The IBD 50 stretched its weekly win streak to seven, mirroring the performance of the Nasdaq composite. The IBD 50 has rallied 11.5% over that time, compared to an 11.2% gain for the Nasdaq.
The latest week served up plenty of huge winners. Acacia (ACIA) surged 41% Friday as Wall Street liked the look of its first earnings report as a publicly traded company. But Acacia was already well extended after a breakout over a 45.85 buy point last month.
The IBD 50 stretched its weekly win streak to seven, mirroring the performance of the Nasdaq composite. The IBD 50 has rallied 11.5% over that time, compared to an 11.2% gain for the Nasdaq.
The latest week served up plenty of huge winners. Acacia (ACIA) surged 41% Friday as Wall Street liked the look of its first earnings report as a publicly traded company. But Acacia was already well extended after a breakout over a 45.85 buy point last month.