Timothy Smith

Key Takeaways Palantir shares are likely to be in the spotlight on Monday after the Nasdaq announced late Friday that the analytics software provider had been added to the Nasdaq 100 Index. The stock has continued to trend sharply higher after breaking out from a cup and handle pattern, though the relative strength index cautions overbought conditions that could lead to near-term price fluctuations.

Key Takeaways MicroStrategy shares rose in premarket trading Monday after Bitcoin set a new record high and the company's stock was added to the Nasdaq 100 index. The stock has consolidated within a descending triangle, a chart pattern that often signals a move in the direction of a breakout or breakdown.

Key Takeaways Tesla shares continued their extended post-election rally on Monday, rallying to a new record high after Wedbush boosted its price target on the EV maker's stock. The shares have trended sharply higher after breaking out from an ascending triangle, though the relative strength index signals extremely overbought conditions, which could lead to short-term profit-taking.

Key Takeaways Super Micro Computer shares moved higher in premarket trading Tuesday after plunging yesterday following news that the stock will be removed from the Nasdaq 100 Index and reports that the company is exploring ways to raise capital. The stock initially ran into selling pressure last week after rallying nearly two-fold from last month’s low to fill a late October gap.

Nvidia shares fell for the fourth straight session on Tuesday, extending their slide into a technical correction as the stock is down 15% from last month's record high. Monitor these important chart levels.

In This Article ^DJI Source: TradingView.com Key Takeaways

Key Takeaways Micron shares traded sharply lower in extended trading on Wednesday after the memory chip maker and Nvidia partner issued a weaker-than-expected current-quarter outlook. The stock looks set to stage a decisive breakdown below a trading range on Thursday, increasing the potential for further earnings-driven selling. Investors should monitor key price levels on Micron's chart around $85, $78, and $72, while also watching an important overhead area near $97.

UnitedHealth shares have been on the decline since the CEO of its UnitedHealthcare unit was killed in New York City on Dec. 4. Monitor these important chart levels.

FedEx shares moved sharply higher in extended trading on Thursday after the shipping giant announced plans to spin off its freight business as a separate public company, news that overshadowed a lowered full-year outlook. Monitor these important chart levels.

Key Takeaways Nike shares lost ground Friday morning as the sports apparel and equipment company, which is undergoing an ambitious strategy shift, provided a weaker-than-expected outlook. The stock has traded within a 15-month falling wedge, a chart pattern consisting of two converging downward sloping trendlines that often precedes an upward breakout.