A base-on-base pattern is partly defined by the previous pattern. Chipmaker Qorvo (QRVO) cleared a 72.52 buy point in a base-on-base pattern during Tuesday's session, closing at 74.84. Notice how the low in the current pattern stopped just above the high of the previous base. Qorvo broke out of the previous base Feb. 1, popping above a 64.90 buy point. One characteristic of the current stock market is the number of stocks forming shallow consolidations.
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Cyber Security Stocks GainSoftware security stocks moved higher following a cyber attack on Friday that affected at least 200,000 computers across the world, as per EU law enforcement agency Europol estimates. Meanwhile, software security stocks advanced following a cyber attack on Friday dubbed as "WannaCry." The gain in the cyber security stocks had a positive impact on the overall technology sector. Cybersecurity stocks gained on expectations that attacks were likely to continue into the current week. Consequently, WTI crude prices gained by $1.01, or 2.1%, to $48.85 a barrel.
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Tavis Harris, Sidtraveous Hampton and DeWayne Thomas earn Stock Market Game regional title
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Cyber Security Stocks GainSoftware security stocks moved higher following a cyber attack on Friday that affected at least 200,000 computers across the world, as per EU law enforcement agency Europol estimates. Meanwhile, software security stocks advanced following a cyber attack on Friday dubbed as "WannaCry." The gain in the cyber security stocks had a positive impact on the overall technology sector. Cybersecurity stocks gained on expectations that attacks were likely to continue into the current week. Consequently, WTI crude prices gained by $1.01, or 2.1%, to $48.85 a barrel.
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collected by :Jack Luxor
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