ChartPros Market Insights

A dismal start to the year for Lululemon was made even worse this week after the departure of a key executive heightened Wall Street’s concerns around the outlook for the activewear company just ahead of its June 5 earnings report.

Price has fallen about 40% so far this calendar year and may have more downside coming...

See where price could be heading.

The Wall Street Journal reported that the Justice Department and a group of states plan to sue Live Nation (LYV) and call for its break up on Thursday, alleging the entertainment giant has used its ticketing monopoly to suppress competition.

Stock price was down in early trading so we wanted to review their chart from a price action technical analysis perspective.

See where price could be heading.

Target (TGT) missed their earnings mark for the first quarter blaming inflation and their stock price promptly dropped about 7% earlier today. 

We last featured Target's chart from a price action technical analysis perspective one year ago for earnings and decided it was time to update levels of interest.

See where price could be heading.

According to published reports, S&P 500 component Lowe's reported better-than-expected first-quarter earnings and revenue early Tuesday but same-store sales decreased for the six consecutive quarter.

Lowe's Q1 financials follow results from rival Home Depot (HD) last week. LOW stock fell Tuesday roughly 3% to the $222 area in early morning trading.

See where price could be heading.

Yes, the NHL playoffs are in full swing and it was about this same time last year when we last featured the Forex pair USD/CAD from a price action technical analysis perspective.

Plus, this is one of 16 charts we post daily in our highly rated members only trade room.

Union Pacific Railroad (UNP) is the second largest railroad in the U.S. that operates 8,300 locomotives over 32,200 miles with routes in 23 U.S. states west of Chicago and New Orleans.

The company was in some headlines this week that touted "unusual options activity" in their stock but honestly after reviewing the report we deemed it to be somewhat of a "click bait" headline. 

We decided to review their chart from a price action technical analysis perspective nonetheless.

American Electric Power is in the headlines this week for a variety of reasons including announcing it signed an agreement to sell its distributed resources business, AEP OnSite Partners as well as disclosing earlier today its 1,194-net megawatts Cook Nuclear Plant Unit 2 in Michigan has been manually tripped offline after a steam leak was discovered on May 14.

So we wanted to view their chart from a price action technical analysis perspective to determine where the recent strong uptrend could be going.

Alibaba Group Holding Limited (BABA) stock is trading lower Tuesday after the company reported disappointing quarterly results. 

Net income plunged 86% Y/Y to $453 million due to net loss from its investments in publicly traded companies during the quarter. Adjusted net income declined 11% Y/Y to $3.38 billion. 

Company management said "yada yada yada..." so we wanted to review their chart from a price action technical analysis perspective.

See where price could be heading.

The company reportedly completed its last batch of TD Ameritrade client migrations this past weekend bringing the bulk of the heavy lifting to a close.

Now the question becomes can Schwab retain these newly acquired clients and delivery profitable and satisfactory services so we wanted to take another look at their chart from a price action technical analysis perspective.

Price has risen from the $50s to the mid $70s since we last featured them.  See where price could be heading next.

Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren (RL), a global multibillion-dollar enterprise.  

The company has been making headlines as its price recently tested all time highs set over a decade ago.

Price is fading now but see where the bulls could step back in and potentially continue making higher highs and higher lows.