Momentum Wrap – Visa Makes New All-Time Highs

on March 25 | in Daily Update | by

new highs March 25

New highs

38 new all-time highs among stocks that gained 1% or more: MNTX NXST GV HGSH HIIQ GMK PBYI OILT LL BRS ECHO

94 new 52-week highs among stocks that appreciated 1%+ today. Some of the notable movers include:

  • Cash might be king in Cyprus, but America still runs on plastic. Visa made new all-time high in a heavy tape. It has been increasingly strong ever since rumors about buying Visa Europe resurfaced in the media. ($V)
  • Oil & Gas equipment and svs stocks attempted to breakout in the morning, but the general market weakness pulled them back. They’re still working on their bases: $OII $TTI $FTI
  • Trucking and logistics stocks continue to hover near multi-year highs: $EHCO $CGI
  • Other notable breakouts: $LL (home improvement stores), $NXST (broadcasting), $MNTX (diversified machinery), $MPEL (casino)

StockTwits 50 Highlights

  • Neutral day for the list. $QIHU, $CSII and $V stood out in terms of relative strength.
  • $FEIC gained 1% and closed just below all-time highs. $65 is a potential pivot. $TYL, $RUTH and $OPEN are also looking decent.

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