Closing Analysis

Another Negative Day

Closing Technical Market Analysis for Thu February 28th 2019

The stock market had another negative day on Thursday as the indices opened to the downside, bounced around all morning, reaching their highs around the noon hour. The S&P 500 ran up to 2793.73 and the Nasdaq 100 hit its high at 7125.92. They rolled over, stair-stepped down the rest of the afternoon, and closed negative on the session.

Net on the day, the Dow was down 69.19 at 25,916.00. The S&P 500 was down 7.89 to 2784.49. The Nasdaq 100 was down 19.48 to 7097.53.

TheTechTrader.com board was very negative on Thursday. Alphabet Inc. (GOOG) was up 3.87 to 1119.92, and Tesla, Inc. (TSLA) up 5.14 to 319.88.

Other stocks to the upside included Square, Inc. (SQ) 1.98 to 81.30, Canopy Growth Corporation (CGC) 1.65 to 47.40, Tilray, Inc. (TLRY) 2.01 to 81.31, California Resources Corporation (CRC) 1.83 to 23.65, and Carvana Co. (CVNA) 3.04 to 44.86.

To the downside, Amazon.com, Inc. (AMZN) was up 1.26 to 1639.83, Apple Inc. (AAPL) down 1.72 to 173.15, Facebook, Inc. (FB) 1.36 to 161.45, Netflix, Inc. (NFLX) 4.77 to 358.10, NVIDIA Corporation (NVDA) 1.00 to 154.25, and Intuitive Surgical, Inc. (ISRG) 1.80 to 547.61.

In addition, Teladoc, Inc. (TDOC) dropped 4.64 to 64.35, Roku, Inc. (ROKU) down 1.08 to 66.29, and REGENXBIO Inc. (RGNX) 1.51 to 51.73.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) lost 2.42 to 58.86.

Checking TheTechTrader.com percent-gain leaderboard, T2 Biosystems, Inc. (TTOO) spiked to 5.36, before pulling back and closing up 58 cents, or 15%, to 4.34, on 6.8 million shares. the Rubicon Project, Inc. (RUBI) gained 68 cents, or 13%, to 5.87, on 3 million shares.

TG Therapeutics, Inc. (TGTX) exploded 1.61, or 31%, to 6.80, on 12.5 million shares.

Guardant Health, Inc. (GH) climbed 10.97, or 20%, to 66.64, on I million shares. Collegium Pharmaceutical, Inc. (COLL) bounced 3.14, or 22%, to 17.59, on 1.95 million shares. The Hain Celestial Group, Inc. (HAIN) snapped back 1.90, or 11%, to 19.67, on 7.2 million shares. Guardant Health, Inc. (GH) thrust 10.97, or 20%, to 66.64, on 1 million shares. Horizon Pharma Public Limited Company (HZNP) closed up 7.16, or 33%, to 29.01, on 17.8 million shares. Intercept Pharmaceuticals, Inc. (ICPT) bounced 6.98, or 8%, to 99.74, on 2.8 million shares.

Among other gainers, Ferro Corporation (FOE) was up 1.39 to 19.39, JD.com, Inc. (JD) up 1.74 to 27.71, and Monster Beverage Corporation (MNST) 509 to 63.83.

Let’s see what happens tomorrow.

Good Trading! 

Harry  


Harry Boxer For more of Harry Boxer, sign up for a FREE 15-Day Trial to his Real-Time Technical Trading Diary.

 


©2001-2019 TheTechnicalTrader (www.thetechtrader.com), a publication of AdviceTrade, Inc. All rights reserved.