Latest Market News
Type: Bearish ReversalKey Levels:Resistance: 0.77977Pivot: 0.77256Support: 0.76337Preferred Case:On the H4, with MACD moving in a bearish momentum, we have a bearish bias that price will drop from our pivot at 0.77256 where the horizontal overlap resistance is to our 1st support at 0.76337 where the horizontal overlap support, 100% fibonacci projection and 50% fibonacci retracement […]
Smithfield Foods Inc., which is a unit of China’s WH Group Ltd. WHGLY, -3.81% 288, -2.60%, said Friday it will cease all harvest and processing operations in Vernon, Calif., in early 2023. “Smithfield is taking these steps due to the escalating cost of doing business in California,” the company said. The move is part of […]
A Food and Drug Administration advisory committee on Thursday voted 15-0 that the benefits of Bluebird Bio Inc.’s BLUE, +3.32% experimental gene therapy outweigh the risks for patients younger than 18 years old who are being treated for early cerebral adrenoleukodystrophy. Bluebird’s stock was halted on Thursday while the committee discussed and then voted on […]
Type: Bullish RiseKey Levels:Resistance: 813.35Pivot: 783.5 Support: 770.55Preferred Case:On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 783.5 in line with the 61.8% fibonacci projection and pullback support and multiple swing high to the 1st resistance at 813.35 in line with […]
US CPI Up NextAhead of the weekend we have one last major data focus today; US May CPI. The release is drawing plenty of attention ahead of next week’s FOMC meeting. We’ve heard plenty of debate recently between Fed hawks and doves. On the one hand, hawks are sticking to the view that the Fed […]
Activision Blizzard Inc. ATVI, -0.39% Chief Executive Bobby Kotick sent a letter to employees Friday, after a majority of quality assurance (QA) employees at subsidiary Raven Software chose to unionize. Kotick said the videogame maker will engage in “good faith negotiations” with the Communications Workers of America representing Raven Software employees, to enter into a […]