Technical Tuesday - July 21, 2020 - Equities
Improving upside momentum has both the S&P and Nasdaq Composite ready for another leg higher. The small and midcaps have been in a tight range in recent days, and closing above their 200-day averages would be positive. Biotech recently broke out of a consolidation pattern and poised for another leg higher. We would be adding to this group. The iShares Tech-Software ETF (IGV) had a sharp reversal from support and looks to go a lot higher. We highlight nine stocks that screen well and would be adding to.
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