Amazon stock is experiencing resistance according to the chart, indicating a potential obstacle in its comeback. Traders are advised to closely monitor the stock’s performance to determine the best course of action. It is crucial to analyze market trends and indicators before making any trading decisions.
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Why Wolfspeed Rocketed 27% Higher (Again) on Monday
Shares of silicon carbide chipmaker Wolfspeed surged 26.9% on Monday, continuing a rally following cautious optimism about recovering end markets as earnings season begins, despite no specific news before their May 8 earnings report. With a high short interest of 41%, many short sellers may have closed positions, contributing to a "short squeeze." However, despite recent gains, Wolfspeed remains heavily indebted, faces uncertainty with a new CEO starting May 1, and is at risk of...
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