Latest Market News
Retail Activity Rises Despite Inflation The British Pound has seen strong demand again today following an unexpectedly strong set of retail sales for April. The data, released this morning, showed that retail sales grew by 1.3% last month. This was in stark contrast to the -0.3% reading the market was expecting and marks a sharp […]
Shares of Ollie’s Bargain Outlet Holdings Inc. OLLI, -1.94% slipped 0.3% in morning trading Friday, but were outperforming the retail sector by a wide margin, after BofA Securities analyst Jason Haas swung to bullish from bearish on the closeout retailer, citing signs suggesting availability of closeout merchandise has “meaningfully improved” over the past several months. […]
Shares of Novavax Inc. NVAX, -8.57% sank 8.8% in midday trading Friday, after BofA Securities analyst Alec Stranahan recommended investors avoid the COVID-19 vaccine maker, citing a bearish view on continued booster use and increasing competition in the respiratory syncytial virus (RSV) and flu markets. Stranahan initiated coverage of Novavax at underperform and with a […]
Type: Bearish ContinuationKey Levels:Resistance: 8868Pivot: 8567Support: 8281Preferred Case:With price moving below our ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 8281 in line with the 61.8% Fibonacci projection , 38.2% fibnonacci retracement, 61.8% Fibonacci retracement and horizontal swing low support from our pivot of 8567 in […]
Type: Bullish BounceKey Levels:Resistance: 1702’6Pivot: 1684’0Support: 1661’4Preferred Case:With price being above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1702’6 in line with the swing high resistance and 61.8% Fibonacci projection from our pivot of 1684’0 in line with the horizontal overlap support and 23.6% […]
• USDCHF reversed from support area• Likely to rise to resistance level 0.9800 USDCHF today reversed up from the support area lying at the intersection of the support level 0.9720 (which reversed the price at the start of May), 20-day moving average and the 38.2% Fibonacci correction of the upward impulse from March. The upward […]