Doug Busch has been trading the U.S. equity markets for two decades using traditional technical analysis, as a trend follower, with an emphasis with Japanese candlesticks. @ChartSmarter
Whirlpool Corp. (WHR) has continued to make lower lows since failing to take out resistance at $200 on several occasions last summer. WHR is a durable-good laggard; down 10% year-to-date, 16% during the last 12 months and sports a dividend yield of 3%. Earnings momentum is going the right way with back-to-back quarterly gains following quarterly losses of 10.5% (Q3 2017) and 6.3 (Q2 2017).
Apple has a big say in where Nasdaq goes as the largest piece of index comprising 7.3%. The technology behemoth is up 11% year-to-date, 25% over the last 12 months and sports a dividend yield of 1.5%. Earnings have been mostly higher with gains in three of the last four quarters. The stock began a sharp rally at the end of April, which pushed it $25 higher (15%) during the following four weeks.
ITG Investment Technology Group has been a laggard in a sector that is now spiraling lower — not a good combination. ITG is an investment play that is unchanged year-to-date and 3% lower during the last 12-month period. It sports a dividend yield of 1.4%. Earnings momentum has been waning with three straight losing quarters: 1.3%, 14.7% and 3.6% respectively.
While many fintech firms are swimming firmly upstream, Broadridge Financial Solutions is up 16% year-to-date and 54% duing the last 12-month period with a dividend yield of 1.4%. Earnings have been mixed, splitting positive and negative quarters over the last year.
Ecopetrol SA is an energy firm that is up 20% year-to-date, 86% over the last 12-months and sports compellingly bullish technicals after testing support at the 50-day simple moving average following the early February sell-off. Earnings have been mixed with gains of 2.1% and 6.4% during the last two quarters.
Healthcare play CytomX Therapeutics Inc. appears headed higher after a cup base breakout in early 2018. CTMX is higher by 120% during the last one-year period. Earnings have been mostly higher with three consecutive significant quarterly gains.
Check Point Software Technologies (CHKP) is an “old tech” play that has grown by 19% during the last one-year period but is sitting 13% off its 52-week highs. Earnings momentum is weakening with back-to-back quarterly losses of 12.5% and 7.2% respectively.
NetGear Inc., a networking play unchanged year-to-date and down 4% during last 12-months, broke out to nine-month highs dating back to March 20 in mid-December. Earnings momentum is turning around with back-to-back gains of 0.4% and 11.8% (Q2 and Q3) after three straight quarterly losses. NTGR: Gearing
for breakout