Full throttle for these 3 stocks as uptrends break new ground

Published: November 25 2022, 14:20 GMT+0

Full throttle for these 3 stocks as uptrends break new ground

GoHealth, Inc., MICT, Inc., Mirati Therapeutics, Inc. are the ones to notice as they lead stocks on an uptrend.

Markets were up Wednesday; Nasdaq closed the day at 11,300, having gained 0.99%. S&P 500 ended the session at 4,027.26 after a 0.59% gain.

What is an uptrend?

A trend is the overall direction of a market or an asset's trading price over a certain period. An uptrend is when the price is generally pointing upwards; there can be certain periods of time when the price falls, yet the trend remains in an upward direction.

An 8 day, 2,270% rise: GoHealth bulls in charge as markets close for Thanksgiving

On-trend GoHealth closed the session Wednesday with more of the same: generally flat but with a slight bullish bias, GoHealth, Inc. ranged between $8.77 and $9.39 before closing higher at $9.03. Having gone up $8.47 over the past 8 days, the day's trading volume totalled 130,803 shares — under the 21-day average of 1.33 million.

The company has a market cap of $80.28 million with an average daily trading volume of 1.33 million shares. Having set a significant high of $9.03 a month ago, the Medicare plan marketplace is trading 2,590% lower. GoHealth last reported revenue of $133 million with an EPS of -22 cents.

A 15 day uptrend, shoots up by 86.15%: Micronet Enertec Technologies posts solid session with 15.24% gain; upside capped at $1.22

Micronet Enertec Technologies pointed in the same direction Wednesday: the mobile computing specialist rose as high as $1.22 before giving up its gains and dropping back to $1.21 before the close on Wednesday. Micronet Enertec Technologies continues a 15 day surge, reaping a total of 86.15%. Daily trading volume (1.30 million shares) increased, making up 430% of the 21-day average (301,440).

Micronet Enertec Technologies is currently trading with a market cap of $156.77 million with an average daily volume of 301,440 shares. The mobile computing device maker is now trading 13.22% below the significant high of $1.21 it set around 2 days ago. Micronet Enertec Technologies's last revenue report was $13.76 million with an EPS of -5 cents.

At $95.85, Mirati Therapeutics continues its uptrend: Mirati Therapeutics closes at $95.85 after gaining 11.31%

Wednesday's session pointed in the same direction — the US oncology company went up to $95.85, gaining 11.31%. Mirati Therapeutics is on a 12 day bullish run gaining $26.67 (61.26%). Daily trading volume (2.83 million shares) was higher than the current multiday average of 1.33 million.

Mirati Therapeutics's market cap currently stands at $5.52 billion with an average daily volume of 1.33 million shares. Mirati Therapeutics hit a significant low of $39.16 around 5 months ago, but has since recovered 119.89%. So far in 2022 it has been beating the Nasdaq by 1.67%. $5.43 million was Mirati Therapeutics's last reported revenue with $-3.09 being the current EPS.

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