Dogecoin (CRYPTO: DOGE) investors should soon expect to dive in for another major downturn.
What Happened: According to a recent AMBCrypto technical analysis, Dogecoin's price rested on support located in the $0.28 area and its 12-hour 200-candle simple moving average.
Since the analysis was first published, the coin has already lost the support and dropped down to $0.2734 as of press time.
Per the report, Dogecoin had an opportunity to start an uptrend when it broke over $0.28 on August 13, but then it failed to hold its price above $0.35, which invited bearish sentiment.
More downside was invited by the coin's price performing a symmetrical triangle and broke the $0.28 support, which has been in play since the coin broke new highs in early April.
Why It Matters: Bulls could have been spurred by the 12-hour 200-candle simple moving average close to crossing over the 50-candle simple moving average, which would have been an uptrend sign suggesting a possible market reversal.
But bears are also reassured by the Awesome Oscillator showing weakness and threatening to move below the half line for the first time in over three weeks, while the directional movement index showed further bearish confirmation as the -DI crossed above the +DI, indicating a trend switch.
Hot Performing Stocks To Buy For 2022: Sundial Growers Inc.(SNDL)
Sundial Growers Inc. engages in production and marketing of cannabis products for the adult-use market in Canada. It produces and distributes inhalable products, such as flower, pre-rolls, and vapes. The company offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands. Sundial Growers Inc. was incorporated in 2006 and is headquartered in Calgary, Canada.
- [By Alex Sirois]
It’s very difficult to ascribe a bullish narrative to Sundial Growers (NASDAQ:SNDL) at this time. While looking through SNDL stock and its latest financial results, I couldn’t find any evidence leading to a logical conclusion other than to avoid it.
- [By Faizan Farooque]
Sundial Growers (NASDAQ:SNDL) stock is a perplexing one to analyze.
Source: Postmodern Studio / Shutterstock.com
The mass-market Canadian marijuana producer has had a wild ride in the last six months, going from an afterthought to the most talked-about cannabis stock out there. But during this time, one question has vexed Sundial bulls.
Hot Performing Stocks To Buy For 2022: ServiceMaster Global Holdings, Inc.(SERV)
The following discussion of our business contains “forward-looking statements,” as discussed in Part II, Item 7 below. Our business, operations and financial condition are subject to various risks as set forth in Part I, Item 1A below. The following information should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations, the Consolidated Financial Statements and related notes and the Risk Factors included elsewhere in this Annual Report on Form 10-K.
ServiceMaster Global Holdings, Inc. and its majority-owned subsidiary partnerships, limited liability companies and corporations (collectively, “ServiceMaster,” the “Company,” “we,” “us” and “our”) is a leading provider of essential residential and commercial services, operating through an extensive service network of more than 8,000 company颅owned locations and franchise and license agreements. Advisors’ Opinion:
- [By Rich Smith]
ServiceMaster (NYSE:SERV) stock is up a good 15.1% as of 11:35 a.m. EST after the company reported earnings below estimates for fiscal fourth-quarter 2018 but surpassed expectations for revenue.
- [By Stephan Byrd]
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Hot Performing Stocks To Buy For 2022: M.D.C. Holdings, Inc.(MDC)
M.D.C. Holdings, Inc., through its subsidiaries, engages in homebuilding and financial services businesses in the United States. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name. The company conducts its homebuilding operations in Arizona, California, Nevada, Washington, Colorado, Utah, Virginia, Florida, Maryland, Pennsylvania, and New Jersey. Its financial services operations consist of originating mortgage loans primarily for homebuyers; providing insurance coverage primarily to its homebuilding subsidiaries, subcontractors for homes sold by its homebuilding subsidiaries, and for work performed in completed subdivisions; acting as a re-insurer on the claims; selling third-party personal property and casualty insurance products to homebuyers; and offering title agency services to homebuilding subsidiaries and customers. The company was founded in 1972 and is based in Denver, Colorado.