Full throttle for these 3 stocks as uptrends break new ground

Palantir Technologies Inc., Vontier Corporation, Marvell Technology Group Ltd and others are enjoying ongoing uptrends…

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

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% yesterday

After setting a $12.82 – $14.2 range, Palantir Technologies Inc. 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. The big data analytics company went up to $13.65, gaining 6.31%. Daily trading volume (125.39 million shares) was higher than the current multiday average of 81.42 million.

Vontier continues a month uptrend; goes up 2.84% yesterday

After setting a $29.34 – $30.07 range, Vontier closed the day at $30.03 having risen 2.84%. The North Carolina manufacturing company rose as high as $30.07 before giving up its gains and dropping back to $30.03 before the close on yesterday. 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 continues a 12 day uptrend; shoots up 32.42% yesterday

After setting a $58.6 – $65.75 range, Marvell Technology Group closed the day at $65.51 having risen 32.42%. Marvell Technology Group gains 2.79% and trades at $67.34 in after-hours trading, building on a session in which it reached a new high of $65.75 (for the first time in 1 year) and closed at $65.51. Marvell released its quarterly earnings report Thursday, 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 Technology Group released its quarterly earnings report Thursday, 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 Technology Group gained 42.47%.