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

Meanwhile, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

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%. After having closed Thursday at $12.84, the data analytics specialist rallied above $14.2 yesterday, 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 yesterday, rising 81 cents and ultimately closing at $13.65. Daily trading volume (125.39 million shares) was above the current multiday average of 81.42 million.

Vontier continues a month uptrend; moves 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 topped out at $30.07 having ended yesterday at $30.03. However, despite early momentum, the stock gave up its gains to now trade at $30.03. Daily trading volume (1 million shares) was slightly greater than 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 Technology Group continues a 12 day uptrend; skyrockets 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. Daily trading volume (92 million shares) increased, making up 712% of the 21-day average (12.94 million). 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%.

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%.