Smallcap Stocks Lead Market with 19.64% Return, Positive Sentiment Prevails
The market is buzzing with activity today as the smallcap segment takes the lead as the best performer. With a return of 19.64%, TransMedics Group, Inc. is leading the pack in this segment. This is a significant increase compared to the overall market performance.
The advance decline ratio for the smallcap stocks is also showing a positive trend, with 349 stocks advancing and only 393 declining. This translates to a ratio of 0.89x, indicating a bullish sentiment in the market.
In terms of technical calls, there have been some recent changes in the smallcap index. ESCO Technologies, Inc. has shifted from a mildly bullish to a bullish outlook, while Nordstrom, Inc. has also seen a similar change. ACI Worldwide, Inc. has gone from a bullish to a mildly bullish stance.
Overall, the smallcap segment seems to be driving the market today with its strong performance and positive sentiment. Investors should keep an eye on these stocks and their technical calls for potential opportunities in the market.