Wednesday, November 25, 2020

🌞 This Industrial Company is on the Rise

Good morning. Stocks decided that positive vaccine news is more important than the economic..
I hope you had a great weekend. It's great to see people out and about, masked or not. I happen to live where things are opening up more quickly, and I have to tell you, it's a relief.
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Wednesday, November 25, 2020

Stocks decided that positive vaccine news is more important than the economic restrictions occurring given the rising numbers of Covid-19 cases. In a typical year, the period from Thanksgiving to New Year's is one of the best times to be in the market. Stocks tend to head higher on light volume amidst holiday cheer.

It would be foolish to think that this year would follow that trend perfectly. But given that we just had a bear market in March, the odds of another massive pullback are unlikely. Tread lightly this holiday season, and look to the latest lockdown news as a clue for the market's next big swing. But so far, we're on track for a traditional year-end holiday rally.
Actionable Trade Ideas For Today:


1
Unusual Pattern of the Day: Flowserve Corp (FLS)

Specialty machinery company Flowserve Corp (FLS) has started to see shares rally in recent sessions. While shares aren't overbought yet, a longer-term pattern suggests the current uptrend will continue.
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3
Overbought Stock of the Day: Royal Bank of Canada (RY)

Bank shares have been trending higher in recent weeks, and it's no surprise that many are starting to look overbought. Traders can even see this this playing out with international names, such as that of Royal Bank of Canada (RY).
4
Oversold Stock of the Day: Aptus Defined Risk ETF (DRSK)

Shares of the Aptus Defined Risk ETF (DRSK) are one of the few companies currently at oversold levels in today's market. However, while many oversold companies are struggling, the ETF has seen oversold conditions thanks to an event that makes it a fund worth buying now.
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