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Alex Wolsky

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Boston Scientific (BSX) Weekly Range Breakout

Boston Scientific (BSX) shares look ready to make a big move out above the 2020 and 2021 highs after consolidating in a multi-week flag under $45.50. Shares are clearing the 8- and 21-EMA this week and just below a downtrend from the August highs. BSX has shown some...

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Union Pacific (UNP) Bull Wedge Breakout Setting Up

 Union Pacific (UNP) shares back at the top of February value and clearing it’s short-term moving averages this week as it looks set to make a run at recent highs. A move above $250 sets up for a measured move to $275. Momentum is starting to inflect higher with MACD...

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Weekly Market View 2-13-22

The S&P 500 (SPX) finished lower for the week after failing again to break above the declining 55-EMA and 61.8% Fibonacci retracement of the January sell-off. Friday’s sell-off brought price back into the top of balance from the January lows and the...

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United Rentals (URI) Base Breakout

United Rentals (URI) jumping higher yesterday and clearing the 55-EMA and positioned well for a base breakout above VWAP from the November highs. A move above $337.50 can run to $360.50 and the top of the prior multi-week balance. Shares are hitting the ‘ready to run’...

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Citi (C) Consolidating Below Trend Breakout

Citigroup (C) setting up in a small bull flag just below a downtrend from the October highs with a breakout move above $67 setting up for a run to $70 in the near-term. Citi has shown relative strength since early January and held the 50% retracement of the big rally...

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Weekly Market View 2-6-22

The S&P 500 (SPX) continued its bounce-back last week rising into key short-term resistance while ranges remain wide, and volatility elevated. The 10-day range for the S&P is 114.5 points versus this time last month when it was 68.25. Momentum continues to...

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