Technical Signals Suggest Uptrend Shifts for YETI, Booking Holdings, and MMM
YETI Holdings Inc., Booking Holdings Inc., and MMM are three stocks that have caught the attention of technical analysts. These experts use charts to gauge market sentiment, often identifying trend shifts before they become apparent through fundamental analysis.
The story of YETI is one of a stalled uptrend. The stock had been in an uptrend since April, crossing above its 200-day and 50-day moving averages. However, it has now challenged support at the 50-day moving average after a post-earnings bump.
Despite this, technical indicators suggest that the trend is still intact. The Relative Strength Index (RSI) has refused to dip into bearish territory, and the stock has two catalysts on the horizon: an earnings report on August 13 and a price target boost from Goldman Sachs analyst Brooke Roach.
Booking Holdings Inc. has also seen its fortunes change with the help of technical analysis. The stock had been taking a beating due to fears about AI bots replacing online travel agencies, but it reclaimed the 50-day and 200-day moving averages in July. When the company's Q2 2026 results were released, investors were rewarded for their recognition.
MMM shares have risen from the ashes since bottoming in 2024. The stock price has crossed the $180 mark for the first time since 2018, and technical trends point to another resurgence. A Golden Cross formed at the end of July, cementing a new uptrend with the share price above both moving averages.