US 500 approximately even on Wednesday

S&P 500 moved more or less horizontally on Wednesday and closed at 5917 points (+0.0 percent).

309 shares showed a gain and 192 showed a loss. 1 shares were unchanged and closed at the same price as the previous day. There was no trading in 0 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 307.5 billion.

Target closed at 122 $ after a steep drop of 22.0 percent. The stock has never lost more in one day since May 18. 2022, when it was down 24.9 percent. The volume was also very high. At session end it was bought and sold shares for about 7858 million $ in the stock, which equals 16 times mean daily turnover. Nor does it look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Monolithic Power Systems closed down 4.4 percent to 560 $. The stock thereby broke the earlier bottom it set Jan 4 and reached a new year-low. The stock has thereby closed down nine out of the past ten days. The stock has by that dropped 30.5 percent since the sell signal from the double top formation three weeks ago.
EQT developed positively, and gained 5.6 percent to a close of 46.54 $. The stock has not closed at a higher price since Sep 2022. The stock is with that up 17.9 percent after the buy signal from the rectangle formation two weeks ago.
United Rentals showed a flat development and ended the day at 821 $ (-0.1 percent). The stock has now closed down for the eighth day in a row. It does, however, look good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
International Paper was up 1.7 percent to close at 58.84 $. We must go back to Sep 2021 to find a higher close for the stock. The stock has now closed up for the fifth day in a row and this past month the stock has gained as much as 25.4 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 47.00 $ and a further increase is indicated.

Winners Wednesday

Keysight Technologies8.78%
Humana5.83%
CoStar Group5.80%
EQT5.58%
Smurfit Westrock4.78%

Losers Wednesday

Target-21.97%
Super Micro Computer-8.74%
QUALCOMM-6.34%
Monolithic Power Systems-4.41%
Dollar General-4.22%

Most traded Wednesday

NVIDIA45207.18
Tesla22690.49
Apple8053.83
Microsoft7973.94
Target7857.96
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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