General Electric Co (GE) Up 1.19%, Crosses 50 Day Moving Average; Pin Bar Pattern Appearing on Chart
Floating shares are through the roof, investors have been diluted bigtime.
Mega Cap US Stocks
Last Updated July 6, 2020 at 11:25 GMT
The instruments in the Mega Cap US Stocks asset class that made the biggest moves, on a percentage basis, over the past day were Pfizer Inc, Alphabet Inc, and Facebook Inc. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
Trend News
Over the past two weeks, the strongest trend has been on Jpmorgan Chase & Co. Alternatively, on a 90 day basis, the strongest trend appears on Facebook Inc. Price action traders will also want to note that a base appears to be forming on Pfizer Inc. Price bases often precede increases in volatility and a clear trend.Moving Averages In The Mega Cap Us Stocks World
For those who pay attention to moving averages, Merck & Co Inc may be of particular interest. It crossed its 50 and 100 day moving averages. Outside of Merck & Co Inc, other pairs that crossed notable moving average levels include Visa Inc, Mastercard Inc, Pfizer Inc, Home Depot Inc, General Electric Co, Johnson & Johnson and Walmart Inc; they crossed their 20, 20, 20, 20, 50, 200 and 200 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Amazon Com Inc has perhaps the strongest trend. See the chart below.
One other point on moving averages: instruments Johnson & Johnson and Walmart Inc are close to their 200 day moving average.
PROCTER & GAMBLE Co (PG) Up 0.75%; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that procter & gamble co’s price has gone up 5 of the previous 10 trading days.
Alphabet Inc (GOOGL) Moves Up For the 4th Day In A Row, in an Uptrend Over Past 90 Days; Price Base in Formation Over Past 30 Days
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Facebook Inc (FB) Underperforms All mega cap US stocks, But Still in an Uptrend Over Past 90 Days; Nears 20 Day Moving Average
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Home Depot Inc (HD) Up 0.14%, Breaks Above 20 Day Average; Price Base in Formation Over Past 14 and 30 Days
The price move occurred on volume that was down 8.42% from the day prior, but up 8.63% from the same day the week before.
Walt Disney Co (DIS) Down 0.73%, in a Downtrend Over Past 14 Days; Nears 100 Day Moving Average
The price move occurred on volume that was down 13.61% from the day prior, but up 1.23% from the same day the week before.
Verizon Communications Inc (VZ) Up 0.22%; in a Downtrend Over Past 14 Days
The change in price came along side change in volume that was up 23.1% from previous day, but down 23.67% from the sunday of last week.
Comcast Corp (CMCSA) Down 1.13%
The price move occurred on volume that was up 28.64% from the day prior, but down 6.39% from the same day the week before.
At&T Inc (T) Up 0.6%; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that at&t inc’s price has gone up 18 of the previous 30 trading days.
Intel Corp (INTC) Up 0.54%, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Record rev’s and guidance this q and will be nasdaq stock of the year.