URI breaks above resistance level
Context Technical Analysis URI – United Rentals, Inc. – moved in mid-October above its 10-day exponential moving average, which in turn moves above the diverging 20- and 50-day exponential moving averages, a prerequisite of a strong bullish trend. Since the beginning of November, however, price started moving horizontally – the orange box – till price reached its 10-day exponential moving average. Since then, a series of three bullish candlesticks is an indication that the b
STT resumes its bullish trend
Context Technical Analysis Since mid-October, STT – State Street Corp. – is trading in a strong bullish channel between its 10-day exponential moving average and the upper Bollinger Band. In addition, the stock’s 20- and 50-day exponential moving averages follow below and diverging from each other, an additional proof that the bullish trend is healthy. Momentum Since mid-October, MACD is in positive territory. Despite that, however, the relatively weaker momentum made MACD
FTNT keeps outperforming despite momentum weakness
Context Technical Analysis FTNT – Fortinel Inc. – started November with a huge gap and a series of bullish candlesticks along the upper Bollinger Band. It’s still moving well above its 10-day exponential moving average, which in turn moves above the diverging 20- and 50-day exponential moving averages, an indication of a strong bullish trend. Momentum Since early-November, MACD is in positive territory and moving above its signal line. Relative Strength The stock’s Relati
CAH bounces off support level and moving average
Context Technical Analysis The first thing to note is that CAH – Cardinal Health, Inc. – is moving in a bullish trend. In fact, it’s moving in a bullish channel between its 10-day exponential moving average and the upper Bollinger Band. The stock’s 20- and 50-day exponential moving average follow below and diverging from each other, which is another indication that the bullish trend is healthy. We have also marked three consolidation phases where price falls to a previous hi
