Keysight Technologies has been stuck in a range, but some traders may think a breakout is coming.
The first pattern on today’s chart is the $165.89 level. It was the intraday high on February 26 as the broader market began a slide to the downside. The technology stock stalled near the same level in late May, even after a strong quarterly report.
KEYS ended above it on Thursday, July 3. It was the highest weekly close since February. (The stock also formed a bullish outside candle.)
Bollinger Band Width narrowed during the period of limited movement. Could that price compression give way to expansion?
Next, the 8-day exponential moving average (EMA) is above the 21-day EMA. Prices have also found support above the 200-day simple moving average, which is gently rising. Those signals may reflect bullishness in the short- and long-term periods.
Finally, KEYS noted increased demand for its network-testing equipment as data centers grow. Could investors come to view it as an overlooked AI play?
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at https://www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on https://www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit https://www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.
The first pattern on today’s chart is the $165.89 level. It was the intraday high on February 26 as the broader market began a slide to the downside. The technology stock stalled near the same level in late May, even after a strong quarterly report.
KEYS ended above it on Thursday, July 3. It was the highest weekly close since February. (The stock also formed a bullish outside candle.)
Bollinger Band Width narrowed during the period of limited movement. Could that price compression give way to expansion?
Next, the 8-day exponential moving average (EMA) is above the 21-day EMA. Prices have also found support above the 200-day simple moving average, which is gently rising. Those signals may reflect bullishness in the short- and long-term periods.
Finally, KEYS noted increased demand for its network-testing equipment as data centers grow. Could investors come to view it as an overlooked AI play?
Check out TradingView's The Leap competition sponsored by TradeStation.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at https://www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on https://www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit https://www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.