Is It Time to Sell These 3 Stocks?
It may be time to sell GameStop Corp. (NYSE: GME), Mind Medicine (MindMed) Inc. (NASDAQ: MNMD), and Archer-Daniels-Midland Company (NYSE:
3 ETFs To Consider As Inflation Hedges
Even the experts are starting to understand that there is inflation. It’s been apparent for months. Gas prices are soaring, copper is a multi-year higher, and the price of lumber is the highest that it has ever been.
In general, inflation is bad for investors. Higher prices mean higher costs, and that affects the bottom line.
Litecoin Continues To Soar After Turnaround
After finding support at $225, Litecoin (CRYPTO:LTC) is soaring, up about 30% in the past week.
Support is a large concentration of buyers gathered at the same price level. In this case, it was $225. At support levels, there is more demand than supply. That’s why sell-offs end when they reach them, and that’s what happened here.
MindMed Stock Hits A Wall Of Resistance
Shares of Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) have hit a wall of resistance at the $4.30 level. This has put a top on the stock.
Litecoin Rally Offers Trading Lesson
After its recent sell-off, the cryptocurrency Litecoin (CRYPTO:LTC) reversed and rallied when it reached the $225 level.
Savvy traders are able to predict when sell-offs will end by identifying levels that had previously been resistance. That’s what happened here with $225.
Teradata Gaps Higher But Slams into Important Resistance
Shares of software company Teradata Corporation (NYSE: TDC) soared on a good earnings report, but they've hit a wall of resistance and are now trending lower on the day.
3 Penny Stocks That Wall Street Wants You To Buy Now
Penny stocks are very risky, which is why they have such low prices. Many of the companies in this risky part of the market will go bankrupt.
Most penny stocks aren't followed by the Wall Street brokerage firms. It's not worth their time. The brokerage firms wouldn't recommend that their clients invest in them.
3 Reasons Why Stocks Are Down Today
The Technology Select Sector SPDR Fund (NYSE: XLK), Health Care Select Sector SPDR Fund (NYSE: XLV), and the Financial Select Sector SPDR Fund (NYSE:
Why CVS Stock Could Be About To Make A Big Move Lower
CVS Health Corporation (NYSE: CVS) shares have once again run into resistance at the $76.50 level and may be about to move lower.