Full throttle for these 3 stocks as uptrends break new ground

Vontier Corporation, Palantir Technologies Inc., monday.com Ltd. are the ones to notice as they lead stocks on an uptrend.

Markets had an interesting day today; Nasdaq closed the day at 12,976, having gained 2.19%. S&P 500 gained 1.3% and closed at 4,205.45.

Meanwhile, United States Core Durable Goods Orders published today at 12:30 UTC came out at -0.2%, falling short of the 0% projections and continuing its decline from the previous 0.3% figure.

What is an uptrend?

An uptrend describes the price movement of a continuously appreciative financial asset over a particular time frame. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs.

Vontier continues a month uptrend; rises 2.84% today

Today's session pointed in the same direction — having closed yesterday at $29.2, bullish sentiment helped Vontier Corporation to reach highs around $30.07 before paring gains and ending today at $30.03. After setting a $29.34 – $30.07 range, Vontier closed the day at $30.03 having risen 2.84%. Daily trading volume (1 million shares) was slightly greater than the current multiday average of 896,786.

The US industrial tech company's market cap currently stands at $4.67 billion with an average daily volume of 896,786 shares. The North Carolina manufacturing company has managed to gain 48.75% so far this year despite trading at lows around $16.71 previously. Trading mostly sideways for 1 year, 5 months. Vontier last reported revenue of $353 million with an EPS of 68 cents.

Palantir Technologies continues an 8 day uptrend; leaps up 6.31% today

After setting a $12.82 – $14.2 range, Palantir Technologies closed the day at $13.65 having risen 6.31%. Palantir Technologies rallied to $14.2, hitting its highest point in 1 year; it later lost 54.5 cents and closed at $13.65. Pronounced bullish sentiment in the market helped the big data analytics company to make a notable 6.31% gain today, rising 81 cents and ultimately closing at $13.65. Daily trading volume (125.39 million shares) was higher than the current multiday average of 81.93 million.

Monday.com continues a 16 day uptrend; rises 0.85% today

After setting a $163.1 – $169.28 range, monday.com closed the day at $167.2 having risen 0.85%. After closing at $165.79 on yesterday, monday.com maintained a strong bullish bias that helped the stock close higher at $167.2 today. However, market bears ensured the the project management software company topped out at $169.28 and that by the end of the session, the market had marked out a distinct $163.1 to $169.28 range. Trading volume totalled 1.18 million which equates to around 94% of the stock's 21-day average today.