Taiwan Semiconductor Manufacturing Company’s stock price (TSM) fell in the intraday levels, while hurt by a negative pattern that formed in the short term, the Rising Wedge pattern as shown in the attached chart, with negative pressure due to trading below the 50-day SMA. 

Therefore we expect more losses for the stock, provided it settles below $187.66, targeting the support of $156.00.

Trend forecast for today: Bearish 

Vertex Pharmaceuticals Incorporated’s stock price (VRTX) edged higher in the intraday levels, accompanied by a surge in trading volumes, while trading alongside the upward secondary short-term trend line, with positive support due to trading above the 50-day SMA, coupled with positive signals from the RSI.

Therefore we expect more gains for the stock, targeting the pivotal resistance of $510.64, provided the support of $445.38 holds on.

Trend forecast for today: Bullish 

AT&T’s stock price (T) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, with positive support from trading above the 50-day SMA, accompanied by a surge in trading volumes, with the stock managing to vent off overbought saturation in the RSI.

Therefore we expect more gains for the stock, targeting the important resistance of $28.50.

Trend forecast for today: Bullish 

Bristol-Myers Squibb Company’s stock price (BMY) rose in the intraday levels, readying to pierce the pivotal resistance of $61.00, amid the dominance of the main upward trend in the medium term, with positive support due to trading above the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the aforementioned resistance of $61.00.

Trend forecast for today: Bullish