Argentina's Advance Accelerates

New 52-Week Highs led New Lows — 100 vs. 33.

April 07, 2024

Happy Sunday.

Stocks snapped back Friday.

Every major index finished higher. The Nasdaq Composite and S&P 500 surged more than +1%.

Every sector settled positive. Industrials, technology, energy and communications all carried more than +1%.

New 52-Week Highs led New Lows — 100 vs. 33.

The Best of the Best

Transportadora de Gas del Sur ($TGS) is the best of the best. The Argentine natural gas company gained +10.94% and closed at its highest price since January 2018.

Here’s the daily chart.

And monster monthly chart.

$TGS has 518 followers on Stocktwits.

Central Puerto ($CEPU) is a notable new high. The Argentine utility company advanced +7.07% and closed at its highest price since June 2018.

Here’s the daily chart.

And weekly chart.

$CEPU has 449 followers on Stocktwits.

IES Holdings ($IESC) is a notable new high. The electrical infrastructure company advanced +6.10% and closed at an all-time high.

Here’s the daily chart.

And monster monthly chart.

$IESC has 258 followers on Stocktwits.

The Worst of the Worst

Canadian Solar ($CSIQ) is the worst of the worst. The solar semiconductor manufacturer fell -7.50% and set at its lowest price since June 2020.

Here’s the disastrous daily chart.

And weak weekly chart.

$CSIQ has 13,562 followers on Stocktwits.

Peloton Interactive ($PTON) is a notable new low. The at-home fitness company tumbled -4.99% and closed at another all-time low.

Here’s the daily chart.

And weak weekly chart.

$PTON has 49,141 followers on Stocktwits.

VinFast Auto ($VFS) is a notable new low. The Vietnamese EV manufacturer unplugged -4.59% and closed at an all-time low. $VFS is down -95% from its August all-time high.

Here’s the dumpster fire daily chart.