Stock Market Technical Indicators & Analysis
When the market has a weak day, it is important to find the stocks that resist the decline. For example, the recent green line break-out stock FOMX, which I have been following, rose on Tuesday. This is a significant sign of relative strength.
AMBA also rose.
I watch NXPI because my stock buddy, Judy, likes the concept. It could be breaking out of a cup and handle base if it holds Thursday’s lows. (I own it.)
NXPI is above its green line break-out (all-time high) and has a strong RWB pattern.
GE is not the type of stock I typically trade. However, it has a nice dividend yield (about 3.4%) and after that huge gap up in April after it announced a major restructuring, it looks like GE is ready to move up again. I own some and am willing to collect the dividend while I wait for good things to happen. Doesn’t WB own a lot of GE?
