Chart of the Day: SNOW "Storming" Higher

Schwab Network

Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

1d ago 4:07

MP3•Episode home

Morgan Stanley initiated an overweight rating on Snowflake (SNOW) as shares look to make new 52-week highs. Ben Watson examines the chart patterns taking place in the tech name. On a 5-day chart, he points to $210 for downside support but shows Tuesday's premarket move higher with thin volume. For the 1-year timeframe, Ben indicates that $193 was a longer-term of support but shows that its RSI momentum study is still in overbought territory.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

5547 episodes

#Trading #Business #Schwab Network