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Earnings season may feel like it’s winding down, but there are still several S&P 500 stocks reporting this week into Friday, March 20th. These are recognizable names across sectors, and they can still create substantial trading opportunities.
🔍 Highlights
1️⃣ Micron (MU)
Micron remains part of the semiconductor space tied to the ongoing AI story. On the weekly chart, the long-term uptrend has been supported by RSI Power Zones, helping you stay with the uptrend until it was actually time for a pause.
On the daily chart, after a few weeks of consolidation, there is now an attempt to break higher. With earnings on March 18th after the close, it may make sense to look for a slight pullback before adding to positions.
As long as Micron stays above the March 9th low, the overall bullish structure remains intact. I walk through how I’m viewing this setup on the chart in the video.
2️⃣ FedEx (FDX)
FedEx rallied into late February and is now pulling back. What stands out here is the move from the Bull Resistance Power Zone back into the Bull Support Power Zone.
The correction lower doesn’t appear complete yet. A move back above the March 10th high would be a strong sign that the uptrend is resuming.
If the pullback continues and breaks below the March 9th low, there’s potential for a deeper move lower. Earnings are scheduled for March 19th, which may help drive the next move.
3️⃣ Lululemon (LULU)
Lululemon has been showing continued weakness. On the weekly chart, the broader move lower from early 2025 is still in play.
More recently, even attempts to move higher have struggled, with RSI Power Zones staying below the Bear Resistance Power Zone. That’s often a sign of a market that isn’t regaining strength.
This isn’t a chart that’s setting up for a long position right now. At a minimum, I’d want to see a move above the February 20th high before reconsidering.
4️⃣ Accenture (ACN)
Accenture is another stock that has been pushed lower and is now attempting to stabilize. On the daily chart, there is a defined resistance zone between the February 20th high and the March 6th high.
These levels are shaping the current price action. A move above the March 6th high would open the door for further recovery, potentially toward the 260.00 area.
If price remains below that zone, another round of weakness is possible.
5️⃣ Darden Restaurants (DRI)
Darden is showing a different type of setup. The move off the March 9th low is aligning with RSI Power Zones in a way that allows for a calculated upside target.
Using price and momentum together, there is a projected target near 220.00. This isn’t simply a prior price level — it’s derived from how price and momentum are working together.
That level sits close to a previous high, which adds context. From there, the next upside area comes into play on the weekly chart. I explain how this type of target is calculated in the video.
From staying with an uptrend to recognizing when a stock is too weak to buy yet, momentum analysis is as applicable to later earnings releases as earlier ones.
If this helped you think through earnings, trends, or trade management, go ahead and hit the Like button over on YouTube.
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