ChartPros Market Insights

Discover Financial Services (DFS) is scheduled to release 4Q earnings results on January 22 after market close.

Their stock has been repeatedly making new all time highs (ATHs) 6 of the past 7 months and by request we'll take a deeper dive into the chart from a price action technical analysis perspective.

In this post we'll address these questions:

• How much higher can price go?
• If I own the stock where should I get out?
• If I don't own the stock but would like to get in what level should I look for?
• Should I just ignore this chart and come back in a few months and take another look?

Bank of America Corp (BAC) reported strong net income of $6.7 billion for Q4 yesterday, with an EPS of $0.82, indicating solid financial performance.

Makes sense that during a time of rising interest rates that a bank's revenue would go up doesn't it? 

See what share price could be getting ready to do for the first time since 2006!

American Express (AXP) is making headlines today because it agreed to pay a total of about $230 million to settle allegations of past deceptive marketing practices associated with its wire products.

Traders and investors seemingly yawned this off as the company's share price slightly dropped by 84 cents today after setting new all time highs about 24 hours ago.

With earnings scheduled for January 24 we wanted to review their chart from a price action technical analysis perspective.

Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.

The company is in the news today as a prominent analyst has started accumulating their stock, as well as others, amid the recent pullback.

Wait until you see the price action pattern we discovered on this chart!

Ferrari is in the news today as Bank of America analysts have identified their stock as one to "out perform" for 2025 so we wanted to take a look from a price action technical analysis perspective.

After making fresh all time highs this past summer see where price could be heading next.

Papa John’s International, Inc. (PZZA) reported today preliminary sales and unit development information for the fourth quarter and full year ended December 29, 2024.

The company doesn't report earnings until February 27, 2025.  Some things just make you wonder and go hmmmm...

Note: for all intents and purposes price has been in search of a bottom for going on two years now.

Insurance and utility related stocks with California exposure significantly dropped Friday as Los Angeles firefighters continued to attempt to contain wildfires that have totally ruined thousands of homes and caused at least 10 deaths.

Shares of Allstate (ALL), the Travelers Companies (TRV), Chubb (CB), Mercury (MCY), and American International Group (AIG) — were all trading down on Friday with Mercury suffering the largest drop of roughly 20%.

Today, we take closer look at Mercury's chart from a price action technical analysis perspective.

When we last featured Morgan Stanley their stock was trading at $74 per share but has since skyrocketed to make new all time highs (ATH) above $135... 

Don't you wish you followed us back then?

Let's take another look from a price action technical analysis perspective to see where price could be heading next.

Helen of Troy (HELE) provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness.

The company owns several brands you may be familiar with.  What you may not realize is how beaten down their share price has been and may continue to be. 

See where price could be heading next.

Comerica (CMA) provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments and is scheduled to report earnings on January 22 before market open.

Today, we'll take a deeper look from a price action technical analysis perspective to identify potential price levels of interest in both directions.

C.H. Robinson Worldwide, Inc., together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally.

The company's share price nearly doubled in the last year but recently was firmly rejected around a previous support/resistance level pushing it back down to the $100 area.

Today, we'll take a deeper look from a price action technical analysis perspective to identify potential price levels of interest in both directions.

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