ChartPros Market Insights

Plug Power (PLUG) is down another 15% today after the company filed for a potential $1 billion share offering. The company is down over 88% over the last two years and recently issued a "going concern" warning meaning not so good things could happen for the company...

We chose their chart to review from a price action technical analysis perspective to highlight a few but major points regarding any company or chart (remember Blackberry?)

Shares of low-cost air carrier Spirit Airlines (SAVE) fell roughly 17% earlier today, one day after a judge blocked the airline's planned $3.8 billion merger with JetBlue Airways.

With a recent focus on the airline industry including prior Charts of the Day for Alaskan Airlines, American Airlines, Delta, Jet Blue, and Boeing we wanted to also analyze Spirit Airlines chart from a price action technical analysis perspective.

Shares of airline stocks are trading lower in sympathy with Delta, which dropped after recently reporting fourth-quarter results and issuing 2024 guidance...

American Airlines was trading at $12.91 earlier today and is down over 11% in just the last week.

So with a recent focus on the airline industry including prior Charts of the Day for Alaskan Airlines, Jet Blue, and Boeing we wanted to also analyze American Airlines chart from a price action technical analysis perspective.

Goodyear Tire and Rubber Company (GT) is putting a tech spin onto traditional tires with a new line of "intelligent tires."

To be perfectly honest, the first thing that comes to mind when we think of Goodyear is their blimp!

Mettler Toledo (MTD) is a multinational manufacturer of scales and analytical instruments. It is the largest provider of weighing instruments for use in laboratory, industrial, and food retailing applications.

The company has been making headlines this past week for revising future guidance downward again due to blah blah blah...

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

Dallas based Texas Instruments Incorporated (TXN) designs and manufactures semiconductors and various integrated circuits. It is one of the top 10 semiconductor companies worldwide based on sales volume.

The company is in the headlines this week for introducing a new automotive chip at the Consumer Electronics Show (CES) claiming it can allow for safer vehicles.

Safer always sounds better doesn't it?

So we wanted to take a look at the company's chart from a price action technical analysis perspective.

Bloomberg is reporting that JetBlue Airways Corp. (JBLU) Chief Executive Officer Robin Hayes will step down next month after leading the carrier through a recent failed partnership with one airline and the pending acquisition of another.

Stating personal health reasons the CEO will be replaced by Joanna Geraghty, 20 year Jet Blue employee and the company's current president.

Amid all the turbulence during the last year the company's stock was down well over a third and fell another 10% to $5.15 earlier today.

Price made a 10+ year low a few short months ago at $3.40 so we wanted to take a look at the chart from a price action technical analysis perspective.

You may have heard that passengers aboard an Alaska Airlines (ALK) flight last week experienced a major scare, as an emergency exit-sized gap suddenly appeared in the side of the plane, leading to a rapid decompression. The plane was en route from Portland to Ontario, California, when the incident occurred.

As per a report by The Wall Street Journal, the flight took off on Friday afternoon and was forced to return to Portland International Airport within 30 minutes. The plane, at 16,000 feet, had 171 passengers and six crew members on board, all of whom survived the frightening ordeal.

Thank God everyone survived!

This has put the airline as well as the plane's manufacturer Boeing (BA Chart of the Day on 12/8/2023) squarely in the headlines with a lot of scrutiny on safety.  As a result, both company's respective stock prices are trading down today.

Boston based cybersecurity company One Span, Inc. (OSPN) announced a major change in its leadership to boost its strategic direction and help the company's transformation process. 

Its stock is trading down again today at $9.50 after falling from the $33 area just a few short three years ago.

From a price action technical analysis perspective the chart has seen plenty of ups and downs over the past 25 years.

Snowflake (SNOW) offers cloud-based data storage and analytics under a business model often labeled as Data as a Service (DaaS).

If you've never heard of them, first impressions may have you thinking so what, another cloud based software company?

But this cloud based company seemingly is different for one simple but major reason:  Warren Buffet's Berkshire Hathaway reportedly owns over 6 million shares in the company...

Now that will get a company headlines along with a lot of scrutiny along the way.

Cal-Maine Foods (CALM) states they're the largest producer and distributor of shell eggs in the United States.

The company is in the headlines this week for announcing a definitive agreement to acquire a broiler processing plant, hatchery and feed mill in Dexter, MO, from Tyson Foods, Inc.

Also, the company is scheduled to report earnings today after market close making them among the first batch of companies reporting earnings in the new year.

So we wanted to take a look at the company's stock chart from a price action technical analysis perspective.