Blog Post: Day 10 of $QQQ short term up-trend; 42 US new highs and 63 lows; $VRT has OSB (oversold bounce) and a recent GLB, and great MarketSmith statistics, see daily and monthly charts

GMI3/6
GMI-23/9
T210829%

VRT came up on my oversold-bounce scan, note the black dot. VRT had a green line break-out to an ATH on August 2nd with volume way above average, after reporting earnings. MarketSmith reports 2023 earnings are expected to rise +203%, Comp rating=98 and RS=99. On Wednesday, VRT bounced from oversold. If it holds Wednesday’s low of 36.22 I would become interested.

 

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