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

Top 10 Winners and Losers

by | Feb 4, 2022 | #ibdpartner, #investorsbusinessdaily, #MarketSmith | 0 comments

Winners-and-Losers-Top-10-stocks

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.

Top-10-Up-Volume-Stocks-MarketSmith-Growth-250

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.

ZIM-Integ-Shipping-ZIM-Stock-Chart

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).

Top-10-DOwn-on-Volume-MarketSmith-stocks

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, 

Vinny

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

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Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.

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We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.

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Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. 

As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.

These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.

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