, Amazon (AMZN) has a significantly large influence over market direction. At 22%, it is the top holding in The Consumer Discretionary Select Sector SPDR Fund (XLY)—nearly double that of Home Depot (HD), the second largest name.   Amazon charted a bullish … Continued

CGC: High Volume Trade

Candlestick chart analysis for intermediate-term trading Canopy Growth (CGC) trades an average of $162 million worth of stock a day (see pg. 50). This figure provides a good way of judging the market’s interest in a particular stock. This marijuana play has been higher by 42% year-to-date and 29% during the last year, yet it’s … Continued

TTWO: Take-TwoTransactions

Candlestick chart analysis for intermediate-term trading Take a look at this daily chart of Take-Two Interactive Software Inc. (TTWO). It’s evident that price is about to break above the 200-day simple moving average. Price lost ground only five sessions in all of May and is showing great relative strength versus its peers, which have been down … Continued

FTV: Gearing for breakout

Fortive Corp. (FTV), a July 2016 spin-off from Danaher (DHR), is an industrial growth company that designs, manufactures, and markets engineered products, software and services worldwide for the transportation and franchise distribution sectors. While similar diversified technology stocks outpaced the S&P 500 by 6% during 2018, Q4 was particularly harsh on FTV. Since then, the … Continued

CNK: Movie Moves

Cinemark Holdings (CNK) is up 14% year-to-date and 4% during the last one-year period. Already sporting an attractive dividend yield of 3.3%, Cinemark is looking to extend its winning streak to its longest in 13 months. While this stock has had issues just above $40 since 2015, a decisive break could see a powerful move all … Continued