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Walt Disney trims gains - Analysis - 18-07-2018
Walt Disney's stock (DIS) rose modestly in the intraday levels, after hitting an intraday high at 112.62, bouncing off it lower and trimming the gains, in an attempt to vent off overbought saturation in the RSI, with the dominance of the upward short-term trend, coupled with positive support from the 50-day SMA, scoring a profit of 0.09% in the last session, or 0.10 points.
Therefore we expect more gains for the stock, especially if the resistance of 113.11 was breached, targeting the next pivotal one at 116.10.
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Starbucks tries to correct downward trend - Analysis - 18-07-2018
Starbucks' stock (SBUX) returned higher in the intraday levels, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, while the RSI reached extremely overbought levels compared to the stock's movements, scoring a profit of 0.67% in the last session, or 0.34 points.
MoreIBM tries to vent off overbought saturation - Analysis - 18-07-2018
IBM's stock fell in the intraday levels, leaning on the support of the 50-day SMA, while trying to vent off overbought saturation in the RSI and gather momentum to help it rise anew, recording a loss of 1.35% in the last session, or 1.97 points, while getting buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern.
MorePfizer 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.
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