Hewlett Packard Enterprise’s (HPE) acquisition of fellow S&P 500 element Juniper Networks (JNPR) will open a spot within the benchmark index. Buyers could also be betting on Robinhood Markets (HOOD) to fill it.

Shares of Robinhood shares soared to an all-time excessive Wednesday, hitting the $100 mark for the primary time and shutting up some 6% to about $98.

The inventory is up greater than 35% prior to now month, when S&P World made no changes to the celebrated index whilst many predicted that Robinhood was a probable addition. Different elements, together with the launch earlier this week of stock and ETF tokens for some customers, have additionally lifted the shares currently.

HPE introduced the closing of the Juniper acquisition earlier as we speak, a transfer that adopted the Justice Division’s latest announcement permitting the deal to proceed.

S&P Dow Jones Indices via a spokesperson declined to touch upon potential adjustments to the index.

Centene (CNC) shares plummeted on Wednesday after the managed care large withdrew its full-year outlook after receiving new information about enrolments and rising member well being prices.

The corporate, which focuses on Medicaid and Affordable Care Act insurance coverage, mentioned studies from the vast majority of its marketplaces revealed that progress slowed greater than anticipated and affected person sickness was considerably greater than it had beforehand anticipated. In consequence, it expects decrease federal reimbursements and elevated prices, which it says will influence 2025 outcomes by about $1.8 billion, or $2.75 in adjusted earnings per share.

Centene shares dropped 40% on Wednesday to $33.78, the bottom closing stage since early 2017. The inventory has misplaced round two-thirds of its worth since setting a file excessive in August 2022. Because the begin of 2025, Centene shares have dropped 44% as the corporate and its trade friends grapple with rising medical prices and declining enrollments.

Under, we take a more in-depth take a look at Centene’s monthly chart and use technical analysis to level out long-term value ranges value watching out for.

Drop Under 200-Month Transferring Common

Since setting their all-time high in August 2022, Centene shares have remained in a gradual downtrend. Losses have accelerated in early July, which has seen the value plunge beneath the intently watched 200-month transferring common and the relative strength index fall into oversold territory. 

Importantly, the sharp transfer decrease has occurred on above average-volume, indicating promoting conviction from bigger market contributors.

Let’s determine main support and resistance ranges on Centene’s chart that buyers will probably be watching.

Main Help Ranges to Watch

Additional weakening momentum this month may see the shares take a look at help round $27. This space could entice shopping for curiosity close to the decrease vary of a interval of sideways drift that shaped on the chart between October 2015 and December 2016.

A decisive breakdown beneath this stage could set off a extra vital sell-off to $17. Buyers may search for discounted shopping for alternatives on this area close to the highest an ascending triangle that developed on the chart over a seven-month interval between October 2013 and April 2014.

Essential Resistance Ranges to Monitor

Throughout restoration efforts within the inventory, buyers ought to initially monitor the $42 stage. The value could run into overhead resistance on this location close to the July 2015 peak and September 2019 trough, each of which at present sit in shut proximity to the upward sloping 200-month MA.

Lastly, shopping for above this stage may propel a transfer towards $74. Buyers who’ve purchased Centene shares at decrease costs could look to lock in profits on this space close to an important trendline that connects a sequence of corresponding buying and selling ranges on the chart from August 2018 all the way in which to October final 12 months.

The feedback, opinions, and analyses expressed on Investopedia are for informational functions solely. Learn our warranty and liability disclaimer for more information.

As of the date this text was written, the creator doesn’t personal any of the above securities.

Tesla (TSLA) shares moved again into excessive gear on Wednesday.

The inventory rose 5% to round $316 after the EV maker launched data on deliveries in the second quarter, which confirmed a pointy decline in gross sales from a 12 months in the past however had been largely in step with analysts’ expectations.

The acquire offset a decline of about 5% on Tuesday, when a feud between CEO Elon Musk and President Donald Trump flared up again. Musk criticized the huge tax and spending invoice that GOP legislators goal to approve this week, which led Trump to warn that Musk’s companies have benefitted excessively from authorities subsidy.

Tesla shares rallied 23% within the second quarter, boosted by Musk’s choice to depart his function as head of the Division of Authorities Effectivity to spend more time at the automaker. Nevertheless, the inventory has misplaced 22% of its worth because the begin of the 12 months, weighed down by declining EV gross sales and considerations that Musk’s political involvement has caused damage to the Tesla brand.

Under, we take a better have a look at Tesla’s chart and use technical analysis to determine value ranges value watching out for.

Potential Bear Lure Emerges

Tesla shares broke down from a bearish flag sample and closed beneath key shifting averages on Tuesday earlier than recovering a lot of the transfer Wednesday, laying the groundwork for a possible bear trap, a buying and selling occasion that lures traders to promote upon a breach of main support earlier than the worth makes a sudden transfer greater.

It is also value stating that the 50-day moving average (MA) crossed above the 200-day MA earlier this week to generate a bullish golden cross, a chart sample that indicators greater costs.

Let’s determine essential assist and resistance ranges on Tesla’s chart that traders will seemingly be watching.

Essential Help Ranges to Watch

The primary assist degree to look at sits round $285. This space might entice shopping for curiosity close to the underside of the flag sample that sits on a trendline connecting a variety of corresponding buying and selling exercise on the chart that extends again to final November’s election-driven stock gap.

Tesla bulls’ failure to efficiently defend this essential technical degree opens the door for a bigger drop to $225. Traders may search buy-and-hold alternatives on this location close to a number of distinguished troughs that fashioned on the chart between early March and late April, which additionally carefully align with a minor peak final August.

Key Resistance Ranges to Monitor

A convincing shut above the important thing shifting averages may see the shares climb towards overhead resistance round $365. The worth might encounter promoting strain on this location close to a sequence of peaks that developed on the automaker’s chart between November and Might.

Lastly, additional shopping for may drive a rally in Tesla shares to $430. Traders might search profit-taking alternatives on this area close to the mid-January countertrend excessive and the low of a minor retracement that fashioned shortly after the inventory hit its record high in mid-December.

The feedback, opinions, and analyses expressed on Investopedia are for informational functions solely. Learn our warranty and liability disclaimer for more information.

As of the date this text was written, the creator doesn’t personal any of the above securities.