ChartPros Market Insights

Broadcom Inc. (AVGO) is a global technology leader that designs, develops and supplies a broad range of semiconductor, enterprise software and security solutions.

Shares were down about 3.3% on Monday as they are a key supplier to the Apple iPhone.

See where price could be heading next.

JPMorgan Chase & Co Bank (JPM) rolled out new rules to help enforce limits on the number of hours its bankers are working in an effort to crack down on overwork, according to a new report from the Wall Street Journal. 

Trading about 10% below recent all time highs we wanted to review the JPMorgan chart from a price action technical analysis perspective.

Wait until you see the chart pattern formation we uncovered!

It hasn't been the best quarter for Merck & Co., Inc. shareholders, since the share price has fallen 11% in that time. But over three years, the returns would have left most investors smiling In fact, the company's share price bested the return of its market index in that time, posting a gain of 60%.

So while their shareholders may not be as happy as they could be we wanted to review their chart from a price action technical analysis perspective.

See where price could be heading next...

IBM is making headlines today as its stock price is making fresh new all time highs for the first time in over a decade.  This may come as a surprise to many as the global IT giant seemingly had been an industry laggard for a very long time.

Like many global companies IBM has weathered numerous storms, re-invented itself a few times (keep in mind IBM stood for International Business Machines and was once famous for making typewriters), but is still a force across the globe.

See the potential upside targets!

Floor and Decor stock is reportedly held by Berkshire Hathaway, Warren Buffet's holding company so we wanted to review their chart from a price action technical analysis perspective.

Precision oriented price action technical analysis by far provides the best edges and most setups for traders and investors across the markets so that's what we use for the basis of our reviews.

So when we looked at the Crude Oil chart (/CL) this morning and saw price tanking again we asked our self... "hmmmmm.....wonder where oil prices could be heading?" 

While it's never a straight shot it sure was pleasantly surprising to see as a consumer that technically speaking that the $50 area is in play.

Keep reading to see how...

PayPal is in the headlines today as it added another recognizable partner to its list: Shopify.

PayPal CEO Alex Chriss and his team have been working to generate a turnaround, and they're seeing some progress.

So we wanted to review their chart from a price action technical analysis perspective.

Wait until you see the very familiar looking pattern that has formed on this chart.

US Steel stock price has been moving backing and forth in a range for the last decade, with a failed attempt to break out late last year. 

It has since been tumbling down and that tumble increased when recent reports stated that the Biden administration told Nippon Steel in a letter recent letter that its $14.9 billion acquisition of U.S. Steel would pose a national security risk by harming the American steel industry, leading some to believe the U.S. is poised to block it.

Guest post by Darren Bush, ChartPros Sr. Trade Room Member.

Medical device provider Zimmer Biomet (ZBH) shares dropped over 8% on Thursday after the company disclosed significant challenges stemming from an enterprise resource platform (ERP) transition.

The company's management team is working with third-party consultants to address the issue but until a fix is in place analysts believe the stock and earnings outlook remain under pressure from the ongoing ERP transition challenges.

Their stock is trading down over 8% today so we wanted to review their chart from a price action technical analysis perspective.

Wait until you see where a potential "sweet spot" confluence area on the chart is...

Before the market opened Wednesday morning, discount retailer Dollar Tree published results for its fiscal second quarter that missed terribly and they also issued revised downward guidance for the future...

Needless to say their stock price is getting hammered today, down about 25% so we wanted to review their chart from a price action technical analysis perspective.

See the last chance levels for the bulls to step back in...

Anheuser-Busch (BUD) likely needs no introduction or background information as most consumers and traders know the BUD story all too well.

The company has been absent from the headlines recently so we wanted to check in on them and review their chart from a price action technical analysis perspective.

We have featured over 250 Charts of the Day since May 2023 and teach Price Action Trading for FREE  to traders who join our Highly Rated Trade Room.

Ulta Beauty is making headlines today as the company's earnings report fell short on Thursday of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period.

It was the company’s first earnings per share miss since May 2020 and first revenue miss since December 2020 so we wanted to review their chart from a price action technical analysis perspective.

We have featured over 250 Charts of the Day since May 2023.