Russell 2000 Testing Critical Price Support After Rare 100-Week Decline

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Russell 2000 Testing Critical Price Support After Rare 100-Week Decline
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Stocks Analysis by Chris Kimble covering: iShares Russell 2000 ETF, iShares Russell 2000 ETF BDR. Read Chris Kimble's latest article on Investing.com

Above we look at a long-term “weekly” chart to highlight some important technical developments that active investors should keep an eye on right here, right now.

After a rare 25% decline, the small-cap Russell 2000 ETF is testing support at . We can see that this area was prior resistance so it holds even more significance.Seems to me that this is an important moment in time for small-cap stocks . Stay tuned. Airbnb enjoyed a post-IPO surge but faced a downturn due to COVID-19 Upcoming Q3 results are crucial for the company after a recent stock decline Analysts have optimistic forecasts...PayPal's stock has been in a two-year downtrend due to fierce competition and falling profits The new CEO, Alex Chriss, is expected to focus on SMBs and in-store payments to try...

The US stock market continues to post a moderate gain year to date, in large part due to strong sector performances in the communications services and technology sectors. Both...We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.

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