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Barchart
Barchart
Will Ashworth

This Discount Retailer Just Fell to a 52-Week Low. Should You Buy the Dip?

Ollie OLLI TJX

President Trump extended the ceasefire with Iran indefinitely on Tuesday. As a result, the S&P 500 E-Mini futures (ESM26) were up more than half a percent in pre-market trading this morning, looking to rebound from yesterday’s lower close. 

As far as stocks hitting new 52-week highs and lows, the NYSE had 158 new 52-week highs to just 13 new lows; on the Nasdaq, the new 52-week highs outnumbered the lows 319 to 79, a sign that the move to risk-on assets last week has shown up in this week’s data. 

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