By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
1/6/17 Daily & Weekly Closing Analysis - NASDAQ Fintech Index (KFTX)
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Fresh new highs. Fintech keeps on climbing and hitting new highs with the KFTX closing at 1093.45, up 5.39 points (+0.50%). Seems like the train left the station and is picking up speed. Woo Hoo!!
With the index ‘way up here’, let’s check the stocks in the KFTX that had a 2 point move and/or 3%.
MKTX +4.44 (157.15)
SPGI +2.01 (114.60)
SQ +.44 (15.00) +3.02%
WOW! That’s a whopping 300% more than yesterday. Remember, yesterday (Thursday) had no stocks on the list. What does that mean? I have no idea but I liked putting that in there. Breadth had 35 issues up, 14 down and 0 unchanged.
For the week, the NASDAQ fintech index jumped up 37.47 points to close at 1093.45 which equates to a nice +3.5% gain this past week. And (drum roll please), an new all time high. Short week, new highs. Cool.
Let see which stocks in the KFTX moved + or – 3% on the week.
ADS +3.11% (236.32)
ENV +3.52% (36.75)
FDC +8.51% (15.46)
FDS +5.89% (170.74)
FLT +4.90% (148.40)
GDOT +6.32% (25.07)
GPN +6.75% (74.45)