Head Topics

Alphabet quietly hits new record in down market, forming bullish 'cup-and-handle' chart pattern

  • 📰 CNBC
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Mega-cap Alphabet (GOOGL) is one of the top performers in the S&P 500 Monday at a new all-time high.

Mega-cap Alphabet is one of the top performers in the S & P 500 Monday, hitting a new all-time high as the rest of the market struggles. This strength is meaningful on the chart because it lifts the stock above long-term resistance near $151, which goes back to 2021. Assuming the breakout is made decisive by the end of the week, we would see it as a bullish long-term development for

per a new bullish crossover in the weekly MACD. This should allow overbought conditions to be absorbed well.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This Shiba Inu Metric Explodes by 500% Amid a SHIB Price Rally: DetailsCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

HSBC Lifts Year-End Target for S&P 500 to 5,400 on Soft-Landing HopesHSBC Monday raised its year-end target for the benchmark S&P 500 to 5,400 from its prior forecast of 5,000, assuming a soft-landing for the U.S. economy and implying about 3% upside to the current levels.
Source: NEWSMAX - 🏆 16. / 71 Read more »

​​​DAX 40, S&P 500 Trade Close to Record Highs while FTSE 100 nears 8,000 Mark​​Outlook on FTSE 100, DAX 40 and S&P 500 amid FOMC and MPC member speeches.
Source: DailyFX - 🏆 305. / 63 Read more »

These 5 stocks are beating the S&P 500 — and analysts expect them to rise even furtherCNBC Pro screened the S&P 500 and the Vanguard FTSE All-World ex-US ETF for stocks that are beating the market so far this year — and that analysts love.
Source: CNBC - 🏆 12. / 72 Read more »

Get Geared Up for the Daytona 500 to Kick Off the 2024 NASCAR SeasonKick off the 2024 NASCAR season at Daytona with this collection of officially licensed NASCAR gear to ensure you're kitted out, trackside or couch-side.
Source: AutoweekUSA - 🏆 229. / 63 Read more »

British Columbia adding 500 public EV charging terminals | Car NewsThe British Columbia government will add 500 public charging stations for electric vehicles to its network. Auto123 has the details.
Source: auto123 - 🏆 566. / 51 Read more »