Inventory scanning, tracking and management technology producer Zebra Technologies (ZBRA) continues to climb within the Green Favored Zone of the SIA S&P 500 Index Report, bouncing back from a dip into the yellow zone. Yesterday the shares climbed 28 spots to 75th place and they have moved up 65 places in the last month.
Participating in a solar stock surge, Enphase Energy (ENPH) has returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since March. A 7.4% gain yesterday propelled the shares up 95 spots to 52nd place. In the last month, the shares have climbed 281 places, rising up from the bottom of the red zone.
Occidental Petroleum (OXY) continues to steadily march toward the top of the Green Favored Zone of the SIA S&P 500 Index Report. On Friday, the shares finished in 7th place, up 3 spots on the day and up 245 places in the last month.
Toymaker Spin Master (TOY.TO) recently embarked on a new upswing within the Green Favored Zone of the SIA S&P/TSX Composite Index Report. Yesterday it finished in 17th place, up 10 spots on the day. Since we last mentioned Spin Master in the March 3rd issue of the Daily Stock Report, the shares are up $36.01.
Paypal Holdings (PYPL) has returned to the Green Favored Zone in the SIA S&P 100 Index Report for the first time since March, having rallied back up out of the red zone in recent days. Yesterday PYPL finished in 23rd place, up 4 spots on the day and up 31 places in the last month. Recently, the shares broke out of this range to the upside on volume, completing a bullish Ascending Triangle.
Concert promoter Live Nation (LYV) recently returned to the Green Favored Zone of the SIA S&P 500 Index Report and continues to rise up the rankings. Yesterday it finished in 77th spot, up 30 places on the day and up 137 places in the last month.
Like many stocks, Dream Office REIT (D.UN.TO) fell off a cliff when stock markets crashed in early 2020. Dream then spent 15 months building a base for recovery. Recent trading suggests that accumulation has finally resumed. Earlier this month, the units broke out over $22.50 completing a bullish Ascending Triangle pattern and signaling the start of a new uptrend.
Generac Holdings (GNRC), a producer of household backup power generators, joined the SIA S&P 500 Index Report back in March. Recently, the shares broke out of the $285 to $365 area where they had been consolidating since February, signaling that resistance has been overcome and a new advance has commenced.
A significant breakout is underway in Lightspeed POS (LSPD.TO) shares. For the last three months, the shares have been trending sideways between $67.00 and $93.50, digesting gains made in a previous rally. Yesterday, the shares broke out over $93.50 completing a bullish Ascending Triangle pattern and signaling the start of a new advance.
A significant breakout is underway in Shopify (SHOP.TO) shares. Last month, a downswing in the shares was contained by an underlying longer-term uptrend support line. Since then, the shares have been recovering and this week they cleared $1,600 on an uptick in volume, indicating renewed accumulation and confirming the start of a new upswing.
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