spmo stock price has posted a 1.5% gain over the last month, outperforming the mid-cap index. This relative strength is drawing attention from momentum-focused traders who seek assets benefiting from solid earnings outlooks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 363.5% since May 2014, beating its benchmark by 208 percentage points ( see more details here ). SPY and SPMO both hold large-cap U.S. stocks based on the S&P 500. SPY’s market-cap weightings lean towards large technology companies like Apple, Microsoft and NVIDIA. 31.97% of SPY is concentrated towards technology but also includes allocations from lower-performing industries. The recent chart pattern for spmo stock price is forming an ascending triangle, commonly associated with bullish continuation. If volume surges past the average daily of 1.2M shares, a breakout toward $42.50 could be in play this week.
