Full throttle for these 3 stocks as uptrends break new ground

Palantir Technologies Inc., Vontier Corporation, Marvell Technology Group Ltd and others are trending higher.

Leading equity indices in the US rose as Nasdaq ended the session at 12,976 after a 2.19% gain. S&P 500 gained 1.3% and closed at 4,205.45.

Meanwhile, data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

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; jumps 6.31% yesterday

After setting a $12.82 – $14.2 range, Palantir Technologies Inc. closed the day at $13.65 having risen 6.31%. The big data analytics company reached $14.2, breaking a 1 year record. Later, it lost 54.5 cents and is now trading at $13.65. An influx of buyers helped the data analytics specialist to end the session higher around $13.65, while establishing a $12.82 to $14.2 session range yesterday. Daily trading volume (125.39 million shares) increased, making up 154% of the 21-day average (81.42 million).

Vontier continues a month uptrend; rises 2.84% yesterday

After setting a $29.34 – $30.07 range, Vontier closed the day at $30.03 having risen 2.84%. Having closed Thursday at $29.2, bullish sentiment helped Vontier to reach highs around $30.07 before paring gains and ending yesterday at $30.03. Daily trading volume (1 million shares) was slightly above the current multiday average of 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 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%.