Growth Stock Bulls Beware.
The Bear’s dominance shows with multiple distribution days on the major indexes, which are trending under their 50-day moving averages.
The Sell Bias here holds, at least for the next ten days, until after after the election. Markets hate uncertainty. And that’s what this pre-election environment is. It wouldn’t be surprising for the tight price range established in September to stay intact. But volatility may turn up as trading desks remain anxious.
Yirendai Ltd. (YRD) is the lone qualifier for this week’s screen for top growth stocks.
This China-based online market place for lenders and borrowers to meet is trading with a $1.7B market cap, and posts YOY revenue growth of 123% at $323M, with earnings growth up more than 200% on net income of $85M.
Aggressive buyers might see a pivot breakout point at 32.10.