Tag: pattern
How Tracee Ellis Ross Filled a Gap in the Beauty Market With Pattern
As an entrepreneur, Tracee Ellis Ross would seem to have some clear advantages: She's an award-winning actor, producer, and activist–and the daughter of Diana Ross. Yet her first steps into starting her own business brought her the same frustration and rage that so many founders–especially female founders–know all too well. A few years ago, Ross brought the idea for Pattern, a hair care line for curly, coily, and tight-textured hair, to her contact at her talent agency. "She made me cry," recalls Ross. "She was like, 'Why would anyone want hair products from you? You're an actor.' " Like many entrepreneurs, Ross was motivated by her own experience: She knew, from years of trying to mold her hair to society's idea of beauty–and damaging it in the process–that her product didn't exist yet. And she knew she wasn't the only one who needed something better.
"I look at the market and know where the actual gaps in the industry are," says Ross. "If you want to do almost the same thing as another company, figure out what would make you unique. How do you differentiate yourself?" Ross had been picking and choosing various products from multiple brands, trying to find what combined best for her particular hair pattern. But she never felt those products worked together well. With Pattern, she would aim to provide everything in one line.
Pattern, which is sold at Ulta Beauty across the U.S., is for anyone with coily, tight-textured hair. But Ross is clear that her company is centered on a celebration of Black beauty, which she believes is all too rare. "If our hair could talk, it would tell you of our legacies," she says, "all those ways our identity pushed through spaces where it wasn't meant to be, but is nonetheless."
Eton Pharmaceuticals Sees Hammer Chart Pattern: Time to Buy?
Eton Pharmaceuticals, Inc. ETON has been struggling lately, but the selling pressure may be coming to an end soon. That is because ETON recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
What is a Hammer Chart Pattern?
A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.
Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 2 estimates have gone higher, compared to none lower, while the consensus estimate has also moved in the right direction.
Estimates have actually risen so much that the stock now has a Zacks Rank #2 (Buy) suggesting this relatively unloved stock could be due for a breakout soon. This will be especially true if ETON stock can build momentum from here and find a way to continue higher of off this encouraging trading development. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
The S&P 500 could surge 7% based on this bullish technical analysis pattern, BofA says
October 8, 2020 [email protected]_84
Traders work on the floor of the NYSE in New York Reuters
A bullish technical analysis pattern suggests that the S&P 500 could jump 7%, Bank of America said in a note on Wednesday.
The inverted head and shoulders, a bullish continuation pattern, formed in the S&P 500 during the September selloff.
If the S&P 500 manages to decisively break above neckline resistance of 3,430, a measured move price target of 3,640 would be in play, according to the bank.
Visit Business Insider's homepage for more stories.
The S&P 500 is set to surge 7% from Wednesday's end of trading if the index can manage to decisively close above the 3,430 level.
Load Error
That's according to Bank of America, who observed in a note on Wednesday that an inverse head and shoulders pattern has formed in the index.
The inverse head and shoulders is considered a bullish continuation pattern in technical analysis and is a mirror image of the bearish head and shoulders pattern.
The inverse pattern is made up of a series of three selloffs that typically occur during a period of market consolidation.
The pattern depicts an initial selloff, followed by a short-lived rally, followed by an even deeper selloff, followed by a short-lived rally, followed by one last selloff that finds a bottom near the same level of the first selloff.
The first and last selloffs represent the "left" and "right shoulder," respectively, while the second (and deeper) selloff represents the "head" of the inverse head and shoulder pattern.
Read More: A $2.5 billion investment chief highlights the stock-market sectors poised to benefit the most if stimulus is passed after the election – and says Trump ending negotiations doesn't threaten the economic recovery
© FreeStockCharts.com
An example of an inverse head and shoulders pattern