A week of short trading began on Tuesday with the release of several of the largest stocks. In the Dow Jones, Walmart (WMT), the stock rose on a solid earnings basis. And ranking stock Ciena (CIEN) has erased a rare ascending base pattern.
After eight consecutive weekly price increases, the industrial Dow Jones and Nasdaq indices were 0.2% and 0.4% respectively in the afternoon. The S & P 500 added 0.4%. NYSE and Nasdaq volume was down slightly from Friday's levels. (For updates on this story and other market coverage, visit Stock Market Today.)
The other main Dow Jones stocks were Walgreens Boots Alliance (WBA) and Procter & Gamble (PG).
After recovering its 50-day moving average on Friday, Walgreens extended its gains by 1.8%. Procter & Gamble shares hit a new high after a recent breakaway from a base with a purchase point to 96.99.
Among the FANG shares, Amazon.com (AMZN) is progressing by just over 1% after the announcement of the merger of its import unit in China with Kaola, a cross – border shopping platform run by NetEase (NTES).
Actions of Netflix (NFLX), meanwhile, rose 1.6% to 362.50. It is trading just above an entry of 358.95
Best stocks in motion
Today, in the stock market, many of IBD's top-rated stocks have seen a sharp rise.
On the ranking watchlist, Wix.com (WIX) jumped 3% to 125.15 ahead of its earnings report Wednesday before the opening. He cleared a large, cup-shaped base with an entrance of 121.55.
Ciena, meanwhile, rose 5% to 42.25. He cleared a rare ascending base with an entry of 40.26.
Inside the IBD 50, Trade Office (TTD) bounced more than 2% to 161.94, while a recent breakthrough on an entry of 149.10 gained traction. The 5% purchase area rose to 156.55. Trade Desk will be absent Thursday after closing.
Arista Networks (ANET) also grew by almost 3% in the IBD 50. This followed well after jumping close to 10% Friday on solid profits.
New number Tencent Music (TME) was one of the biggest winners of MarketSmith Growth 250, up nearly 6%. An initial breakout on an entry of 14.33 has stumbled, but the stock is back near the highs. Tencent Music is the largest music streaming service in China with over 800 million users.
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