Mega Cap US Stocks

Last Updated May 10, 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 Exxon Mobil Corp, Chevron Corp, and Boeing Co. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.

Trend News

Over the past two weeks, the strongest trend has been on Intel Corp. Alternatively, on a 90 day basis, the strongest trend appears on Cisco Systems Inc. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for Microsoft Corp, Cisco Systems Inc and Boeing Co. 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 Verizon Communications Inc, Walmart Inc, Coca Cola Co and Amazon Com 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, Merck & Co Inc may be of particular interest. It crossed its 20 and 100 day moving averages. Outside of Merck & Co Inc, other pairs that crossed notable moving average levels include Pepsico Inc, Mastercard Inc and Walt Disney Co; they crossed their 20, 50 and 100 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 Wells Fargo & Company has perhaps the strongest trend. See the chart below.