These recently downgraded names are displaying both quantitative and technical deterioration.
The stock will give buyers a chance once the algos stop forcing markets higher in response to all of the July data on inflation.
The charts of the entertainment giant are modestly positive before it reports fiscal third-quarter results after Wednesday's close.
A pair of nameless traders have been beating each other with statistics about PARA on FinTV. One's bullish, the other bearish.
One thing is sure: You can't call this stock 'overvalued'.
Many are hopeful that a significant change in market character is developing, but at this point it's still just another sizable bear market bounce.
There has been no magic in Walt Disney stock and the worst may not be over for the shares should the consumer struggle in a tough economy.
Let's review the charts and indicators.
Here's what you should continue to avoid.
Tuesday's rally in the Nasdaq and S&P 500 could prove to be short-lived thanks to disappointing subscriber numbers from Netflix.