Each day we write a few articles covering stocks making key technical developments.

Printing a new high and a pattern resolution: 3D Systems Corp (NYSE:DDD)

by Josh Articles

3D Systems Corp. ($DDD) was last at $53.11, up $4.67 +9.6% today on heavy volume. 6,652,310 shares have traded already today, with the average daily volume at 3,392,693 shares.

3D Systems has been in a chart pattern known as an ascending triangle, with the lowers steadily becoming higher and higher. Shares are resolving the pattern to the upside today.

52 Week Range $21.57-$51.94
Market Cap 5,443,340,252
Average Volume 3,392,693
Dividend Yield 0.00%
Institutional Ownership 58.40%
Insider Ownership: 6.30%
Percentage of Float Short 28.00%
Beta 1.82

3D Systems Corporation manufactures & sells 3D content-to-print solutions & 3D printing systems. It offers products such as 3d systems software, scan-to-CAD & inspection software, RapMan & 3DTouch, Cube 3D Printer, production printers & 3Dproparts.

Qihoo 360: Continuing the trend (NYSE:QIHU)

by Josh Articles

Qihoo 360 Technology ($QIHU) is trading on higher than normal volume today and at a new high. Qihoo 360 Technology is up 7.98% at $78.87 on a volume of 5,376,600 shares. That’s already 2.47 times the normal daily volume of 2,366,268. Qihoo reported better than expected earnings and garnished some analyst upgrades as as result.

Shares gapped above the upper price envelope have have traded slightly lower here half way through the trading day.

52 Week Range $20.01-$76.00
Market Cap 9,695,257,300
Average Volume 2,366,268
Dividend Yield 0.00%
Institutional Ownership 52.10%
Insider Ownership: 0.00%
Percentage of Float Short 4.20%
Beta 2.52

Qihoo 360 Technology Qihoo 360 Technology Co., Ltd. provides high-quality internet and mobile security products in China. Its products and services are supported by its cloud-based security technology.

Metals & Mining ETF: Reversal in play (NYSE:XME, NYSE:SA, NYSE:EXK, NASDAQ:RGLD )

by Josh Articles

The SPDR S&P Metals & Mining ETF ($XME) is trading up again today, retesting the summer high of $37.80 set last week. Shares were last at $37.56 on a volume of 698,167 shortly after 11 am EST.

The chart of the XME, like many of the metals and mining stocks has formed a reversal pattern known as in inverse head and shoulders. Technical traders would be looking for a measured move of about $6 above the neckline at $36, or a target near $42 per share for the XME. That level was support last fall and became resistance in March as shares failed to rally above the prior support. Technicians will look for the $36 level to hold for the pattern to remain valid.

Shares are above the 50 day moving average and are approaching the 200 day, currently at $39.39.

52 Week Range $31.83-$48.26
Market Cap 613,052,000
Average Volume 3,292,480
Dividend Yield 1.66%
Institutional Ownership 0.00%
Insider Ownership: 0.00%
Percentage of Float Short 18.60%
Beta 1.79

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the metals and mining segment of a U.S. total market composite index. In seeking to track the performance of the S&P Metals & Mining Select Industry Index (the “index”), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the metals and mining industry group of the S&P Total Market Index (“S&P TMI”). The fund is non-diversified.

The top performing peers this past month have been Seabridge Gold (NYSE:SA) at $15.97 up +39.49% in the past month, Endeavour Silver Corp (NYSE:EXK) at $5.31, up +29.08% and Royal Gold, Inc (NASDAQ:RGLD) at $63.92 up +25.65% in the past month.

Their respective charts are listed below.

52 Week Range $8.23-$20.34
Market Cap 722,979,687
Average Volume 601,963
Dividend Yield 0.00%
Institutional Ownership 82.80%
Insider Ownership: 0.00%
Percentage of Float Short 10.20%
Beta 0.77

Seabridge Gold, Inc. is a development stage company. It acquires and explores gold properties located in North America.

52 Week Range $2.88-$10.73
Market Cap 531,619,583
Average Volume 1,572,555
Dividend Yield 0.00%
Institutional Ownership 33.50%
Insider Ownership: 0.00%
Percentage of Float Short 1.20%
Beta 1.18

Endeavour Silver Corporation is a mid-tier silver mining company focused on the growth of its silver production, reserves and resources in Mexico. The Company owns three silver producing mines in Mexico: the Guanacev mine, the Bolaitos & El Cubo mines.

52 Week Range $38.64-$100.84
Market Cap 4,115,885,086
Average Volume 1,027,530
Dividend Yield 1.30%
Institutional Ownership 75.10%
Insider Ownership: 4.40%
Percentage of Float Short 5.30%
Beta 0.42

Royal Gold Inc, together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties, precious metals streams and similar interests.

Manitowoc, Testing resistance after a shallow pullback (NYSE:MTW)

by Josh Articles

Manitowoc Co. ($MTW) was last at $21.23 +0.71 (3.46%) on a volume of 175,889 shares here at 10 am EST.

Shares are nearing a new 52 week high and testing the prior resistance level. Technical traders will view the shallow August pullback and subsequently narrow range with a bullish bias.

Shares are trading above both the 50 day and 200 day moving average.

52 Week Range $12.40-$21.50
Market Cap 2,829,617,415
Average Volume 2,007,101
Dividend Yield 0.39%
Institutional Ownership 78.90%
Insider Ownership: 1.70%
Percentage of Float Short 7.20%
Beta 3.23

Manitowoc Co Inc is a multi-industry, capital goods manufacturer. It operates in two business markets namely, Cranes and Related Products and Foodservice Equipment.

Testing Support: eBay Inc. (NASDAQ:EBAY)

by Josh Articles

Shares of eBay Inc. ($EBAY) are testing their support level today. Shares have been range bound this year. Trading in the $50 – $58 range. Shares were last at $51.12 on normal volume, 6,128,180 shares.

Shares rallied after again testing support, however the share price failed to fill the July gap down, leaving bearish traders to eye a potential lower high.

Shares are below the 200 and 50 day simple moving average are are falling below the 200 day EMA today.

52 Week Range $45.49-$58.04
Market Cap 66,392,812,242
Average Volume 10,012,460
Dividend Yield 0.00%
Institutional Ownership 85.60%
Insider Ownership: 10.20%
Percentage of Float Short 1.10%
Beta 1.42

eBay Inc. EBay Inc is a global commerce platform and payments provider. It enables commerce through three reportable segments: Marketplaces, Payments and GSI.

Aeropostale printing new lows ahead of earnings ( NYSE:ARO )

by Josh Articles

Aeropostale Inc. ($ARO) hit a new 52 week low on heavy volume today. ARO is at $11.59, and has traded in a range from $11.76 to $17.10 over the past 52 weeks. Volume here at the end of the lunch hour was last at 2,205,610 shares with a 50 day average daily of 1,950,267 shares.

Aeropostale shares broke down below support last week and have continued lower after breaking through the key support level.

52 Week Range $11.76-$17.10
Market Cap 907,113,639
Average Volume 1,950,267
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 2.20%
Percentage of Float Short 15.00%
Beta 1.25

Aeropostale Inc. Aeropostale, Inc., operates as a mall-based retailer of casual apparel and accessories for young women and men in the United States.

A look at Deckers Outdoor Corporation — A cup and handle (NASDAQ:DECK)

by DAN Articles

Deckers Outdoor Corporation ($DECK) averages are at $57.11 (21 day SMA), $54.65 (50 day SMA), $47.56 (200 day SMA). Over the past 52 weeks DECK has traded from a low of $28.53 to a high of $60.25. DECK was last at $58.31 on a volume of 205,273. Average daily volume has been at 783,020.

Deckers (DECK) has been consolidating for the past month as it trades in a fairly tight range below $60. The daily chart now resembles a “cup and handle” continuation pattern. Technical traders will want to watch the $60 price level. A breakout above that level is a bullish completion of the head & shoulder pattern.

52 Week Range $28.53-$60.25
Market Cap 2,021,975,498
Average Volume 783,020
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 5.20%
Percentage of Float Short 28.50%
Beta 1.33

Deckers Outdoor Corporation is a designer, producer, marketer, and brand manager of innovative, high-quality footwear and accessories.

Cliffs Natural Resources: Testing the 20 day (NYSE:CLF)

by Josh Articles

Cliffs Natural Resources ($CLF) was last at $21.88 on a volume of 4,197,200 shares. Shares are testing the 20 day moving average, currently at $21.36. Shares opened at $21.39, fell to $21 and then traded higher throughout the morning session.

Shares traded up to the 200 day moving average last week before taking a rest on comparatively lighter volume. The 200 day is currently at $25.09, 14.7% above the current share price.

Bullish traders will look for a break above the 200 day moving average to confirm a new trend for CLF shares.

52 Week Range $15.41-$46.83
Market Cap 3,351,917,283
Average Volume 9,260,078
Dividend Yield 2.76%
Institutional Ownership 80.80%
Insider Ownership: 0.90%
Percentage of Float Short 38.30%
Beta 2.48

Cliffs Natural Resources Inc. is a mining & natural resources company. It produces iron ore pellets, fines and lump ore, and metallurgical coal.

Abbott Laboratories: Testing the 200 day

by Josh Articles

Abbott Laboratories ($ABT) is testing a two technicals levels, the 200 day moving average and the higher lower forming it’s current coil pattern.

Shares tested the 200 day last session on heavy volume. Shares are trading right above the 200 day today, last at $34.90 on a light volume of 2,983,830 shares. Average daily volume has been 7,060,859 shares.

Shares have been printing lower highs and higher lows forming a coil this summer. The 200 day is coming up to meet that lower end of this support line.

52 Week Range $31.64-$72.47
Market Cap 54,235,866,639
Average Volume 7,060,859
Dividend Yield 1.60%
Institutional Ownership 73.10%
Insider Ownership: 0.00%
Percentage of Float Short 0.70%
Beta 0.22

Abbott Laboratories discovers, develops, manufactures and sells a broad and diversified line of health care products.

Yelp: Firming up at the 20 day (NYSE:YELP)

by Josh Articles

Yelp ($YELP) is firming up at the 20 day moving average. Shares were last at $50.23 on a volume of 3,203,340 shares, above average volume with another 45 minutes left before the closing bell.

Shares are firming up at the 20 day moving average, currently at $47.54, which is where precisely where the opening print was for Yelp this morning.

The online media industry has been especially strong, with peers including $FENG, $FB, $BIDU, $QIHU, $Z, $SINA, $DATE, $LNKD, $VIPS.

The earnings gap is currently sitting down at the 50 day moving average.

52 Week Range $16.32-$59.35
Market Cap 3,275,931,785
Average Volume 2,460,110
Dividend Yield 0.00%
Institutional Ownership 55.00%
Insider Ownership: 0.00%
Percentage of Float Short 9.30%
Beta 3.93

Yelp! Inc., connects people with local businesses. Its platform features more than 22 million reviews of almost every type of local business, from restaurants, boutiques and salons to dentists, mechanics, plumbers and more.

Merck is testing the 50 day (NYSE:MRK)

by Josh Articles

Merck & Co. Inc. ($MRK) is testing the 50 day moving average today, currently just below the trend line. Merck was last at $47.63 on a volume of 7,350,720 shares.

The 50 day moving average is currently at $47.77. Shares have been forming a wedge pattern, today’s price action is within the existing pattern.

52 Week Range $40.02-$50.16
Market Cap 139,354,002,834
Average Volume 14,560,416
Dividend Yield 3.59%
Institutional Ownership 75.90%
Insider Ownership: 0.10%
Percentage of Float Short 2.50%
Beta 0.59

Merck & Co. Inc. is below the 50 day moving average and above the 200 day moving average. These are bearish, bearish indicators respectively.

Merck & Co. Inc. Merck & Co Inc is a global health care company that delivers innovative health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products.

A look at SPDR S&P 500 ETF — Critical Technical Test (NYSE:SPY)

by DAN Articles

SPDR S&P 500 ETF ($SPY) averages are at $169.20 (21 day SMA), $165.55 (50 day SMA), $153.89 (200 day SMA). Over the past 52 weeks SPY has traded from a low of $134.70 to a high of $170.97. SPY was last at $166.06 on a volume of 11,496,400. Average daily volume has been at 126,048,294.

The S&P 500 has sustained two days of selling. Yesterday’s trading was on much higher volume than average, but it did not test the 50-day moving average. Today, the SPY is is testing that level, and technical traders will want to keep an eye on 165.81. This is the current level of the 50-day moving average. Over the past year, this key moving average has been tested every couple of months — each time, the SPY has rallied.

So technical traders should pay attention to this inflection point. A bounce? A good thing. A breakdown? Not so much.

52 Week Range $134.70-$170.97
Market Cap 151,070,824,781
Average Volume 126,048,294
Dividend Yield 2.00%
Institutional Ownership 0.00%
Insider Ownership: 0.00%
Percentage of Float Short 24.30%
Beta 1.00

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively “managed” by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index (“Index Securities”), the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Caterpillar: This cat wants to play (NYSE:CAT)

by Josh Articles

With the broader market selling off to test the 50 day moving average, Caterpillar Inc. ($CAT) bucked the trend to close at $85.86 up .04 (+.05%). Initially shares opened lower at $84.96, but then caught a bid and traded up to close the price gap from yesterday’s close.

Shares are in a technical pattern known as coil and will be watched closely by technicians for the pending resolution of the pattern.

Volume was slightly lighter than average today.

52 Week Range $79.49-$99.70
Market Cap 55,604,229,738
Average Volume 6,277,225
Dividend Yield 2.80%
Institutional Ownership 66.50%
Insider Ownership: 0.50%
Percentage of Float Short 3.70%
Beta 1.91

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. It also provides financial services through its subsidiaries.

Inverse head and shoulders resolving on Goldcorp (NYSE:GG)

by Josh Articles

Goldcorp Inc. ($GG) was last at $30.79 on a volume of 6,308,090 shares. Average daily volume has been 7,941,678 shares.

Goldcorp is resolving an inverted head and shoulders pattern. Technical traders look classify this as a reversal pattern. Goldcorp is approaching overhead resistance at the nearby 200 day moving average, currently sitting at $31.95.

52 Week Range $22.22-$47.42
Market Cap 25,004,241,586
Average Volume 7,941,678
Dividend Yield 2.04%
Institutional Ownership 61.30%
Insider Ownership: 0.00%
Percentage of Float Short 1.20%
Beta 0.70

Goldcorp, Inc., is a gold producer. The Company operates, explores, develops, and acquires precious metal properties in Canada, the United States, Mexico, and Central and South America.

Gap filled for Priceline.com (NASDAQ:PCLN)

by Josh Articles

Downside momentum is waning in Priceline.com ($PCLN) shares. Priceline was last at $935.94 on a volume of 415,152 shares here at the noon hour. Volume is slightly above average today.

Shares have now filled the gap created by earnings last week. Should priceline shares continue to hold or move higher this afternoon a doji candlestick or a hammer pattern (should shares continue higher) will be formed. Both patterns would indicated a reduction in selling pressure and mark a new short term support level.

52 Week Range $553.97-$994.98
Market Cap 48,200,633,540
Average Volume 706,404
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 2.60%
Percentage of Float Short 6.00%
Beta 1.24

Priceline.com, Inc is the online travel Company which offers its customers a range of travel services, including hotel rooms, car rentals, airline tickets, vacation packages, cruises and destination services.