ZM, NOW, AVLR Showing Strong Action
Zoom, $ZM, is breaking out to a new high today. Although it is extended from the 200-day moving average, this is a true leading stock. Everyone needs Zoom now in our Covid-19 world. Technically, I really like the shakeout last week and the heavy volume as it made a new high this week. Earnings are set for late August.
ServiceNow, $NOW, is another stock that is emerging to new highs. I have owned this one for quite a while. I like the way it has consolidated calmly over the last few months and is now very close to new highs.
Avantor, $AVTR is another stock that has come across my radar. After breaking out strongly last week, it is finding support near its prior resistance level with big volume coming in. The 50-day moving average is also below which could become support.
Full Disclosure: Zoom, AVTR, and ServiceNow are stocks I currently own.
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