Technical, Video

Lowry Technical Vlog: Strong Price Actions with Weakening Demands

Michal Kahn, CMT, Senior Market Analyst
01 May 2023

CFRA Technical Senior Market Analyst Michael Kahn looks for rising stocks on vapors in this week's VLOG. In other words, price is setting new highs while Demand is fading significantly. Such conditions suggest that the price rally cannot last, and sellers are more likely to take over. For this, he used the Alerts function to scan for just such conditions.

The stocks covered this week are Spotify Technology (SPOT), Crocs, Inc. (CROX), and Tecnoglass, Inc. (TGLS).