Today I wanted to find 5 Mid Cap Stocks that might be of interest to Momentum Investors so I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent number of new highs in the past month, then again for technical buy signals of 80% or more. Today’s Watch List includes: Align Technology (ALGN), Teleflex (TFX), Maximus (MMS), Black Hills (BKH) and Great Plains Energy (GXP). Align Technology Barchart technical indicators: 88% technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 15 new highs and up 9.47% in the last month Relative Strength Index 62.75% Technical ...
Thor Industries, Inc. (NYSE:THO) posted market-beats fiscal second quarter profit and revenue, as sales of its RVs continued to soar amid strong demand from younger families....
Blow-Off Pattern Recognition As noted in Part 1, historically, blow-patterns in stock markets share many characteristics. One of them is a shifting monetary backdrop, which becomes more hostile just as prices begin to rise at an accelerated pace, the other is the psychological backdrop to the move, which entails growing pressure on the remaining skeptics and helps investors to rationalize their exposure to overvalued markets. In addition to this, the chart patterns of stock indexes before and after blow-off moves are displaying noteworthy similarities as well. “On Margin” – a late 1929 cartoon illustrating the widespread obsession with...
Lots of folks got bit by a bear fang on Sunday. With good reasons. The Fed has yet to confirm or deny an interest rate rise. Unsettling White House tweet storms dominated the news. Rising geopolitical tensions in East Asia after North Korea fired four ballistic missiles weighed on stocks. Nevertheless, most of the market brushed off the bad news bear fang. Beginning the session with a gap down, the S&P 500 went from a classic bullish runaway gap to a potential scary island top. However, the island top did not pan out. Although a small index with a basket of 30 blue chip stocks, the Dow Jones held on to its runaway gap. Nasdaq 100 respecte...
The trend for inflation-sensitive stocks may be weakening. Monday – Sector Strength What is this spreadsheet telling us? Last week, small caps were in the lead, but now the large caps are leading in relative strength. It could be an indication that the medium-term trend that started Nov08 is beginning to weaken. Also, notice that all the major indexes are skewed far right. That is generally a sign of a very strong trend, but it is also an indication that, based risk-reward, this is not the best time to be making purchases. The top sectors are financials, technology and industrials. The stocks in these groups benefit from economic growth...
Camera company Snap Inc (NASDAQ:SNAP) drove the market into a frenzy with its initial public offering (IPO) on 2 March, which was the biggest since Alibaba (BABA) went public on the New York Stock Exchange back in 2014. Snapchat, which is famous for its disappearing message app, sold over 200 million shares in its IPO raising $3.4 billion- and gave the green light to other tech companies considering a public offering. But perhaps the real story is that SNAP stock in is now up by more than 50% giving the company a market cap of over $30 billion. As a comparison, this already surpasses the market cap of established companies like American Airli...
Audio Length: 00:39:21 I chatted with Mahdi Kazemzadeh who was recently introduced to me by a mutual friend. Mahdi is the founder and managing director of Afraz Advisers, a firm providing analytical tools and data services on the Iranian oil and gas industry. Their clients are international companies navigating the Iranian oil and gas industry as well as institutional and private investment funds. I wanted to talk with Mahdi for a number of reasons, chief among them getting a better understanding of things from the perspective of a Western educated entrepreneur working on the ground in Iran. Why Iran? Unless it turns into ground zero for ...
Written by StockNews.com Casey’s General Stores Inc. (Nasdaq: CASY) late Monday [Mar 6, 2017 | 4:09pm] posted much worse than expected fiscal third quarter earnings results, as both profit and revenue badly missed expectations....
Dear President Trump, As your former neighbor in zip code 10022, I have a suggestion for improving the performance and credibility of your administration. Please consider becoming Shomer Shabbat, Sabbath-observant, like your daughter Ivanka and son-in-law Jared Kushner. That would entail not writing or signing anything during the period between sundown on Friday night and the appearance of three stars on Saturday night. The reason for my suggestion is that when the Kushners are observing the Sabbath and are not available to advise you to offset some of the other elements of your team, you make bad moves. The first time was when you attem...