Full throttle for these 3 stocks as uptrends break new ground

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

Markets closed higher today, as Nasdaq closed the day at 12,976, having gained 2.19%. S&P 500 gained 1.3% and closed at 4,205.45.

Meanwhile, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

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.

Palantir Technologies continues a 17 day uptrend; rallies 6.31% today

After setting a $12.82 – $14.2 range, Palantir Technologies Inc. closed the day at $13.65 having risen 6.31%. After having closed yesterday at $12.84, the big data analytics company rallied above $14.2 today, for the first time in 1 year — gaining 81 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 81.42 million.

Vontier continues a month uptrend; improves 2.84% today

After setting a $29.34 – $30.07 range, Vontier closed the day at $30.03 having risen 2.84%. Vontier ended yesterday's session at $29.2. today started with an increase to $30.07, but dropped back and closed at $30.03. Daily trading volume (1 million shares) increased, making up 117% of the 21-day average (882,278). Vontier disclosed a quarterly dividend of 2.5 cents per share on Tuesday, February 14th that was paid on Thursday, March 23rd to all shareholders of record up until Thursday, March 2nd. Based on current prices, the company's decision thereby provides Vontier investors with an annual dividend yield of 0.333%.

Marvell Technology Group continues a 12 day uptrend; explodes 32.42% today

After setting a $58.6 – $65.75 range, Marvell Technology Group closed the day at $65.51 having risen 32.42%. Marvell rallied to $65.75, hitting its highest point in 1 year; it later lost 24 cents and closed at $65.51. After closing yesterday at $49.47, Marvell Technology Group closed at $65.51 today after climbing to $65.75 and dropping back down. Marvell released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.37 per share on revenue of $1.32 billion, topping estimates of 0.29 per share on revenue of $1.30 billion. Since the release of its earnings report, Marvell gained 42.47%.

Marvell released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.37 per share on revenue of $1.32 billion, topping estimates of 0.29 per share on revenue of $1.30 billion. Since the release of its earnings report, Marvell gained 42.47%.