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  • Writer's pictureT. Livingston

Recent IPOs VRM ADCT AZEK Strong Charts

ADCT and AZEK are two recent IPOs that have powerful charts. They both blasted off after their initial public offerings and have held their gains relatively well. Now, they are both approaching new highs. AZEK has not lost its 20-day moving average since it's IPO and ADCT has not lost its 50-day moving average over the past few months. These are two smaller stocks and are much more prone to large moves in either direction.

I also like the action of recent IPO Vroom. Like AZEK, it has shown an inclination to hold its 20-day moving average and is now approaching new highs.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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