Stand with The Libertarian Institute

The Empire has us on the brink of nuclear Armageddon. The central bank has us flirting with economic-social collapse. Americans are increasingly paranoid of one another and simultaneously invested in wielding the state against one another.

The voices of the establishment are legion. The voices of dissent are few. Make your stand for liberty by supporting The Libertarian Institute today.

What Some Stocks Are Doing Now is Crazy

by | Jul 20, 2017

What Some Stocks Are Doing Now is Crazy

by | Jul 20, 2017

We saw a lot of stocks go up huge in May and then have key reversal days on June 9th on high volume.

NVDA for instance went up over 68% in less than six weeks.

Then it had a big down day.

That action looked like the makings of a potential top or the start of a healthy consolidation pause that could last for months.

But now NVDA is back up on it’s high.

It’s hard to expect a stock that went up 68% in such a short-term amount of time to immediately begin another big run like that.

But some stocks are in a position where they look like they could take off into bubble top runs.

FB is one example.

Take a look at this technical analysis chart.

  • Facebook
  • Twitter
  • Pinterest
  • reddit
  • LinkedIn
  • Buffer

As you can see FB has been going straight up at an 85 degree angle for the past ten trading sessions.

An advance at that angle is not sustainable forever.

Read the rest at Wall St. Window.

About Mike Swanson

Our Books

thisone

Related Articles

Related

TGIF: On Liberty and Security

TGIF: On Liberty and Security

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Benjamin Franklin's famous words are often quoted because, alas, they are always relevant. Whether Franklin meant what libertarians take him to have...

read more
Will Joe Biden Make the Trains Run on Time?

Will Joe Biden Make the Trains Run on Time?

“I intend to be the most pro-union President leading the most pro-union administration in American history," President Joe Biden promised last year. But Uncle Joe has found his “inner Mussolini” and nothing is as important as the trains running on time. Biden is...

read more

Pin It on Pinterest

Share This