Category: Daily Stock Report

Chemical producer DuPont de Nemours (DD) has returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since June of 2018 after climbing 15 spots yesterday and 147 spots in the last month. After spending the summer consolidating after an initial recovery rally, the shares snapped a downtrend line and broke out over $60.00 to signal the start of a new advance. The shares haven’t looked back since then, advancing on $80.00 with recent gains coming on a jump in volumes indicating strengthening accumulation and increased investor interest.

Bank of America (BAC) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since last March after climbing 2 spots yesterday and 54 spots in the last month. Back in November, price snapped out of a down trend with a breakaway gap. The start of a new uptrend was then confirmed in December when the shares completed a bullish Ascending Triangle base with a breakout over $29.00.

After jumping 14 spots yesterday, JPMorgan Chase (JPM) has returned to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since last March. Back in November price gapped up through $105.00 on a spike in volume completing a bullish Ascending Triangle base and signaling the start of a new advance.

Cenovus Energy (CVE.TO) continues to climb within the Green Favored Zone of the SIA S&P/TSX 60 Index Report, rising another spot yesterday to 8th place. A major breakout is underway as shares cleared $8.00 for the first time since last March, completing a bullish Ascending Triangle and Cup with Handle technical patterns.

Silvercrest Metals (SIL.TO) has returned to the Green Favored Zone of its SIA S&P/TSX Composite Index Report for the first time since August after moving up 17 spots yesterday. The shares have climbed 159 places in the last month, driving up out of the red zone. A breakaway gap to a new all-time high has ended six months of consolidation in the $11.00 to $14.50 range with an exclamation mark, signaling the start of a new advance.

Investment bank Goldman Sachs (GS) capped off 2020 by returning to the Green Favored Zone of the SIA S&P 100 Index Report for the first time since April of 2017. On Thursday it moved up 3 spots to 26th place and it has climbed 39 places in the last month.

Back in November, flooring producer Mohawk Industries (MHK) staged a major breakout, snapping out of a long-term downtrend and completing a bullish Ascending Triangle base with a breakout over $120.00. Shares have been holding steady in the Green Favored Zone of the SIA S&P 500 Index Report, yesterday advancing up 7 spots to 56th place.

Steel distributor Russell Metals (RUS.TO) has been trending upward in the SIA S&P/TSX Composite Index Report since May when a long-term downtrend bottomed out. Yesterday, RUS.TO returned to the Green Favored Zone for the first time since June of 2018 after climbing 3 spots in one day and 12 spots over the last month.

Building on its recent return to the Green Favored Zone in the SIA S&P 100 Index Report, Apple (AAPL) climbed another 5 spots yesterday to 16th place. AAPL has moved up 26 spots in the last month.

Auto parts producer Magna International (MG.TO) jumped 8.5% yesterday on the news that it has entered into a deal with LG Electronics to develop electric drive train technology. On this news, the shares rose 12 spots within the Green Favored Zone of the SIA S&P/TSX Composite Index Report to 21st, place, and remained in 3rd place in the SIA S&P/TSX 60 Index Report.