MonthNovember 2020

Charting Jim Cramer’s “Up Stocks” for 2020

On Thursday, November 19th, Mad Money host Jim Cramer shared his year end list of “up stocks.”

“I expect these 10 up stock winners to keep winning as we approach the end of the bizarre year that was 2020”

Jim Cramer

The stocks mentioned were:

AMZNNOWOKTAPYPLRNG
ROKUSQTGTTSLATWLO

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Closing Range vs True Range – What’s the Difference?

One way to help judge supply and demand for a stock is to pay attention to the closing range, which indicates where a stock closed within the price range for the day/week/month. Closing near the high indicates buyer demand for the stock. When near the bottom of the range, there was more selling than buying.

Closing Range Considerations:

• The closing range indicates where in the range (day/week/month) a stock closed.
• Higher in the closing range, buyers were in charge. More sellers than buyers when lower in the range.
• A closing range of 40%+ is supportive action.
• Even if a stock closes down for the day, if the closing range > 40%, that is still considered a sign of strength.

The true range takes into account the previous daily or weekly close. This provides another perspective as it relates to the current action, accumulation or distribution as well as the overall trend. The examples below will provide more specifics.

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