Shares of Tesla, Inc. (NASDAQ: TSLA) may be about to cross the uptrend line on the chart. And that could mean the recent rally is finally coming to an end.
For almost a year, shares of the iShares Russell 2000 ETF (NYSE: IWM) have been in a narrow trading range, but that may have changed. IWM has broken out of the range and may be poised to trade higher.
Shares of Tesla, Inc. (NASDAQ: TSLA) made history Monday, but it might not be the good kind.
The stock is very overbought. This means it has reached extremes above what would be its typical or average trading range. This is important because overbought stocks tend to sell off.
Shares of Procter & Gamble Company (NYSE: PG) have dropped to a level that has been support before. This means they may be about to rally.
There was support around $138.50 in early October. When shares fell to this level, they reversed course and moved higher.