Midcap Stocks Show Strong Performance, Atmos Energy Corp. and Others Shift to Mildly Bullish Outlook
The midcap segment of the market has been showing strong performance, with Signet Jewelers Ltd. leading the pack with a return of 12.45%. However, not all midcap stocks have been faring well, with FactSet Research Systems, Inc. experiencing a return of -4.83%.
Despite this, the overall advance decline ratio for midcap stocks is positive, with 460 stocks advancing and only 144 declining. This translates to a ratio of 3.19x, indicating a bullish sentiment in the market.
Some notable stocks in this segment that have recently seen a change in their technical outlook include Atmos Energy Corp., Casey's General Stores, Inc., Northern Trust Corp., Valmont Industries, Inc., and Pegasystems, Inc. These stocks have shifted from a bullish to mildly bullish or sideways to mildly bullish outlook, indicating potential for further growth.
Investors should keep an eye on these stocks as they could potentially drive the market in the coming days. With the midcap segment showing strong performance and a positive advance decline ratio, it is a promising time for investors to consider adding these stocks to their portfolio.