The market moved up Friday, and Nasdaq Combined Composite Index ended at 16156 points, which is an increase of 2.0 percent. The week as a whole showed a gain of 1.4 percent. 5006 shares were up and 2096 were down, while 268 remained unchanged, and there was no trading in 168 shares. Total value of the trading volume for shares and primary capital certificates Friday was approximately 599.1 billion. | |
Apple rose sharply to close at 183 dollar, up 6.0 percent. We must go back to Nov 10. 2022 to find an equally strong rise. That time the stock gained 8.9 percent. It also looks good technically. The stock is trend wise negative in the medium term, but has broken up through resistance at 181 dollar.
SG Blocks rose sharply to close at 5.54 dollar, up 89.1 percent. We must go back to Mar 31. 2020 to find an equally strong rise. That time the stock gained 351.5 percent. The volume was also extremely high. At session end it was bought and sold shares for about 511 million dollar in the stock, which equals 84 times mean daily turnover. The stock is trend wise negative in the medium term and has resistance at 7.00 dollar.
Starbucks developed negatively and fell 2.4 percent to a close of 73.11 dollar. We must go back to Jun 2022 to find a lower close for the stock. This past week the stock has lost as much as 17.2 percent. Nor does it look good technically. The stock is trend wise negative in the medium term, has resistance at 92.00 dollar and a further decline is indicated.
Amgen closed at 311 dollar after a solid gain of 11.8 percent. The stock has never gained more in one day since Jul 8. 2009, when it was up 13.9 percent. The volume was also high. At session end it was bought and sold shares for about 3002 million dollar in the stock, which equals four times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Procter & Gamble developed positively, and gained 0.4 percent to a close of 164 dollar. The stock thereby broke the previous record from Jan 2022 and set a new all time high. The stock has now risen for the fifth day in a row. It also looks good technically. The stock is trend wise positive in the medium term, has broken up through resistance at 163 dollar and a further increase is indicated.
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Yield10 Bioscience | 2343.28% |
Aeterna Zentaris | 288.06% |
Beneficient A | 255.21% |
SG Blocks | 89.08% |
Nft | 51.25% |
Aeon Biopharma | -49.40% |
Sprout Social | -40.15% |
Stem A | -28.80% |
Uniti Group | -26.37% |
Owens & Minor | -25.70% |
SPDR S&P 500 ETF | 37199.78 |
NVIDIA | 35368.27 |
Apple | 29932.04 |
Powershares QQQ | 21127.42 |
Tesla | 13678.31 |
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.