Smallcap Segment Leads Market with 20.26% Return, MYR Group, Inc. Takes the Lead
The market is buzzing with activity today as the smallcap segment takes the lead as the best performer. With a return of 20.26%, MYR Group, Inc. is leading the pack in this segment. The advance decline ratio for smallcap stocks is also showing a positive trend with 469 stocks advancing and 272 stocks declining, resulting in a ratio of 1.72x.
In terms of technical calls, there have been recent changes in the smallcap index. Alaska Air Group, Inc. is showing a sideways to mildly bullish trend, while Progress Software Corp. is also following a similar pattern. On the other hand, SJW Group has shifted from a mildly bearish to a mildly bullish trend.
This shift in technical calls could be attributed to various factors driving the market today. One of the key factors could be the overall positive sentiment in the market, with investors showing confidence in the smallcap segment. Additionally, the strong performance of MYR Group, Inc. could be influencing the trend in other smallcap stocks.
Investors should keep a close eye on these stocks and monitor any further changes in their technical calls. With the smallcap segment showing promising returns, it could be a good opportunity for investors to diversify their portfolio and potentially reap the benefits of this market trend.