Smallcap Segment Leads Market with Strong Performance and Positive Sentiment
The smallcap segment has been the best performer in the market today, with Ironwood Pharmaceuticals, Inc. leading the pack with a return of 36.34%. This segment has seen a positive advance decline ratio, with 508 stocks advancing and 228 stocks declining, resulting in a ratio of 2.23x. This indicates a strong bullish sentiment in the smallcap market.
In terms of technical calls, there have been some recent changes in the smallcap index. Cousins Properties, Inc. is currently showing a sideways to mildly bullish trend, while CVB Financial Corp. has shifted from mildly bearish to mildly bullish. First Financial Bankshares, Inc. is also showing a sideways to mildly bullish trend, while Goodyear Tire & Rubber Co. has moved from mildly bullish to bullish. Hancock Whitney Corp. is also 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 stocks for potential opportunities in the smallcap market.