Trading in Apple Inc. AAPL is quiet on Thursday. The stock has not participated in the recent broad market rally. While NVIDIA Corp NVDA and Microsoft Corp MSFT have soared to all-time highs, Apple has lagged. But now there's a chance Apple could be about to put some downward pressure on the market. This is why it is the Stock of the Day. Despite its lackluster performance, Apple is still the third-largest stock in the Technology Select Sector SPDR Fund XLK: Nvidia is 14.88%, Microsoft makes up 14.02%, and ...

Retail stock Macy's Inc (NYSE:M) was last seen up 1.1% at $12.59, and running into several layers of resistance on the charts. The $12.60 level has kept a lid on gains for the last couple months, while overhead pressure at the 100-day moving average has moved in as well -- a trendline that has preceded downturns in the past. Per Schaeffer's Senior Quantitative Analyst Rocky White, the stock is within 0.75 of the 100-day moving average's 20-day average true range (ATR), after spending at least 80% of the las ...

Trading in Tesla, Inc. TSLA is relatively quiet Tuesday. This follows a period of extreme volatility. But while Elon Musk may not be very predictable, the action in Tesla stock has been.This is why it's our Stock of the Day.As you can see on the chart, Tesla recently hit resistance and reversed off the $359 level. This wasn't a coincidence. There tends to be resistance at price levels that had previously been resistance.This happens because of buyer’s remorse.Some people bought shares of Tesla at around $35 ...

Bank of America Corporation BAC is trading higher on Tuesday. The shares appear to be breaking out. This can be a bullish dynamic and it would suggest the stock will continue to trade higher.This is why Bank of America is our Stock of the Day.With the market at all-time highs, it isn't a surprise that there are many stocks breaking out. Bank of America is one of them.If a stock is in an uptrend, it is because the market for it is out of equilibrium. There are more shares to be bought than to be sold. Buyers ...

Trading in shares of Microsoft Corporation MSFT is quiet Tuesday. It is consolidating after its recent historic move higher. The stock has gained more than 30% since the April lows.Microsoft is the biggest company in the market, and continued bullish action here could pull the broader market to new all-time highs. That’s why Benzinga has made it our Stock of the Day. Many traders and investors are still cautious about the market. This is despite the fact that the rally that began in early April has been his ...

Shares Lyft, Inc. LYFT continue to move higher Monday. The company reported better than expected earnings. CEO David Risher said the quarter was the company's 16th consecutive one of double-digit year over year gross bookings growth.If the shares reach the $18.50 level, there is a good chance the move higher pauses or ends. There tends to be resistance at prices that had previously been resistance or a peak, and as you can see on the chart below, $18.50 was resistance in November. This is why our technical ...

Core Viewpoint - Palantir Technologies Inc. shares are experiencing upward movement, indicating a potential new uptrend after breaking through previous resistance levels [1][7]. Group 1: Stock Performance - The stock faced resistance around the $97.75 level in late March, leading to a sell-off [1][5]. - Upon returning to the $97.75 level, the stock encountered resistance again due to buyer remorse from previous investors [5][6]. - The recent trading action suggests that the resistance has been broken, with the stock now trading above the previous resistance level [7][8]. Group 2: Market Dynamics - Concerned sellers who initially created resistance began to lower their offering prices, leading to a snowball effect and a new downtrend [3][4]. - A large number of sell orders at the $97.75 level formed resistance again, but this supply appears to have been removed from the market [6][8]. - With reduced supply, buyers may need to outbid each other, potentially driving prices higher and forming a new uptrend [8].