The Closing Print live trading and financial blog during market hours.

Top 10 Winners on Up Volume

We’re looking at the Top 10 Winners and Losers for a Friday follow-through trade. Several are from the watchlist, so we’ll be looking to ad to some of them like Zim Integrated Shipping (ZIM) and Hershey’s (HSY) now that the latter is trading post-EPS.


The Innovator IBD 50 ETF (FFTY) added 1.6%, helped by strength in shipping stocks like Zim Integrated Shipping Services (ZIM) and Matson (MATX). Inside the MarketSmith Growth 250, Danaos (DAC) soared out of a cup base with a 89.51 buy point.

Watch for this strength in Maritime Shipping to continue.

Zim Integrated Shipping Services

In an industry dominated by traditional large players, ZIM stands out with its novel approach, bold strategy and innovative spirit focused on digitization, leading to record financial results in 2020, 2021. Analyst estimates are currently adjusted lower for 2022.

We wrote about IBD50 candidate Zim Integrated Shipping earlier in the week here.

Our thoughts still apply, as we look for ZIM to continue on its march to fresh 52-week highs. The stock has broken free of it’s ascending triangle consolidation pattern over the past few weeks.

Note the retest or “pull back to breakout” PBBO and subsequent bounce on above average volume.


Bottom 10 Down on Volume

We’ll watch these stocks once they start to show signs of a base. We have particular interset in KLA Corp (KLAC) and Global Ship Lease (GSL).


Join us today in the trading room for our LIVE broadcast during market hours, as we trade some of these candidate while navigating the current environment.

Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading, 


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