Hello trader the stock markets spikes up today after the Labor Department reported that the number of jobless claims dropped more than economists expectation. Here is the stock pick for you all.
The stock is Chart Industries Inc (NASDAQ:GTLS). The metal fabrication company's stock price jumps and makes its new 52 weeks high. It also breaks its bullish price channel's resistance with high volume. We can see that the stock price usually go up after reached its 20 days simple moving average. The stock price are now rebounding from its 20 days simple moving average so I think the stock would go higher until several days ahead. This movement is also supported by MACD indicator.
Protege Analytics - Find Your Daily Stock Picks Here