Stocks That Made New Highs On Friday, Aug. 19
Yesterday, Friday, August 19, 2022, in spite of the stock market being down, there were several stocks that actually made new highs.
Many stock traders believe that when a stock makes a new high, it is bullish for the stock.
Plus if a stock makes new highs on a day when the stock market drops, then that is very positive for the stock and extremely bullish.
So yesterday, the S&P 500 was down 55, the Dow Jones Industrial Average was down 292, and the Nasdaq was down an incredible 260, which was a drop of more than 2%.
In spite of that, there were a select few companies that did rise on Friday.
The following is a group of the new high stocks, most of which are biotech companies.
Axsome Therapeutics (AXSM)
NL Industries (NL)
ADMA Biologics (ADMA)
Intercept Pharmaceuticals (ICPT)
Supernus Pharmaceuticals (SUPN)
Artesian Resources (ARTNA)
Keep in mind that some of these stock are very low cap and therefore very speculative.
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