Mark Putrino - Spark Newswire

1 minute read

Will Chewy’s Stock Rally Continue After Earnings?

Today, 7:57 AM

Shares of Chewy, Inc. (NYSE: CHWY) may have broken resistance. This means the recent uptrend may continue. There was resistance at the $77.50 because it previously been a support level. What was support can become resistance and that’s what happened here.

CHWY

1 minute read

Has TRxADE HEALTH Stock Broken Critical Long-Term Resistance?

By Mark Putrino

Today, 7:57 AM

Markets have memories. This means that a particular support or resistance level can stay in place for a long-time. This has been the case with the $7.95 level for shares of TRxADE HEALTH, Inc. (NASDAQ: MEDS), but this critical long-term resistance level may finally have broken.

MEDS

1 minute read

Is The Invesco Mortgage Capital Stock Rally Over?

By Mark Putrino

Today, 7:57 AM

Shares of Invesco Mortgage Capital Inc. (NYSE: IVR) have been ripping higher, but the rally may be over. In January, after a large move higher, Invesco's stock hit the $4.60 level. They ran into a wall of sellers and this put an end to the rally. A rapid and large sell-off followed.

IVR

1 minute read

Is It Time To Buy This Homebuilder Stock?

By Mark Putrino

Today, 7:57 AM

Shares of homebuilder Hovnanian Enterprises, Inc. (NYSE: HOV) have crashed. Since June 1, shares have lost more than 40% of their value.

HOV

1 minute read

3 Penny Stocks To Consider For The Oil Rally

By Mark Putrino

Today, 7:57 AM

As oil continues to soar and approaches $70 a barrel, shares of many stocks in the energy sector have rallied as well. Some appear to be poised to keep moving higher.

UGP

1 minute read

This Energy ETF May Be Breaking Out

By Mark Putrino

Today, 7:57 AM

As oil prices rise, so doshares of companies that hold a significant part of their assets in oil. The Energy Select Sector SPDR Fund (NYSE: XLE) holds the stocks of many of these companies.

XLE

1 minute read

Shares Of Alphabet And Facebook Slam Into Resistance And Stall

By Mark Putrino

Today, 7:57 AM

Alphabet Inc. (NASDAQ: GOOGL) and Facebook, Inc. (NASDAQ: FB) may be in trouble.

1 minute read

Is Apple’s Stock About To Rally?

By Mark Putrino

Today, 7:57 AM

If shares of Apple Inc. (NASDAQ: AAPL) reach the $120 level, they may rebound. This level was support during the second half of March. Levels that had previously been support can become so again, and that could happen here.

AAPL

1 minute read

3 Penny Stocks In The Energy Sector Ripe To Play For Inflation

By Mark Putrino

Today, 7:57 AM

Inflation is here. Commodity prices are soaring, with the price of oil up by about 10% in just two weeks. As a result, many energy-based stocks have already broken out.

CPG

1 minute read

Is Alibaba’s Stock About To Rally?

By Mark Putrino

Today, 7:57 AM

Support is a large concentration of buyers who are all looking to pay the same price. At support levels, there is more demand for shares than there is supply. That’s why sell-offs end when they reach them. Sometimes when stocks fall to support, the tide turns and the stock rallies or rebounds.

BABA