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Alex Wolsky

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Nucor (NUE) Set to Break Out of Range

Nucor (NUE) shares consolidating in a narrow multi-week range and breaking out above January value this week with room above $118.50. Shares broke out of a downtrend in October and setting up for a big move back above the 2021 highs with upside targets of $130 and...

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Pioneer Natural (PXD) Weekly ‘Ready to Run’

Pioneer Natural (PXD) shares nearing a multi-week breakout above $187.25 after closing strong on Monday back above the top of monthly value. A breakout move has room to run above the prior highs and a measured target of $215. PXD is hitting our weekly ‘ready to run’...

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Ross Stores (ROST) Nearing Channel Breakout

Ross Stores (ROST) large weekly channel down from the 2021 highs and looking to breakout above $117.50 and make a move back towards $130+. The weekly is showing a positive RSI divergence and nearing a bullish MACD cross, too, so ready to run. The December low was also...

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Weekly Market View 1-2-22

The S&P 500 (SPX) broke out of a multi-week range and closed near new all-time highs last week as 2021 drew to a close. We pulled back a little on Thursday and Friday towards the rising 8-EMA but ranges overall compressed after a big run off the 12/20 low up...

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KLA Tencor (KLAC) Bullish Channel Breakout

 Kla Tencor (KLAC) bullish setup with shares moving back above monthly VPOC yesterday as well as clearing the 8- and 21-EMA and forming a narrow weekly channel below recent highs. A move above $420 has room to run to $460-$465. KLAC has been a relative strength name...

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Cadence (CDNS) Bull Flag Setting Up

Cadence Design (CDNS) shares hitting the ‘ready to run’ scan today in a coiled bull wedge back at the 55-EMA where shares have found support over the last week. A breakout above $184.50 triggers out of a downtrend and above a big volume shelf with room up to $196.50....

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