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Market Overview

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Mark Putrino

Benzinga Staff Writer

June 11, 2021 3:30 PM
The market is trading close to all-time highs and many analysts are expecting a correction or sell-off over the next few weeks. They argue that the ma ...
June 11, 2021 8:41 AM
Shares of Galecto, Inc. (NASDAQ: GLTO) staged a nasty reversal on Thursday. The stock was so volatile that the trading was halted by the exchange a fe ...
June 11, 2021 8:25 AM
Shares of Chewy, Inc. (NYSE: CHWY) may have broken resistance. This means the recent uptrend may continue. There was resistance at the $77.50 because ...
June 10, 2021 1:11 PM
Markets have memories. This means that a particular support or resistance level can stay in place for a long-time. This has been the case with the $7. ...
June 10, 2021 12:30 PM
Shares of Invesco Mortgage Capital Inc. (NYSE: IVR) have been ripping higher, but the rally may be over. In January, after a large move higher, Invesc ...
June 10, 2021 12:15 PM
Shares of homebuilder Hovnanian Enterprises, Inc. (NYSE: HOV) have crashed. Since June 1, shares have lost more than 40% of their value. It start ...
June 10, 2021 10:14 AM
Certain price levels are more important than others Sometimes, the reason for the importance is obvious. For example, investors like to place orders a ...
June 10, 2021 9:31 AM
Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock fell by 27.5% Wednesday. On a percentage basis, it was the biggest loser in the U.S. stock market.  ...
June 10, 2021 8:59 AM
When stocks are rallying, levels that had been resistance can convert into support levels. This is bullish for stocks and it may occur with Alphabet I ...
June 09, 2021 6:57 PM
Inflation is soaring, but from a historical perspective, rates are still very low. This has made things difficult for investors who are seeking income ...
June 09, 2021 12:47 PM
Oil has reached $70 per barrel, with the price up by more than 100% since early November. This will inevitably be a serious drag on the economy. But s ...
June 09, 2021 9:52 AM
The rally in oil continues, trading at its highest level in more than two years. On Wednesday morning, the price has reached $70 a barrel and sha ...
June 09, 2021 9:44 AM
Shares of The GEO Group, Inc. (NYSE: GEO) are soaring Wednesday morning and many believe Reddit traders are driving the rally. They have targeted it b ...
June 09, 2021 9:23 AM
In the stock market, certain price levels are more important than others. The $15.40 level is definitely an important one for ContextLogic Inc. (NASDA ...
June 08, 2021 1:14 PM
The rally in Workhorse Group Inc. (NASDAQ: WKHS) may be about to stall out. The stock is getting close to a level that has been resistance. Sometimes, ...
June 08, 2021 1:05 PM
The biotechnology sector has been on fire thanks to news from Biogen Inc. (NASDAQ: BIIB). The FDA approved its controverisal drug that can treat Alzhe ...
June 08, 2021 12:01 PM
Since March, there has been a top on the shares of Snap Inc. (NYSE: SNAP). A large concentration of sellers have been offering their shares at the $64 ...
June 08, 2021 10:50 AM
Shares of General Electric Company (NYSE: GE) may be in trouble. On May 27 after a big move higher, GE hit resistance right at the $14.35 level. ...
June 08, 2021 9:22 AM
The selloff in BK Technologies may be over: the stock is oversold and at support. There's a good chance the shares will rebound. "Overso ...
June 08, 2021 8:46 AM
Shares of Clover Health Investments, Corp. (NASDAQ: CLOV) have been on fire, trading up by more than 32% Monday. The closing price was $11.92. On ...
June 08, 2021 8:22 AM
Shares of Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) could be breaking the resistance that has existed at the $2,390 level since the end of Apr ...
June 07, 2021 12:20 PM
Since the end of April, the $330 level has been resistance for Facebook, Inc. (NASDAQ: FB). This means there has been a large group of sellers offerin ...
June 07, 2021 12:08 PM
After a big move higher, Washington Prime Group Inc. (NYSE: WPG) has stalled out at the $5.00 level. There’s resistance at $5.00 because it was ...
June 07, 2021 12:02 PM
The iShares Nasdaq Biotechnology ETF (NASDAQ: IBB) is making a big move higher, but there's a chance that the rally is about to end. The shares ha ...
June 07, 2021 9:42 AM
Shares of NVIDIA Corporation (NASDAQ: NVDA) may be about to head south. The bottom part of the following chart is the Relative Strength Index (RSI) Mo ...
June 07, 2021 8:56 AM
It may be time to buy the stock of Bank of America Corporation (NYSE: BAC). Resistance is a large group of sellers who are all trying to get the ...
June 07, 2021 8:41 AM
The bears may be about to hit Ford Motor Company (NYSE: F). The following chart shows the past 10 years. From a weekly perspective, shares have only b ...
June 04, 2021 11:05 AM
As oil continues to soar and approaches $70 a barrel, shares of many stocks in the energy sector have rallied as well. Some appear to be poised to kee ...
June 04, 2021 9:40 AM
As oil prices rise, so doshares of companies that hold a significant part of their assets in oil. The Energy Select Sector SPDR Fund (NYSE: XLE) holds ...
June 04, 2021 9:33 AM
Alphabet Inc. (NASDAQ: GOOGL) and Facebook, Inc. (NASDAQ: FB) may be in trouble. They have each stalled at resistance. If they can’t break throu ...