US Stocks rises on Monday

The market moved up Monday, and Nasdaq Combined Composite Index ended at 16349 points, which is an increase of 1.2 percent.

4952 shares were up and 2121 were down, while 313 remained unchanged, and there was no trading in 155 shares.

Total value of the trading volume for shares and primary capital certificates Monday was approximately 514.5 billion.

QUALCOMM was up 1.2 percent to close at 182 dollar. The stock has not closed at a higher price since Feb 2022. It also looks good technically. The stock is trend wise positive in the medium term, has broken up through resistance at 176 dollar and a further increase is indicated.
XBP Europe closed at 3.50 dollar after a gain of 65.1 percent. The stock therby broke above the 3.00 -mark for the first time since Mar 8. This past week the stock has gained as much as 133.3 percent. The volume was also extremely high. At session end it was bought and sold shares for about 195 million dollar in the stock, which equals 57 times mean daily turnover. The stock has support at 2.00 dollar.
Perficient closed at 73.26 dollar after posting a gain of 52.3 percent. The previous time the stock gained this much was Sep 19. 2003, when it closed up 60.9 percent. The volume was also very high. At session end it was bought and sold shares for about 856 million dollar in the stock, which equals 24 times mean daily turnover. It also looks good technically. The stock has marginally broken up through resistance at 72.40 dollar.
Texas Instruments closed up 1.5 percent to 182 dollar. The stock has not closed higher since Jul 2023. Since the buy signal from the rectangle formation six days ago, the stock now has gained 3.4 percent.
Pinterest A was up 2.4 percent to close at 41.38 dollar. We must go back to Nov 2021 to find a higher close for the stock. The stock has by that gained 22.0 percent since the buy signal from the rectangle formation three days ago.

Most traded Monday

NVIDIA34663.30
SPDR S&P 500 ETF24415.53
Tesla15591.94
Apple14276.89
Powershares QQQ13307.52
 


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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.

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