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Boeing buoyed by an important support - Analysis - 13-05-2022
GameStop's stock (GME) spiked over 32% at the start, peaking at $108.05 with trading stopped on the stock four times, before closing up 10.13%, or 8.24 points, at 87.57, with trading volumes surpassing 10 million shares, above the 10-day average of 3.2 million shares.
The gains came after the support of 77.58 held on, lending it positive momentum with positive signals from the RSI after reaching oversold levels, with the stock trying to recoup previous losses and vent off oversold saturation, amid the dominance of the downward correctional trend in the medium term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 38.50, provided the support of 77.58 was breached.
Expected trend for today: Bearish
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AmerisourceBergen exposed to negative pressure - Analysis - 13-05-2022
AmerisourceBergen's stock declined in the intraday levels, marking a loss of 6.01% in the last session, or 9.69 points, and settling at 151.61, with trading volumes surpassing 5.4 million shares, over the 10-day average of 2.3 million shares.
MoreTwitter leans on SMA support - Analysis - 13-05-2022
Twitter's stock (TWTR) declined in a volatile session, after announcing the departure of the executive officers for earnings and consumers, before Elon Musk's expected takeover of the company
MoreTapestry tries to recoup losses - Analysis - 13-05-2022
Tapestry's stock (TPR) surged 15.5% in the last session, or 4.11 points, settling at 30.63, with trading volumes surpassing 12 million shares, compared to the 10-session average of 5.5 million shares.
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