Dec 4: 1 Strong Theme — Defense & War

December 4, 2019 · #Defense & War

1 strong theme — 1 recurred. Top: Defense & War +10.5%.

Strong themes1 Top change+10.5% LeaderSpeco

Average change by strong theme

Average change of member stocks, by theme · descending
Defense & War
+10.5%

Theme leaders · recent trend

The line is the trend; the end-point colour is the last trading day's direction. Stocks without enough price history show as -
ThemeLeaderChangeTrend
Defense & WarSpeco+18.58%

Defense & War was the strong theme of the Dec 4, 2019 session, with all 3 of its stocks closing higher. The group posted an average change of 10.54%.

Speco led the theme with a gain of 18.58%, closing at 3830. Victek rose 6.64% and Formetal 6.4%. Victek traded the most shares, at 21156514.

The theme came back after a gap of 112 days, starting a new streak of 1. News on the day pointed to Speco’s third-quarter results, including sales growth of 67.3%.

Today’s Strong Themes at a Glance

#ThemeStatusAvg. changeUp/TotalLeader
1Defense & Warrecurred after 112 days+10.5%3/3Speco

Theme by Theme

1. Defense & War (recurred after 112 days)

StockChangeCloseLeader
Speco 013810+18.6%3,830★
Victek 065450+6.6%3,130
Formetal 119500+6.4%3,160

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Closing Thoughts

The next question is whether Defense & War extends its streak past 1 session or fades after a single day. Breadth across its 3 stocks will show how widely the move holds.

Volume is the other gauge to track. Formetal traded just 631348 shares, against 16821096 for Speco. It remains to be seen whether participation spreads beyond the leader.