The highest profile technology stocks have been lagging, but a new set of smaller companies appears to be breaking out.
The Russell 2000 small-cap ETF (IWM) has risen more than 6 percent in the last week. The Nasdaq-100, dominated by huge names Apple (AAPL) and Amazon.com (AMZN), has inched lower over the same period.
Here’s another factoid: The number of Russell 2000 members hitting new 52-week highs has spiked to its highest level in more than two years. For the Nasdaq-100, the total is almost nonexistent.
The data comes from special indexes regularly calculated by TradeStation. Our servers constantly track data from across the market and various benchmarks. Some of the information is digested and shared under dedicated symbols. Customers can add those to charts and RadarScreen.
Our last post featured indexes tracking the number of stocks above are above key moving averages. This post’s tools count the number of stocks making new highs and lows in the given indexes. (Future articles will highlight some of the smaller companies making new highs.)
|$52WHND||Number of Nasdaq-100 Stocks Hitting New 52-week highs|
|$52WLND||Number of Nasdaq-100 Stocks Hitting New 52-week lows|
|$52WHSP||Number of S&P 500 Stocks Hitting New 52-week highs|
|$52WLSP||Number of S&P 500 Stocks Hitting New 52-week lows|
|$52WHRL||Number of Russell 2000 Stocks Hitting New 52-week highs|
|$52WLRL||Number of Russell 2000 Stocks Hitting New 52-week lows|
|$52WHI||Number of Dow Jones Industrial Stocks Hitting New 52-week highs|
|$52WLI||Number of Dow Jones Industrial Stocks Hitting New 52-week lows|