Of course, all stocks are riskier at a higher price, but after Boeing ‘s phenomenal performance in the last two years, it is very easy to forget that it can actually go down, as well. It is a risk which must never be neglected. BA just climbed to a new all-time high and the last…
Nifty 50 Bulls Unable to Stop the Bleeding
We published our last update on the Indian Nifty 50 almost four months ago, on June 6th, when the benchmark index was hovering around 10 550. Despite the recent selloff from 11 172 to 9 952, the Elliott Wave outlook was still positive. With the help of the chart below, we concluded the index is…
JNJ Stock Had a Nice Run Lately. Time to Sell?
Less than four months ago, JNJ stock was trading below the $120 a share mark, down 20% from its all-time high of $148.32. A 20% decline is a pretty serious thing for investors, especially when we talk about blue chip stocks, which are considered to be less volatile and therefore safer bets. In fact, many…
MCD Stock Won’t Stay in That Range Forever
It has been a while since April 3rd, when we published our last update on McDonald’s. In that highly bullish article we shared our view that MCD stock ‘s recovery was poised to continue and eventually reach $180 a share. MCD was trading near $157.70 back then. Over five months later, it is still hovering…
Twitter Stock Remains in Pullback Mode
When Twitter stock touched $14.12 on April 17th, 2017, it was just a few cents away from a new all-time low. Fourteen months later, in June 2018, TWTR was trading in the vicinity of $48 a share following a phenomenal 238% surge. Unfortunately, just when the company turned free cash flow positive and everyone was…
AMD Stock is Up 190% in 2018. Be Careful Now
Our first and so far only article about Advanced Micro Devices Inc. was published on January 4th, 2018, when AMD stock was hovering around $11.55 a share. Back then the Elliott Wave analysis of AMD’s daily chart made us think the cryptocurrency mining boom was going to propel the stock price to a new high…
BAC Stock on Its Elliott Wave Path to the North
A little over two months ago, on July 2nd, we published an article about Bank of America stock. The price was then hovering near $28.20 a share, following a decline from as high as $33.05 in March. Fortunately, despite the 15% plunge, the Elliott Wave Principle (and the company’s fundamentals, by the way) suggested BAC…
Hibbett Stock is an Elliott Wave Bargain
The last time we wrote about Hibbett Sports Inc., a relatively small sports shoes and apparel retailer, was more than half a year ago, on February 20th. While Hibbett stock was trading around $25 a share, our Elliott Wave reading of its price chart made us believe the stock is headed higher in the long-term,…
OLED Stock Bulls Living on Borrowed Time
Universal Display Corporation is engaged in the research, development and commercialization of OLED technologies, which explains why its stock symbol on the NASDAQ exchange is OLED, even though it has nothing to do with the company’s actual name. OLED stock climbed to an all-time high of $209 per share in January, 2018. Unfortunately, the rest…
Intel Looks Like a Buy-the-Dip Opportunity
When we published our last update on Intel in January, the stock was down to less than $44.50 a share following news that major security flaws in Intel’s processors make smartphones and PC’s vulnerable to hackers’ attacks. The situation looked very bleak for Intel as many corporations and institutions threatened to sue the company over the…
Chipotle’s Recovery Needs a Healthy Pullback
In August 2015 the price of Chipotle Mexican Grill (NYSE:CMG) stock was hovering in the vicinity of $760 a share. The company was a Wall Street darling, whose future looked especially bright considering its revenue and earnings growth over the past several years. Unfortunately for all CMG shareholders, E.coli, salmonella and norovirus outbreaks formed a…
Pandora’s Jewelry Hasn’t Lost Its Shine
And Pandora the stock is ready to get its shine back, too According to Pandora A/S’ 2017 annual report, the Copenhagen-based company is the “leader in the affordable jewellery segment and the largest producer of jewellery worldwide in terms of pieces crafted.” That leading position paired with double digit average earnings growth in recent years convinced…
Dow Jones at Risk of Losing 2000 Points
It has been almost four months since the last time we examined the Dow Jones Industrial Average on March 29th. The benchmark index was still unable to recover from the sharp plunge to 23 360 in February. And while many hurried to declare the death of the post-2009 bull market, we instead decided to take…
Alibaba Stock in Corrective Mode Now
Two and a half months ago, on May 7th, we analyzed the daily price chart of Alibaba stock and reached the conclusion that once the bulls lift the shares to a new all-time high near $220, a bearish reversal should be expected. Two things happened since that analysis: first, Alibaba stock climbed to $211.70 in…
Copper’s Selloff Not a New Bear Market
Copper fell by over 58% between February 2011 and January 2016. By late-2017 it looked like the commodity was finally out of the woods as the price rose to almost $3.30. Analyst were already anticipating even higher prices driven by an increased demand by the electric vehicle manufacturers and China’s economic growth. Alas, the market…
