Momentum Wrap – Window Dressing Kicks In

on March 26 | in Daily Update | by

new highs March 26

New Highs

84 new all-time highs among stocks that gained 1% or more: AXDX HGSH GPOR AMBA BXE WOR ANGI DLPHI ADUS

181 stocks reached new all-time highs while gaining 1%+ today. Some of the notable movers include:

  • Window dressing must be kicking in, because many of the Q1 leaders have started to break out – outsourcing and staffing agencies ($TMH, $RHI), regional banks ($IBCP), movie theaters ($LGF) etc.
  • Oil, Oil, Oil – some big moves in the sector: $GPOR $BXE…Oil & gas equipment and svs stocks $FTI $TTI $OII followed up on their breakouts from yesterday
  • Restaurant stocks continue to exhibit relative strength with $SONC and $TXRH clearing new highs
  • Other notable breakouts: $ALKS (drug delivery), $WOR (metal fabrication), $ACOR (biotech), $STE (medical appliances)

StockTwits 50 Highlights

  • A lot of green on the list today. $CRAY and $V cleared new multi-year highs
  • 3D-printing play $PRLB gained 4% and it is already above its 20dma
  • $GWRE bounced from its rising 20dma and it is back near all-time highs
  • $OPEN attempted a breakout in the morning, but gave back most of it in the second half of the day

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