Today Technical Analysis

 TechChartMaster
 
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TechChartMaster specializing in key technical indicators, chart patterns, and trend analysis. With a focus on decoding market signals and providing actionable insights, TechChartMaster delivers comprehensive updates to help investors navigate the complexities of technical analysis effectively.
 

•  13 Feb 2025
 

Pitney Bowes ($PBI) surged to a fresh 52-week high, closing at $10.51, up $0.75. Momentum traders will be eyeing whether this breakout has more room to run. With volume surging over 8 million shares, well above its average of 2.25 million, there’s a strong case for continued bullish momentum.

AstraZeneca ($AZN) crossed above its 200-day moving average, a bullish signal that suggests a potential uptrend continuation. Despite closing slightly lower at $74.45, its ability to trade above this key technical level may indicate underlying strength.

Chemed ($CHE) also moved above its 200-day moving average, gaining $11.11 to close at $560.61. Breaking above this level often triggers further buying, so next week's open will be key in determining if the stock can build on this move.

Coinbase ($COIN) was the star of the session, rocketing up $23.21 to close at $298.11 after crushing Q4 earnings estimates. The stock cleared a key moving average, signaling renewed bullish momentum. With volume doubling its average, this could mark the start of a bigger rally.

Eversource Energy ($ES) and MGM Resorts ($MGM) both broke above their 200-day moving averages, closing at $62.50 and $40.37, respectively. These technical signals often attract institutional buying, reinforcing a bullish case for both stocks.

NICE Ltd ($NICE) also made a strong technical move, gaining 3.7% to $178.23. TE Connectivity ($TEL) followed suit, closing at $153.22 after breaking above its 200-day moving average. These breakouts could lead to further upside momentum next week.

Not all stocks had a positive session. Fastly ($FSLY) plunged below its 200-day moving average, closing at $7.97, down $2.10. This breakdown signals bearish momentum, with increased selling pressure likely to continue. Similarly, HanesBrands ($HBI) slid below its key moving average, finishing at $6.25, down $1.43, reinforcing the downtrend.

Quanta Services ($PWR) also fell below its critical moving average, closing at $290.86, down $7.47. This breakdown suggests caution, as further downside could be in store.

Oversold conditions were a theme in several names, including Booz Allen Hamilton ($BAH) at $117.88, Bio-Rad Laboratories ($BIO) at $306.36, and Centene ($CNC) at $56.81. These stocks may be due for a rebound if buyers step in at these discounted levels.

Among the hardest-hit names, Pegasystems ($PEGA) cratered to $85.28, down $20.81. The Trade Desk ($TTD) was another notable laggard, plunging $40.31 to $81.92. These sharp declines have put both stocks deep into oversold territory, raising the possibility of a technical bounce.