Don't know exactly why, but COVID stocks are acting well. Look at FLGT, QDEL, PTON, NLS, ZM, TDOC, and the vaccine manufacturers. Meanwhile the market looks like it's breaking down. Maybe we'll get a nasty second wave. No idea. But ZM looks pretty solid here and I don't hate it as a long trade. It broke down from an obvious head and shoulders top, but bears couldn't take control. Now it's pushing against the downtrend line and the 20-day. I don't own it but will be watching.
Comment:
Breaking out from a low cheat handle today. Great price action so far.