Want to learn how to read stock charts?
Well, we called in Bruce Kamich, our resident Chart Professor, to help you learn that and more.
Because when it comes to investing in stocks, it is important that you are able to perform your own technical analysis of some stock charts.
Technical analysis sounds wonky but it’s basically financial analysis that uses patterns to identify trends and make educated predictions. And that’s exactly what the Chart Professor does with his charts every day.
He walked us through four basic charts:
Line — The simplest chart because it only requires one piece of data: the stock’s last price. So it’s basically like connect the dots but leaves out important info all-time highs, etc…. Bar — Three prices are included here: the stock’s high price, low price and its closing price of the day or week are all included in each of the individual bars line that make up this chart. Candlestick — Four prices included here: the open, the high the low and the close all make up the little rectangle shape on this chart. relation to the open and the close — if we close below the opening — bearish and the . If we close above the open price, bullish ed or pink is bearish white is bullish — Point and Figure — The oldest chart in U.S., it dates back to 1880’s and And a mark only is made on this chart when the stock moves a predetermined price. In the chart in this video, each X represents a 10 points move up. A 0 notes a reaction to the move.
And then talked about the three things you need to do with each of those charts:
Best Low Price Stocks To Own Right Now: Cadence Design Systems, Inc.(CDNS)
- [By Shane Hupp]
Swiss National Bank cut its holdings in Cadence Design Systems (NASDAQ:CDNS) by 12.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 905,900 shares of the software maker’s stock after selling 125,700 shares during the period. Swiss National Bank owned 0.32% of Cadence Design Systems worth $33,310,000 as of its most recent SEC filing.
- [By Timothy Green]
Shares of Cadence Design Systems (NASDAQ:CDNS) jumped on Tuesday after the provider of design solutions for integrated circuits and electronic devices reported its first-quarter results. The company beat analyst estimates for both revenue and earnings, and it provided guidance that came in above analyst expectations. As of 1 p.m. EDT, the stock was up about 9.5%.
- [By Garrett Baldwin]
Southwest Airlines Inc. (NYSE: LUV) canceled flights across the country in order to inspect the engines of 40 different airplanes. The inspections come a week after a mid-air engine explosion caused the first U.S. air fatality since 2009. Money Morning Executive Editor Bill Patalon breaks down the aftermath of the accident, and explains what it means for both Southwest and Boeing Co. (NYSE: BA).
The price of Bitcoin pushed back toward $9,000 as the post-tax season breakout continues for the cryptocurrency markets. The total value of the global cryptocurrency market topped $400 billion this morning, a significant recovery from the massive downturn that occurred in the first quarter. As we explained on Saturday, now may be the best time to buy Bitcoin since July 2013. That month was when Money MorningDefense and Tech Specialist Michael A. Robinson went on live television with a bold prediction forBitcoin (BTC), which would be followed by 25,351% gains at the peak of the cryptocurrency’s run. Find out where Bitcoin is heading next, right here.
Three Stocks to Watch Today: GOOGL, LUV, HAS
Alphabet Inc. (Nasdaq: GOOGL) leads another busy day of earnings reports on Monday. Wall Street anticipates that the online media giant will report earnings per share (EPS) of $9.21 on top of $24.29 billion in revenue.
Hasbro Inc. (NYSE: HAS) slumped more than 7.6% in pre-market hours after the company reported earnings. The toymaker reported adjusted EPS of $0.10, well short of the $0.33 expected on Wall Street. The firm also reported weaker-than-expected revenue for the quarter. The firm named Toys ‘R Us as a central reason for poor showing – the company recently liquidated its stores, impacting Hasbro Inc.’s (Nasdaq: HAS) bottom lines.
Look for earnings reports from Halliburton Co.(NYSE: HAL), Alaska Air Group Inc.(NYSE: ALK), Whirlpool Corp. (NYSE: WHR), TD Ameritrade Holding Corp. (Nasdaq: AMTD), Kimberley-Clark Corp. (NYSE: KMB), Cadence Design Syst
- [By Lisa Levin] Gainers
SemiLEDs Corporation (NASDAQ: LEDS) shares rose 35.8 percent to $4.55.
EVINE Live Inc. (NASDAQ: EVLV) gained 28.8 percent to $1.04. The pay-TV home shopping company was named as a potential acquisition target by TechCrunch. According to the publication, Amazon.com, Inc. (NASDAQ: AMZN) is exploring ways of marketing its products and services to consumers beyond the internet.
Sanmina Corp (NASDAQ: SANM) shares surged 19.1 percent to $33.00 as the company reported stronger-than-expected earnings for its second quarter on Monday.
Heidrick & Struggles International, Inc. (NASDAQ: HSII) gained 14.9 percent to $37.22 as the company posted upbeat results for its first quarter.
Santander Consumer USA Holdings Inc. (NYSE: SC) shares climbed 14 percent to $17.90 following upbeat quarterly earnings.
Helix Energy Solutions Group, Inc. (NYSE: HLX) climbed 14 percent to $7.12 following strong quarterly results.
Check-Cap Ltd. (NASDAQ: CHEK) gained 13.6 percent to $8.25.
Atossa Genetics Inc. (NASDAQ: ATOS) rose 11.8 percent to $3.34. Atossa Genetics disclosed that it has Received positive interim review from the Independent Safety Committee in Phase 1 Topical endoxifen dose escalation study in men.
Cadence Design Systems, Inc. (NASDAQ: CDNS) gained 11.6 percent to $40.99 after the company posted upbeat Q1 results and issued a strong Q2 forecast.
Genprex, Inc. (NASDAQ: GNPX) climbed 11.2 percent to $4.9363.
Mitel Networks Corporation (NASDAQ: MITL) rose 10.5 percent to $11.23 after the company agreed to be acquired by affiliates of Searchlight Capital Partners for $2.0 billion.
Systemax Inc. (NYSE: SYX) rose 10.2 percent to $30.86. Sidoti & Co. upgraded Systemax from Neutral to Buy.
Orchids Paper Products Company (NYSE: TIS) surged 9.2 percent to $7.13. Orchids Paper Products is expected to report its Q1 financial results on Wednesday, April 25, 2018.
New Oriental Education & Technology Group Inc. (NYSE: EDU) rose
- [By Shane Hupp]
Cadence Design Systems (NASDAQ:CDNS) is scheduled to announce its earnings results after the market closes on Monday, July 23rd. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Cadence Design Systems has set its Q2 guidance at $0.39-$0.41 EPS.
- [By Motley Fool Staff]
Cadence Design Systems (NASDAQ:CDNS) Q1 2018 Earnings Conference CallApril 23, 2018 5:00 p.m. ET
Prepared Remarks Questions and Answers Call Participants
Best Low Price Stocks To Own Right Now: WD-40 Company(WDFC)
- [By Tyler Crowe, Rich Smith, and Daniel Miller]
In the spirit of Lynch’s investment principles, we asked three of our Motley Fool investors to each highlight a stock Wall Street isn’t paying much attention to, but could be a great investment. Here’s a brief look at their selections: WD-40 Company (NASDAQ:WDFC), Control4 (NASDAQ:CTRL), and VSE Corporation (NASDAQ:VSEC).
- [By Logan Wallace]
WD-40 (NASDAQ:WDFC) Director Daniel E. Pittard bought 530 shares of WD-40 stock in a transaction on Thursday, May 10th. The shares were purchased at an average cost of $132.65 per share, for a total transaction of $70,304.50. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
- [By Joseph Griffin]
Principal Financial Group Inc. boosted its holdings in shares of WD-40 (NASDAQ:WDFC) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,123 shares of the specialty chemicals company’s stock after buying an additional 3,074 shares during the quarter. Principal Financial Group Inc. owned approximately 0.81% of WD-40 worth $14,767,000 as of its most recent SEC filing.
Best Low Price Stocks To Own Right Now: ImmunoGen, Inc.(IMGN)
- [By Brian Orelli]
ImmunoGen (NASDAQ:IMGN) is in waiting mode with its lead drug, mirvetuximab, being tested in the phase 3 Forward I trial in patients with ovarian cancer, making for a relatively quiet first-quarter earnings release.
- [By Brian Orelli]
Shares of ImmunoGen (NASDAQ:IMGN) fell 15.1% in June according to data provided byS&P Global Market Intelligence, following the biotech’s announcement that it raised additional capital through a secondary offering.
- [By Brian Orelli]
Shares of ImmunoGen (NASDAQ:IMGN) are up 10.4% at 3:10 p.m. EDT on no apparent news. Most likely, shares of the highly volatile biotech are up as investors jump in ahead of the American Society of Clinical Oncology (ASCO) meeting set to start tomorrow.