Tradeweb Blasts Higher And Moves Ahead Of The Pack

Only a small handful of stocks are hitting new all-time highs, and Tradeweb is one of them. It has moved up sharply on some impressive turnover. On Monday, it hit a new high as money flow continues to pour in. The cloud is green and expanding here, and the RSI is very impressive with higher highs and higher lows.

The stock shows an overbought condition, but that should not deter dip buyers. While its rise since March has been steep, even a brief down session would be enough to pull the trigger on a buy. With the MACD on a buy signal, we are bullish on Tradeweb.

Tradeweb Chart Analysis

Take a deeper dive into the chart action (NYSE: TW). Learn how to read the technicals as Bob marks up our chart of the month.

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