Closing Analysis

Mostly Lower Close on Thursday

Closing Technical Market Analysis for Thu April 11th 2019

The stock market opened higher Thursday morning, and then drifted lower during the session, at one point going from 2889.82 S&P 500 to 2883.61, 6 points and 7607.88 Nasdaq 100 to 7592.58, 15 points straight down. They bounced around all afternoon, and in the last minute the S&P 500 bounced into the green column, but the Nasdaq 100 closed to the downside.

Net on the day, the Dow was 14.11 at 26,143.05, 157 points off the high. The S&P 500 was up .11 at 2888.32, 5 points off the high. The Nasdaq 100 was down 16.60 at 7594.89, 26 points off the high.

Advance-declines were 284 positive on the New York Stock Exchange, and 264 negative on the Nasdaq. New York had a total volume of 2.8 billion shares traded and the Nasdaq traded 2 billion shares.

TheTechTrader.com board was nearly all red on Thursday. Alphabet Inc. (GOOG) gained 2.46 to 1204.62, and Netflix, Inc. (NFLX) jumped 3.73 to 367.65.

Other stocks to the upside included Caterpillar Inc. (CAT) 1.34 to 138.87, Acer Therapeutics Inc. (ACER) 1.85 to 26.23, eHealth, Inc. (EHTH) 2.66 to 70.08, CareDx, Inc (CDNA) 1.23 to 30.84, and The Boeing Company (BA) 5.22 to 370.16.

To the downside, Amazon.com, Inc. (AMZN) was down 3.26 to 1844.07, Apple Inc. (AAPL) down 1.67 to 198.95, Tesla, Inc. (TSLA) 7.64 to 268.42, Intuitive Surgical, Inc. (ISRG) 1.25 to 584.63, and Baidu, Inc. (BIDU) 5.84 to 171.20.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) lost 4.19 to 59.90.

Point-plus losers included Teladoc, Inc. (TDOC) down 1.42 to 55.15, Incyte Corporation (INCY) down 2.35 to 81.06, Weight Watchers International, Inc. (WTW) 2.06 to 18.48, Bed Bath & Beyond Inc. (BBBY) 1.70 to 17.71, CVS Health Corporation (CVS) 1.18 to 52.69, and Canopy Growth Corporation (CGC) 2.13 to 40.08.

Checking TheTechTrader.com percent-gain leaderboard, Future FinTech Group Inc. (FTFT), on an expansion, jumped 1.25, or 155%, to 2.05, on nearly 50 million shares. Phunware Inc. (PHUN), on a new patent, thrust, reaching a high of 9.26, pulled back and closed up 3.66, or 70%, to 8.88, on nearly 6 million shares. Papa Murphy's Holdings, Inc. (FRSH), on a definitive merger, popped 1.53, or 31%, to 6.42, on 9.2 million shares, reaching a 52-week high at 6.44.

IPO Tufin Software Technologies LTD. (TUFN) kicks of debut by charging 5.18, or 37%, to 19.18, on 6.2 million shares. IPO PagerDuty, Inc. (PD) soared 14.25, or 59%, to 38.25, on 9.2 million shares. Scorpio Tankers Inc. (STNG) stair-stepped 2.22, or 10%, to 23.72, on 2.2 million shares. UP Fintech Holding Limited (TIGR) was up another 1.79, or 12, to 17.00, on 2 million shares.

Among other gainers, YETI Holdings, Inc. (YETI) was up 1.80 to 32.00, GoDaddy Inc. (GDDY) up 3.61 to 79.56, CDW Corporation (CDW) 2.65 to 106.70, Shopify Inc. (SHOP) 4.49 to 210.99, NetApp, Inc. (NTAP) up 1.24 to 75.49, Fastenal Company (FAST) up 3.29 to 68.48, Domo, Inc. (DOMO) 2.33 to 39.70, and Ryair Holdings (RYAAY) 3.41 to 76.45.

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.