ChartPros Market Insights

Intel is making headlines this week as the company announced new data center chips to rival AMD and NVDIA.

In unspectacular fashion, their stock price essentially hasn't moved this week so we wanted to review their chart from a price action technical analysis perspective.

When we last featured Intel on June 22, 2023 price had been range bound roughly between $25 and $37 for quite some time.

See where price is today and where it could be going.

Bristol Myers Squibb has been trending in the news lately and making headlines for various reasons.

Regardless, when we last featured their chart from a price action technical analysis perspective back in November 2023 the bears were in control back then and have been ever since.

But is that about to change?

Salesforce is making headlines as their shares slid over 20% so far today, the most in almost two decades after projecting the slowest quarterly sales growth in its history, renewing concerns that the company will be left behind in the artificial intelligence boom.

We've fielded a lot of inquiries regarding their chart in the past few hours and after performing a price action technical analysis review our answer simply is "not yet..."

See where price could be heading.

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.