- A moving average of Short volume ratio is at a recent 2 week high. A high short volume ratio indicate selling presures.
- MACD is crossing MACD signal line at 0.2. MACD crossing signal line is bullish signal.
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes fromFinra
Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Tyson Foods (TSN) announces plans to construct manufacturing facilities in China and Thailand. Also, it will expand its unit in the Netherlands.
B&G Foods (BGS) third-quarter 2020 results continue to reflect earnings and sales growth due to increased demand amid the pandemic. Also, an extra week in the third quarter fueled results.
Blue Apron Holdings (NYSE: APRN), Sirius XM Holdings (NASDAQ: SIRI), and Fitbit (NYSE: FIT) were all trading for under $7 as of Wednesday's close (with those prices given below). Blue Apron's struggles provide a cautionary tale for IPO investors, but things finally appear to be turning the corner. After 10 brutal quarters of year-over-year declines in revenue, Blue Apron is finally moving in the right direction.
Meal kit maker Blue Apron (NYSE: APRN) has struggled to remain relevant since its IPO three years ago. Its growth decelerated, it remained deeply unprofitable, and it faced a growing number of competitors.
Blue Apron (NYSE: APRN) has made numerous mistakes during its years as a public company, but the unforced error its board just made may be its biggest yet. The meal-kit delivery company reported third-quarter earnings that were the proverbial mixed bag, but Blue Apron's leadership seems to think those results signal renewed business strength, so it has decided to stop pursuing a sale of the company. The coronavirus pandemic helped Blue Apron immensely.
Zacks Industry Outlook Highlights: Lamb Weston, Flowers Foods, United Natural Foods and Blue Apron