The Spider Small-Cap 600 ETF (NYSE: SLY) extended its winning streak to four-straight sessions following the intraday push to $96.37. Prior and lower resistance from early March at $96-$96.50 was breached but held. A close above the latter would signal additional upside towards $97.50-$98. Support is at $95-$94.50 followed by $93.50-$93. RSI (relative strength indicator) […]
Nano-X Imaging (NNOX) zoomed 17% after announcing its digital X-ray device has received 510(k) clearance from the Food and Drug Administration. The company’s CEO said they remain on track to commence system shipments in the fourth quarter of this year and the first quarter of 2022 with the goal of finalizing deployment of the initial […]
Shares of Ford Motor Co. (NYSE: F) broke out to a fresh 52-week peak following a price target upgrade to $11 from $9. The analyst kept a Hold rating on the shares and sees strong volume growth in 2021 for U.S. autos helped by easy compares, low inventories, and coronavirus-induced demand for comfort, privacy and […]
Before the open: Bank of Hawaii (BOH), Cadence Bancorporation (CADE), Kimberly-Clark (KMB), OFG Bancorp (OFG) After the close: AGNC Investment (AGNC), Boot Barn Holdings (BOOT), Covenant Logistics Group (CVLG), Crane (CR), Flexsteel Industries (FLXS), Graco (GGG), H.B. Fuller Company (FUL). Hexcel (HXL), J & J Snack Foods (JJSF), ServisFirst Bancshares (SFBS), Steel Dynamics (STLD), […]
Shares of BlackBerry Ltd. (NYSE: BB) rallied 8% after the company said it has settled the disputes over patent royalties against Facebook Inc. (Nasdaq: FB) for terms that weren’t disclosed. BlackBerry had sued Facebook in 2018 in a fight over messaging patents and was then countersued over patents for voice messaging technology.
Consumer Staples Select Spiders (XLP, $64.85, up $0.55) XLP September 65 calls (XLP200918C00065000, $0.80, up $0.15) Entry Price: $0.70 (8/17/2020) Exit Target: $1.40 Return: 14% Stop Target: None Action: Lower resistance at $64.50-$65 was recovered with shares closing on the session high of $64.85. Support remains at $64-$63.50.