3 up-trending stocks stuck in range-bound price action today

Published: November 25 2022, 15:20 GMT+0

3 up-trending stocks stuck in range-bound price action today

MICT, Inc., Mirati Therapeutics, Inc., Shoals Technologies Group, Inc. are at the top of this list of stocks on an uptrend.

Markets are mixed with Dow Jones up 0.4%, trading at 34,330. Nasdaq drawing back 0.25% to 11,258.

What is an uptrend?

A trend is the overall direction of a market or an asset's trading price over a certain period. An uptrend is when the price is generally pointing upwards; there can be certain periods of time when the price falls, yet the trend remains in an upward direction.

Jumps for 15 days and gaining 104.62%: Micronet Enertec Technologies up 9.92%, trading around $1.33

MICT, Inc. continues a 15 day uptrend, gaining a total of 104.62%. this session seems to remain in the same lane for now — the mobile computing specialist rallies 9.92% and stays at the $1.33 level. As things stand, trading volume is at 610,116, above the 21-day average of 301,440.

A 12 day, 65.34% rise: Mirati Therapeutics improves to $98.28 up 2.54%

As the session continues, it seems to maintain one direction — after closing the previous trading day at $95.85, Mirati Therapeutics is up to $98.28, which makes for a move of 2.54%/$2.43 today. Mirati Therapeutics continues a 12 day surge, reaping a total of 65.34%.

Mirati Therapeutics has a market cap of $5.66 billion with an average daily volume of 1.33 million shares. Having set a significant high of $152 5 months ago, the biotechnology developer is trading 144.77% lower. The Nasdaq has been doing worse in 2022, it has been passing it by 3.79%. Mirati Therapeutics last reported revenue of $5.43 million with an EPS of $-3.09.

An increase of 61% in 13 days: Shoals Technologies rises to $31.28 up 1.3%

Shoals Technologies is on a 13 day uptrend, gaining a total of 61%. today's session so far looks to be heading in the same direction — after closing the previous trading day at $30.88, Shoals Technologies is up to $31.28, which makes for a move of 1.3%/40 cents today.

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