Mega Cap US Stocks

Last Updated September 21, 2021 at 12:25 GMT

The instruments in the Mega Cap US Stocks asset class that made the biggest moves, on a percentage basis, over the past day were Tesla Inc, Citigroup Inc, and Nvidia Corp. The chart below illustrates. Note that PROCTER & GAMBLE Co made an especially large and surprising move over the past day.

Trend News

Over the past two weeks, the strongest trend has been on Johnson & Johnson. Alternatively, on a 90 day basis, the strongest trend appears on Microsoft Corp. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for Pfizer Inc, Oracle Corp, Walmart Inc, Cisco Systems Inc, Apple Inc, Adobe Inc, Pepsico Inc, Facebook Inc and Alphabet Inc. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs. Price action traders will also want to note that a base appears to be forming on At&T Inc, Walt Disney Co and Netflix Inc. Price bases often precede increases in volatility and a clear trend.

Moving Averages In The Mega Cap Us Stocks World

For those who pay attention to moving averages, Amazon Com Inc may be of particular interest. It crossed its 20, 50 and 100 day moving averages. Outside of Amazon Com Inc, other pairs that crossed notable moving average levels include At&T Inc, PROCTER & GAMBLE Co, Netflix Inc, Tesla Inc, Bank Of America Corp, Cisco Systems Inc, Facebook Inc, PayPal Holdings Inc, International Business Machines Corp, Citigroup Inc and Johnson & Johnson; they crossed their 20, 20, 20, 20, 50, 50, 50, 100, 200, 200 and 200 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Nvidia Corp has perhaps the strongest trend. See the chart below.