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Meta, Amazon, and Netflix: 3 Leading Growth Stocks Testing Gap Support
AmazonAmazon(US:AMZN) See It Market·2024-02-21 16:57

The NYFANG+ index of leading growth stocks is up about 12% YTD, while the S&P 500 and Nasdaq 100 have gained only 5%. While stocks like NVDA are making headlines, it’s important here to watch names that have recently gapped higher.  In a bull market phase, leading stocks will break out, and then price will often move even higher as additional buyers are willing to pay more and more for winning names.  In a bearish phase, however, gaps higher will often stall out, representing an exhaustion of buyers. If ...