Smallcap Segment Leads Market with 16.51% Return, Oscar Health Stands Out
The smallcap segment has been the top performer in the market today, with a return of 16.51%. This segment has seen a positive advance decline ratio, with 457 stocks advancing and 281 stocks declining, resulting in a ratio of 1.63x. This indicates a strong bullish sentiment in the smallcap market.
Among the top performers in this segment, Oscar Health, Inc. stands out with a return of 16.51%. This healthcare company has been gaining traction in the market due to its innovative approach to health insurance.
In terms of technical calls, there have been some recent changes in the smallcap index. Mercury General Corp. is currently showing a sideways to mildly bullish trend, while CNX Resources Corp. is also exhibiting a similar trend. On the other hand, Corcept Therapeutics, Inc. has shifted from a bullish to mildly bullish trend, indicating a potential uptrend in the stock. Nelnet, Inc. has also shown a shift from mildly bullish to bullish, while Bloom Energy Corp. is currently displaying a sideways to mildly bullish trend.
Overall, the smallcap segment is driving the market today with its strong performance and positive sentiment. Investors should keep an eye on these top performers and monitor any changes in their technical trends for potential investment opportunities.