Charts To Watch

The chart shows a recent consolidation phase for Medtronic, indicating potential indecision in the market. A notable breakout level is observed near 94.01, with the stock potentially poised to test this resistance. The Bollinger Bands are tightening, suggesting reduced volatility, which often precedes significant price movements. The upward trend in the moving average could provide underlying support. Volume has been relatively stable, signaling cautious interest as the stock approaches key levels.

Charts To Watch – MDT

The chart shows Amazon.com, Inc. trending in an upward channel since May. Recent price action indicates a clear bounce off the lower Bollinger Band, with the price moving back towards the upper band. The volume trend is supportive, particularly with the recent surge, suggesting heightened interest. The 20-day SMA is also trending upwards, reinforcing the bullish sentiment. The next key observation will be whether the price can maintain momentum and break through resistance near the upper channel line.

Charts To Watch – AMZN

The chart displays a recent upward trend in the stock, supported by a steady rise along an ascending trendline. The stock is currently nearing a resistance level, indicated by the horizontal line around 525. The Bollinger Bands show the stock is trading within a tighter range, suggesting potential volatility. Volume has seen fluctuations but remains consistent, which may indicate increased interest. A breakout above the resistance could signal further upward momentum, while a reversal might see support tested near 511.

Charts To Watch – MCO

The chart indicates a potential breakout as the stock approaches a resistance level near 12.00. Recent price action shows a series of higher lows, suggesting bullish momentum. The volume appears supportive of this uptrend, and the Bollinger Bands are widening, indicating increased volatility. The 20-day moving average seems to provide a dynamic support level, reinforcing the potential for further upside if the resistance is breached.

Charts To Watch – WBA