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Pfizer returns higher - Analysis - 18-07-2018
Pfizer's stock (PFE) rose anew in the intraday levels, with positive support from the 50-day SMA, coupled with the dominance of the main upward trend in the medium and short terms, scoring thereafter a 0.72% profit in the last session, or 0.27 points, countered with negative signals from the RSI, as the stock tries to vent off overbought saturation.
Therefore we expect more gains for the stock, as long as it settles above 37.30, targeting the pivotal resistance of 39.43.
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McDonald's starts recovering - Analysis - 18-07-2018
McDonald's stock (MCD) rose 0.61% in the last session, or 0.97 points after leaning on the main upward trend line, with positive signals from the Relative Strength Index, while trying to shake off negative pressure from the 50-day SMA.
MoreMorgan ends cautiously higher - Analysis - 18-07-2018
Morgan Stanley's stock (MS) rose in the intraday levels, while settling below the resistance 49.91, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (from 40.43 to 59.38), scoring thereafter a profit of 0.57% in the last session, or 0.28 points, with negative pressure from the 50-day SMA, while the RSI reached extremely overbought levels, hinting at negative divergence in the Stochastic indicator as shown below the attached chart.
MoreeBay climbs within descending correctional price channel - Analysis - 18-07-2018
eBay's stock (F) rose in the intraday levels, after hitting an intraday low at 37.32, bouncing off it higher and turning the losses into gains before the close, while touching the resistance of the 50-day SMA anew, scoring a profit of 0.21% in the last session, or 0.08 points, while trading within a descending correctional price channel that guided recent short-term trading, as the RSI reached extremely overbought levels compared to the stock's movements.
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