Midcap Segment Sees Mixed Technical Calls, Positive Advance Decline Ratio
The stock market is constantly changing and today, the midcap segment is in the spotlight. In this segment, there are a few stocks that have recently seen a change in their technical call. These stocks include Arrow Electronics, Inc., Casey's General Stores, Inc., Churchill Downs, Inc., Harley-Davidson, Inc., and Essential Utilities, Inc.
Arrow Electronics, Inc. is currently showing a sideways to mildly bullish trend, while Casey's General Stores, Inc. has shifted from bullish to mildly bullish. Churchill Downs, Inc. and Essential Utilities, Inc. are both showing a bullish to mildly bullish trend. Harley-Davidson, Inc. is also experiencing a sideways to mildly bullish trend.
In terms of the overall performance of the midcap segment, there is a positive advance decline ratio. Out of the 609 stocks in this segment, 386 are advancing while 223 are declining, resulting in a ratio of 1.73x. This indicates that the majority of stocks in this segment are on an upward trend.
Among the top performers in this segment is Icahn Enterprises LP, with a return of 7.92%. On the other hand, the worst performer in this segment is New Fortress Energy, Inc. with a return of -7.15%.
Overall, the midcap segment is showing a positive trend with a mix of bullish and sideways movements in various stocks. Investors should keep an eye on these stocks and the overall performance of the segment to make informed decisions in the market.