Closing Technical Market Analysis for Mon May 15th 2017
The stock market indices had an interesting, bullish day today. The day started out with a pop to the upside, they rallied to new all-times highs on the Nasdaq 100 to 5607, and tied the highs on the S&P 500 at 2404. They then pulled back, consolidated, and at the end of the day they came on again, all three indices closing in the positive column.
Net on the day, the Dow was up 85.33 at 20,981.94. The S&P 500 was up 11.42 at 2402.32. The Nasdaq 100 was up 17.67 at 5704.48.
Advance-declines were 2 to 1 positive on the New York Stock Exchange, and 2 to 1 positive on the Nasdaq. Up/down volume was 2 to 1 positive on New York, total volume of 3.1 billion shares traded. The Nasdaq traded 2 billion shares and had a 2 to 1 positive volume ratio.
TheTechTrader.com board was mostly green. Priceline.com (PCLN) was down 4.37 to 1813.81, Apple Inc. (AAPL) down 40 cents to 155.70, Amazon.com, Inc. (AMZN) down 3.38 to 957.97, and down Netflix, Inc. (NFLX) 79 cents to 160.02, but Alphabet Inc. (GOOG) was up 4.86 to 937.08,
Baidu, Inc. (BIDU) fell 69 cents to 186.14, First Solar, Inc. (FSLR) gained 83 cents to 37.21, and Facebook, Inc. (FB) gave back 14 cents to 150.19.
Tesla Motors, Inc. (TSLA) dropped 8.93 to 315.88.
To the upside, NVIDIA Corporation (NVDA) closed just a dime off its high, up 6.42 to l134.31, Qorvo, Inc. (QRVO) up 3.74 to 71.54, Mimecast Limited (MIME) 2.58 to 26.87, bluebird bio, Inc. (BLUE) 1.05 to 88.55, and Carbonite, Inc. (CARB) 1.10 to 19.85.
On the downside, Exact Sciences Corporation (EXAS) lost 1.34 to 32.43 on a negative article.
Semiconductors had a good day today. The VanEck Vectors Semiconductor ETF (SMH) ran 92 cents to 83.77, and Applied Materials, Inc. (AMAT) gained 88 cents to 44.32.
Checking TheTechTrader.com percent-gain leaderboard, ImmunoGen, Inc. (IMGN) popped 46 cents, or 11%, to 4.56, on 5.4 million shares traded. NantKwest (NK) advanced 62 cents, or 16%, to 4.60, on 2.2 million shares traded. CYREN Ltd. (CYRN) closed up 30 cents, or 15%, to 2.30, on 1.9 million shares traded. Interpace Diagnostics Group, Inc. (IDXG) whacked 34 cents, or 14%, to 2.73, on 6.9 million shares traded. Ignyta, Inc. (RXDX) surged 85 cents, or 13%, to 7.50, on 1.4 million shares traded.
SORL Auto Parts, Inc. (SORL) bounced 1.32, or 29%, to 5.86, on nearly 2 million shares traded. Biondvax Pharmaceuticals Ltd. (BVXV) climbed 1.10, or 15%, to 8.40.
TRAVEL B.V. (TRVG) thrust 2.13, or 12%, to 19.96, on 9.4 million shares traded. Alnylam Pharmaceuticals, Inc. (ALNY) popped 9.23, or 16%, to 66.00, on 6.3 million shares traded.
Among other gainers, Proofpoint, Inc. (PFPT) was up 5.90 to 86.05, Foundation Medicine, Inc. (FMI) up 2.35 to 35.55, Intrexon Corporation (XON) 1.53 to 25.67, and Impinj, Inc. (PI) 2.86 to 42.31.
Stepping back and reviewing the hourly chart patterns, the indices were up in the morning, down midday, they consolidated, and closed firm near the highs for the day.