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Jonah Lupton: Memory stocks rebound from July lows showing strong correlation

Jonah Lupton: Memory stocks rebound from July lows showing strong correlation
Memory stocks rebound from July lows

Jonah Lupton, investor and market commentator at Social Media / FinTwit, highlights that memory stocks are collectively rebounding off their 50% Fibonacci retracement levels from the July lows.

He notes the sharp correlation among stocks such as DRAM, MU, SKHY, and SNDK, attributing the move to their inclusion in the same trade or investment theme.

Lupton previously selected NBIS as his sole long-term stock pick after an earnings review. He also noted the 54 percent rebound in TMDX following a Q1 earnings setback. His recent observations of memory stocks follow these earlier stock-specific calls.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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