20 new all-time highs among stocks that gained 1% or more: TSLA NEO HGSH GNMK CHDN TPN ADUS FANG PRIM VRX …
53 new 52-week highs among stocks that appreciated 1%+ today. Some of the notable movers include:
- Several of the most heavily shorted stocks had a field day, while the rest of the market lagged considerably: $TSLA, $GMCR, $GME, $SODA. Elon Musk revealed that the electric-car maker Tesla Motors Inc expects to report a first-quarter profit on both a net and adjusted basis following stronger-than-expected sales of its Model S sedan.
- After leading in Q1, healthcare stocks continue to shine: hospitals ($CYH $HMA), medical equipment and instruments ($GNMK, $DXCM), drug deliveries ($VRX), healthcare plans ($AET) …
StockTwits 50 Highlights
- Notable risk-off day for equities. Low-float momentum stocks are starting to crater, while the distribution days in the indexes (especially the small cap $IWM), are piling up. It is not the perfect market environment to chase breakouts in late stage bases or open long-term positions. It is more of a “hit-and-run” market, which requires to be especially nimble.