Don't Ignore This Chart

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About this blog: The blog contains daily articles with intriguing or unusual charts selected by one of our Senior Technical Analysts, along with a short explanation of what exactly caught their attention and why they believe the chart is worth noting.

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Don't Ignore This Chart

Microsoft (MSFT) Resumes The Ramp

by Greg Schnell

Microsoft has been a huge mover in the large cap space. Over the last few months, it took a rare pause on making higher highs. It looks ready to start climbing again. The SCTR continues to be up in the top 25% and is currently at 90. The relative strength just keeps hitting all time highs. The price move today suggests it is continuing in its uptrend.  The MACD is just moving above zero so this set up has lots of room to run. Charts are breaking out all over the place. Now the the indexes have broken above resistance we are Read More 

Don't Ignore This Chart

Analog Devices Reverses Course at Key Retracement

by Arthur Hill

Analog Devices (ADI) is a large semiconductor stock and a leader in the internet of things (IoT). The stock is in a long-term uptrend and recently broke short-term resistance to reverse a short-term pullback.  First and foremost, the long-term trend is up. The stock hit a 52-week high in January, the 50-day EMA is above the 200-day EMA and the price is above the rising 200-day EMA.  The stock has been moving sideways since November with a least five price swings greater than 9 percent. The decline from  mid-March  to early April marks the last downswing and the stock Read More 

Don't Ignore This Chart

This Network Hardware Company Is Soaring

by Greg Schnell

As the market broke out above a 3-week top, this network hardware maker jumped up to new highs. The SCTR is in the top 5 %, the Full stochastic is bouncing at 50 which is usually a nice bull trait. The stock broke through an 18 month resistance level at $150.  The PPO has turned up confirming the move and appears set to trend higher. Some of these stocks that have been off the radar in the tech area are starting to move. Good trading, Greg Schnell, CMT, MFTA Read More 

Don't Ignore This Chart

Looking For All Time Highs

by Greg Schnell

The energy sector has been a roller coaster of emotions with very little profit showing up for investors. The whipsaws have been large.  This week the energy charts changed complexion as oil proceeded to break out. One stock that is showing up on the radar is Suncor Energy. While lots of energy stocks are still near the 2016 lows, this stock it trying to push to all time highs. The SCTR shows Suncor up near 90, suggesting excellent price action. The weekly full stochastics have been rising since the late February lows. Suncor price action is particularly impressive. After Read More 

Don't Ignore This Chart

Frontier Markets are Outperforming US Market

by Arthur Hill

The Frontier Markets ETF (FM) has been outperforming the S&P 500 SPDR (SPY) since summer and held up much better than the US market in March-April. FM recently broke out of a consolidation and it looks like the bigger uptrend is continuing.  The chart below shows FM with the 50-day EMA and 200-day EMA. The ETF is above both EMAs, the 50-day EMA is above the 200-day EMA and it recorded a 52-week high in January. It is safe to say that the long-term trend is up.  The ETF surged in February, consolidated in March and then broke Read More 

Don't Ignore This Chart

Do You Like Cake?

by Greg Schnell

With the big rally in the market on Thursday, some stocks broke above resistance. One of those stocks appeared in the restaurant industry today. The Cheesecake Factory (CAKE) looks pretty good here. The SCTR is moving above 75. The relative strength is clearly outperforming. The volume soared on the breakout and the MACD turned up from just above zero. All this is excellent.  As the market tries to find a bottom here, some of these breakouts are happening every day. Stay tuned. Good trading, Greg Schnell, CMT, MFTA Read More 

Don't Ignore This Chart

Under Armour (UAA) Climbs Above

by Greg Schnell

A lot of the clothing retailers have been out of favor for a while. Recently, some significant moves have taken place in retailers. ANF, TPR, NKE have all pushed up in the last six months. Under Armour (UAA) has been a little slow to launch but it is close to breaking out to new 6-month highs. You can see the moving averages are above to make a positive cross. The $17.50 level looks important on the weekly chart above. The SCTR is starting to kick up which is usually a good indication. One concern on the weekly chart is the PPO is still below zero Read More 

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DSW Takes the Lead with a New High

by Arthur Hill

The S&P 500 is well below its January high and trading near its February low. DSW, in contrast, hit a 52-week high last week and is clearly leading the market.  The chart shows DSW with a choppy advance from mid August to mid November and then a choppy consolidation. The consolidation narrowed over the months and a large symmetrical triangle formed.  DSW gapped up and broke resistance within the triangle in mid March. Notice that this internal breakout occurred on big volume. The stock continued higher after the surge and upside volume continued to Read More 

Don't Ignore This Chart

This Pharmaceutical Company Is Looking For Ignition

by Greg Schnell

Pharmaceutical companies have to do a lot to get their technologies off the ground.There are many major risks along the way and many companies falter. Rocket Pharmaceuticals (RCKT) is a great chart and this week it makes it onto the Don't Ignore The Chart list. First of all, the Rocket Pharma stock is unaware of all the volatility seen in the stock market in February and March. It has held in a very tight range and closed very close to the 52-week highs.  But the chart setup is even more interesting. After the IPO, the stock traded sideways for 5 months in 2015. It had a Read More 

Don't Ignore This Chart

Pfizer Bounces within Uptrend

by Arthur Hill

The pickings are slim as the market corrects and may charts turn ugly. I am noticing some strength in big pharma with Merck (MRK) up in March and Pfizer (PFE) holding above the early February low (so far).  The chart shows PFE with a zigzag uptrend since June. The stock surged to a new high in late January and then plunged back to the October low in early February. Price action remains a volatile as the stock bounces in this range.  I still consider the trend up because the 50-day EMA is above the 200-day EMA, the stock hit a new high two months ago and the 200-day EMA is Read More 

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