On October 12th, 2015, American Airlines stock was trading around 42.40, in an attempt to recover from a decline between 56.20 and 34.08. A sell-off of more than 20 dollars a share in such a solid stock is usually considered a buying opportunity. However, when seen through the prism of the Elliott Wave Principle, American…
Do Not Get Fooled by Halliburton’s Rally
Halliburton stock reached as high as 74.33 in July, 2014, but oil’s crash took its toll on it. Currently, Halliburton’s shares are trading around 41.90, after recovering from the bottom at 27.63, registered on January 20th, 2016. So, is this rally going to continue and is it safe to trust it? The chart below might provide an…
3M Company, Another Stock in Danger
Similar to many other stocks, 3M Company’s shares took a major hit during the 2007-2009 market crash. The stock lost nearly 60% of its valua, falling from as high as 97.00 in October 2007 to as low as 40.87 in March 2009. And, just as many other stocks, 3M has been in a strong uptrend…
Amazon or Why Bezos Should Not Be Smiling
Jeff Bezos, the founder and CEO of Amazon.com Inc., is now the fourth richest person on the planet after the company’s stock climbed to a new all-time high at 703 dollars a share on Tuesday, May 10th. And while mainstream media would only tell you the news, rating agencies are easily infected by mass optimism,…
PepsiCo on the Verge of a Crash
Just as any other stock, PepsiCo took a hard hit during the 2007-2009 recession. But the company managed to survive and the stock began steadily recovering. Between March 2009 and now, the price of PepsiCo shares has more than doubled. From 45.40 seven years ago to 105.72 last month, the bad days seem to be…
Caterpillar Is a Bull-Trap Right Now
Caterpillar Inc. stock surprised everyone, when it rose from 56.32 to 80.83 since January. After this 24-dollar recovery, investors are wondering how high could prices go and is it time to buy the stock. But one should never buy something just because its price is rising. Instead, we prefer using the Elliott Wave Principle to determine the…
What is Left of Yahoo’s Recovery?
Yahoo! Inc. is ready sell its assets with Verizon Communications and YP Holdings among the candidates willing to acquire Marissa Mayer’s company’s core business. Mayer agreed on selling Yahoo’s properties after pressure from Starboard Value. But you can read all that in every financial website, so are we bothering you with it? Because all of these…
Citigroup Remains Under Pressure
Citigroup Inc. stock climbed to 60.90 on July 23rd, 2015, but investors who bought near that level are probably banging their heads. Prices have been steadily declining ever since, falling to as low as 34.49 on February 11th, 2016. Currently at 41.11, we are wondering if the slump is over and is it safe to…
Pfizer Obeys the Elliott Wave Rules
Do you remember “Black Monday”? It was August 24th, 2015, when most stocks, including Pfizer Inc., saw their worst sell-off in four years. And while the majority of traders and investors were caught completely off guard by this swift and sharp decline, to Elliott Wave analysts there was nothing surprising about it, as “You Should…
Netflix Bulls to Return Even Stronger?
Netflix Inc. stock climbed to its all-time high of 133.27 in December, but could not maintain the bullish momentum, which led to a sharp sell-off back to 79.95 in the beginning of February. So, Netflix lost more than $53 per share in less than two months. Should we consider the stock to be in a bear…
Boeing’s Crash Is All But Surprising!
Boeing stock, just like the company’s planes, was flying high in November 2015, when prices soared above $150. But a lot of things happened during the last three months. On February 11th, 2016, Boeing stock plunged to $102. The company’s perspective seems to be far from positive now, especially if we consider all the problems…
Illumina, Now and Then
A little less than a year ago, Illumina Inc. was one of the wonder stocks in the market. Starting from below $28 in October 2011, it managed to rise to the 200-dollar mark by March 2015. But instead of allowing the majority’s optimism to guide us, we decided to take a look at Illumina stock through the perspective of…
Yahoo to Finally Catch a Break?
Yahoo Inc.(YHOO) is suffering one of its worst periods ever, as CEO Marissa Mayer is pressured by investors to sell the company’s core business. So, there is no surprise Yahoo’s shares have been falling recently. But what is interesting here is the fact, that if we take a look at the daily chart of the stock,…
Intel Looks Like a Bargain Now
More than a month ago, on December 23rd, 2015, we published “Intel Poised For a Noteworthy Pull-Back?” to warn you about “a decline of more than three dollars a share” we thought Intel stock is about to suffer. The reason for our highly bearish opinion was not in the company’s fundamentals. As always, we decided…
Wells Fargo Bulls, Do Not Be Afraid
Wells Fargo & Co.(WFC) climbed to an all-time high of 58.74 in July, 2015, but it has been a rough ride for the stock ever since. On January 18th, 2016, its share price fell to as low as 46.86. And while most would try to find the reason for the sell-off in the banking company’s…
