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  • Writer's pictureT. Livingston

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.

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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