Stock Market Technical Indicators & Analysis
The fact that so many stocks in the same industry had oversold bounces (OSB) after a recent yearly high suggests to me big buying interest. LEN is one typical example. Note the recent climb above its green line top (GLB). The 24 growth stocks that had this black dot set-up on Monday are listed below.
Short interest rates are rising as bonds decline.
While I do not like cheap stocks, I must say that there may be something to the strength shown in the electric vertical take off and landing (eVTOL) industry. I wrote about JOBY recently and ACHR is another stock in the industry showing some life. Note the volume surges and the nice OSB (oversold bounce) signals, shown by black dots. When you research these companies you will find many large early investors in them, like car companies, the military and airlines.
