Midcap Stocks Show Strong Performance, New Fortress Energy Leads with 8.80% Return
The midcap segment of the market has been showing strong performance, with New Fortress Energy, Inc. leading the pack with a return of 8.80%. However, not all stocks in this segment have been faring well, with Acadia Healthcare Co., Inc. experiencing a return of -16.36%, making it the worst performer.
Among the midcap stocks, Skyworks Solutions, Inc. has been showing a sideways to mildly bullish trend, while Arrow Electronics, Inc. has been mildly bullish to bullish. Commercial Metals Co. has also been exhibiting a sideways to mildly bullish trend, while Donaldson Co., Inc. has been mildly bullish to bullish.
Recent technical calls have seen changes in the performance of these midcap stocks. The advance decline ratio for this segment stands at 399 stocks advancing and 210 stocks declining, with a ratio of 1.9x. This indicates a positive trend in the market, with more stocks advancing than declining.
Investors should keep an eye on these midcap stocks as they continue to drive the market today. With a mix of bullish and sideways trends, there is potential for growth and opportunities for investors to capitalize on. As always, it is important to conduct thorough research and consult with a financial advisor before making any investment decisions.