Stock Market Technical Indicators & Analysis
I think the bottom is in and the market has begun a new up-trend. I am slowly reinvesting my pension money that I took out in November, 2021. All of these stocks reached an ATH on Wednesday and are up at least 1.8 x their yearly lows, see last column. Note their next earnings release dates.
These 24 stocks hit an ATH (all time high) on Tuesday. (5 of the 29 were deleted by my criteria.) The last column sorts them by the current price divided by the lowest price during the past year. Some of the best traders only like to trade stocks that have already doubled. Four of these stocks have. XPOF is 2.5 times its low. See its monthly chart below. Be sure to note the next earnings date and to research any stock before purchasing.
TITN has an IBD comp rating=99 an EPS rating= 99, and RS= 96. On November 30 when it released earnings up +91% it had a gap up on huge volume in a GLB. It then retested the green line and broke above its 9 week base to an ATH on above average trading volume on Monday. See daily, weekly and monthly charts. Watch to see if it falls back into the base or goes on to another ATH. It is expected to have earnings +64% in 2023, according to MarketSmith.
