Stock Market News

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Technical Analysis – Coca-Cola stock reaches 2-month high; bullish actions back into play

Posted on April 23, 2019 at 1:21 pm GMT

Coca-cola stock price advanced above the Ichimoku cloud over the last couple of trading days, challenging a two-month high around the 47.50 resistance. The MACD oscillator rose above its trigger line in the daily timeframe, while the stochastic is flattening in the overbought territory, suggesting overstretched market. A failure to overcome the two-month high of 47.50 barrier could send the price down to the upper surface of the Ichimoku cloud around 47.16. Lower, support could be next found around 46.70 where the [..]

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Coca-Cola on watch after PepsiCo’s earnings beat – Stock Market News

Posted on April 22, 2019 at 3:37 pm GMT

Coca-Cola Co’s share price is almost 7% above its February troughs when the board expressed that sales growth is set to slow down this year, staging the largest daily sell-off in more than a decade. The soda giant is now ready to announce its first quarterly earnings results for 2019 on Tuesday April 24th before the market open, and traders will pay close attention to any noisy number that sheds light to those fears. Refinitiv analysts recommend holding the stock. [..]

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Technical Analysis – Twitter stock declines below red Tenkan-sen line; neutral in long term

Posted on April 22, 2019 at 9:38 am GMT

Twitter stock price has been developing within a consolidation area over the last nine months with upper boundary the 37.10 resistance level and lower boundary the 26.20 support barrier. From the technical point of view, the market could experience some softness in the short term, as the RSI is slipping towards its 50 neutral level and the MACD oscillator is holding below its trigger line, confirming the recent weak movement in price action. The 50 and 200-day simple moving averages (SMAs) are in [..]

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Can US stock markets continue to defy gravity? – Special Report

Posted on April 19, 2019 at 1:19 pm GMT

US equity markets have been on a tear in 2019, reclaiming lost ground to come within breathing distance of their all-time highs. The rally has been fueled mainly by the Fed putting its rate-hike plans on ice, though easing trade tensions and corporate buybacks helped as well. While stocks could advance even further and break new highs, the risks seem increasingly asymmetric, with gains looking limited if growth stays solid but losses severe in case fears of a recession make [..]

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Technical Analysis – US 500 index flies near 6-month peak; all-time high is near

Posted on April 19, 2019 at 9:12 am GMT

The US 500 index price skyrocketed to a fresh six-month high of 2918 on Thursday before it pared those gains later in the day. The price is holding above the red Tenkan-sen line as well as above the ‘golden cross’ within the 50- and 200-simple moving averages (SMAs). Technically, the RSI indicator is pointing marginally up near the overbought territory. However, the MACD oscillator is developing with stable momentum over the last sessions, despite the strong upside rally in the [..]

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Technical Analysis – Pepsi stock tumbles after reaching multi-month high

Posted on April 17, 2019 at 12:25 pm GMT

Pepsi stock price recorded a stunning rally on Monday towards a multi-month high of 123.95, though it returned its gains a day after. The momentum indicators are supportive of the bearish move, with the RSI falling into negative territory below 70 and approaching the 50 neutral mark, while the MACD sank below its trigger line in the positive territory. Immediate support is being provided by the 120.75 barrier, taken from the latest lows. Should prices dip lower again, the next [..]

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Technical Analysis – Johnson & Johnson struggles in trading range, capped by 50-day SMA

Posted on April 16, 2019 at 9:20 am GMT

Johnson & Johnson stock price has been squeezed within a narrow range with upper boundary the three-and-a-half-month high of 140.20 and lower boundary the 134.40 support over the last two months in the daily timeframe. The price is capped by the 50-simple moving average (SMA), acting as strong resistance obstacle, while the technical indicators are signaling more gains. The RSI is approaching the 50 level and the positive territory and the stochastic is heading north. Upside moves may drive the price action [..]

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Netflix earnings set to decline, but stock up 37% this year – Stock Market News

Posted on April 12, 2019 at 12:26 pm GMT

Netflix is set to report a decline in its earnings when it releases its Q1 results on Tuesday, after the US market close. Yet, that’s owed mainly to soaring spending on original content, which is an investment for the future. Traders don’t seem worried either, judging by the 37.4% surge in the firm’s stock so far in 2019. The streaming provider is expected to have made $0.57 in earnings per share (EPS) in Q1, which would represent a decline of [..]

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Q1 earnings season to get underway with Wells Fargo, JP Morgan, Citigroup and Goldman Sachs – Stock Market News

Posted on April 11, 2019 at 3:38 pm GMT

The US earnings season for the first quarter will enter into full gear on Friday with the big banks leading the way. JP Morgan Chase & Co (JP Morgan) and Wells Fargo & Co (Well Fargo) will be the first of the major US banks to report on Friday before the market open, while Citigroup Inc (Citigroup) and Goldman Sachs Group Inc (Goldman Sachs) will report their results on Monday, also before the market open. After an exceptionally strong 2018, [..]

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Technical Analysis – JPMorgan stock looks neutral but still above 50-day SMA

Posted on April 10, 2019 at 1:07 pm GMT

JPMorgan stock price has been moving between the 50- and 200-day simple moving averages (SMAs) over the last ten trading days and around the 50.0% Fibonacci retracement level of the downleg from 119.18 to 91.07, near 105.13. From the technical point of view, the stochastic oscillator is heading down after it found resistance in the overbought zone, while the RSI indicator is losing momentum in the positive territory. However, despite the indicators, the red Tenkan-sen line is moving up, suggesting [..]

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