The Federal Reserve two-day policy meeting is the main event event for the markets this week, although the central bank is not expected to take any action but maintain an ultra-loose monetary stimulus. All eyes will turn to comments from Fed Chair Jerome Powell for clues about the central bank's latest view on inflation.
While the outcome of the Fed meeting...
$OOMA presented a solid price increase over a period of 11 days, reflecting investors’ continued willingness to pay more for the potential upside in a stock. In the latest bullish flag breakout, $OOMA gained +22.2% over the last 6 trading days and successfully established a new all time high at $24.10.
The negative free cash flow of $OOMA may make it a...
A quick follow up on $VRTV since our last highlight two weeks ago. With $VRTV currently trading at $66.47, a +32.55% increment since the Ascending Triangle chart pattern breakout, $VRTV have now crossed $1 Billion USD market capitalization for the first time, trading at its all time high level in the stock market.
$VRTV is currently exhibiting a two weeks...
$SUP share price surged by +34.94% parabolically in a short span of 4 trading days, breaking out of its mid-term trend channel that was established since December 2020. The latest closing price of $9.25 is a new 52 weeks high closing for $SUP.
With implied volatility still remaining almost 25% away from its March peak of $0.60/day ATR-14 range, the highlighted...
Investors will keep a close eye on Thursday’s U.S. consumer price data amid concerns that rising inflation could prompt the Federal Reserve to begin pulling back on stimulus. The consumer price report for May will probably show the inflation rate rising to 4.6 percent, the highest since September 2008 and well above the Federal Reserve’s target of about 2...
$TEN share price surged by a further +14.96% since our last update this week. This totals up a gain of +42.34% in a short 9 days trading session. With $TEN continuing to outperform its sectorial competitors with increasing buying demand, trading at a new 52 weeks high on both share price and implied volatility, further upside will be imminent to test its 2019...
In a week shortened by Monday’s Memorial Day holiday, Investors' focus turns to the May's nonfarm payrolls report to see if the unexpectedly weak April employment report was just a one-time blip
Meanwhile, the ISM PMI surveys should signal solid manufacturing and service growth rates during May, on the back of the country's re-opening efforts, the ongoing...
$UONEK pivoted from its $3.50 support level, surging with a +17.73% intraday action which exceeded beyond its 3-months average implied volatility over 60%. Its price peak of the year was traded just two weeks ago, establishing a high of $5, and closing at $4.60.
52 weeks high of $UONEK was last traded at $6.84, on 17th June 2020. This price level is currently...
$ASO navigated out of its consolidated price pattern with a resurgent of its uptrend coupled high sessional volume, rallying up +15% this month (April). $ASO was previously whipsawing along its 20DMA over the course of 7 weeks since the start of February. $ASO is currently trading at $32.70, merely a dollar away from its all time high.
At the current junction...
