Category: Rich’s Articles

Immunic, Inc. (IMUX) traded 30.7 million shares on Wednesday, an overwhelming number compared to its daily average of close to 1 million. The spike in volume was accompanied by a little move in the stock price, up 9 cents (+6.16...

The NASDAQ completed a V pattern last Friday as the index hit 12,250. Looking at the past year, it’s fairly straightforward from here from a technical analysis perspective. As you can see on the chart below, 12,500 acted as a point...

Some people call it a flag, others a pennant or a triangle. No matter what it’s called, Gold’s chart displays the technical pattern. To us, it’s a triangle and they tend to appear right before the underlying investment is on...

The NASDAQ definitely broke its downtrend last week. As you’ll see on the chart below, the index cut past the descending trendline connecting recent tops. Ordinarily, the move out of a trend is the first sign of a potential reversal...

In his remarks, Federal Reserve Chairman Jerome Powell called the US banking system “sound and resilient” while essentially saying Silicon Valley Bank’s collapse was company specific more than overarching conditions that challenge financial instructions ...

Stocks rebounded hard last week after Wall Street pledged billions of dollars to help ease the strain on regional banks. The corresponding reversal pulled the NASDAQ’s 50-day moving average above the 200-day average, something we’ve been talking about for ...

Stocks will bounce back at some point. So, we decided to look for oversold companies, coiled springs that could unload if/when the market rebounds. Clear Channel Outdoor Holdings, Inc. (CCO) is one that fits the bill with its relative strength...

Anticipation is making me wait was the tagline for Heinz Ketchup commercials; it still might be but don’t watch much TV these days. Remember, the ketchup bottle would be upside down just waiting for the thick red condiment to make...