[Video] GNRC Reverts to LT Trend, S&P 500 Clings Onto Its Highs
Matt Simpson June 9, 2021 4:45 AM
Generac Holdings (GNRC) was a top performer on the S&P500 following an upgrade for Q2 from KeyBank.
With prices having broken out of a multi-week correction and gapping higher, we suspect there could be further upside to come. Meanwhile, the S&P 500 has failed to break to new highs yet bears remain side-lined. We also update our analysis on Disney (DIS).
S&P 500: Market Internals
S&P 500: 4227.26 (0.02%), 08 June 2021
- Consumer Discretionary (0.96%) was the strongest sector and Utilities (-0.9%) was the weakest
- 6 out of the 11 S&P 500 sectors closed higher
- 6 out of the 11 sectors outperformed the S&P 500
- 5 out of the 11 sectors traded lower on the S&P 500
- 288 (57.03%) stocks advanced and 215 (42.57%) declined
- 89.9% of stocks closed above their 200-day average
- 66.14% of stocks closed above their 50-day average
- 62.57% of stocks closed above their 20-day average
- + 6.32% - Generac Holdings Inc (GNRC.N)
- + 4.46% - NRG Energy Inc (NRG.N)
- + 3.78% - News Corp (NWS.OQ)
- -7.99% - Organon & Co (OGN.N)
- -4.18% - Micron Technology Inc (MU.OQ)
- -3.93% - CMS Energy Corp (CMS.N)
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