From the desk of Steve Strazza @Sstrazza
Consider this a special follow-up edition to our most recent 2-to-100 column, published earlier this week.
We update our 2-to-100 club universe every quarter as stocks will come on and off of the list as their market cap fluctuates above and below our criteria of about 2 to 30B.
There are also newly public stocks that need to be added and changes based on our technical criteria, among other things.
A lot of stocks grew above the $30B mark this year and unfortunately left the 2-to-100 club. On the other hand, there weren’t too many that left due to falling below $2B.
This makes sense as all the stocks in the club are from tech/growth industries, many of which performed incredibly well in 2020.
There was also a good deal of new additions from IPOs which is also no surprise as most of the new issuances these days are tech companies.
The last thing I noticed – which is what this post is about – was a few stocks that look to be resolving multi-year continuation patterns in the same direction of their structural trends… which is higher.
The best thing about the 2-to-100 club is that our technical criteria makes sure all stocks are in structural uptrends.
Let’s dive right in and look at these trade setups now.Lost Password?