Robert Moreno is a former member of the New York Cotton Exchange and the New York Board of Trade. He also authored a daily technical analysis brief popular with traders in the pits. He has managed for his own account for more than 25 years, is the publisher of Rightviewtrading.com and a member of the Market Technicians Association.
Recent Articles By The Author
ADP Shares Subdued After Bill Ackman Interview -- but That Will Change
ADP price action Wednesday after the CNBC interview with Ackman has been subdued and the stock is down 0.49% from Tuesday's close. Here's when volatility should return.
Don't Let Tesla's Break to New Highs Surprise You: Chart
The stock is pulling back Tuesday, but that should be short lived.
Northrop Grumman's Big Deal Reveals Why Investors Love Defense Stocks
The stock has upside resistance to break above before it becomes a long candidate.
This Pawn Star Is Ready to Break Out
W pattern spells a potentially strong and sudden move for this chain of pawn shops.
Oracle's Stock Price Could Suddenly Collapse
Investors should look for downside support levels, as they mark the borders of former upside gaps. Such gaps become support vacuums on the way back down and often act as "air pockets" that cause the stock price to drop suddenly and sharply.