Three US Stocks See Bullish Momentum Shift
Recent Altra Score changes show Lumentum (LITE), Agilent (A), and Danaher (DHR) shifting bullish, reflecting improving market breadth across US equities.
- Visit the stock pages: LITE, A, DHR
- Sector USTECH , which ranks #2 for Relative Strength (Altra Sector score of 62.0 with bullish regime.)
As the US market shows signs of improving breadth—with the Altra Market score currently at 60.9 and indicating a need for selective focus on high-quality setups—several individual stocks have demonstrated notable shifts in momentum. The Altra Score, a proprietary metric ranging from 0 to 100, measures a stock's momentum based on EMA alignment and RSI trends across daily, weekly, and monthly timeframes, with higher scores signaling stronger bullish momentum. Concurrently, the Altra Market score reflects overall market breadth by tracking the percentage of stocks above key EMAs, while the Altra Sector score provides sector-level momentum and a relative-strength rank against peers. In the current environment, Lumentum Holdings Inc. (LITE), Agilent Technologies (A), and Danaher Corporation (DHR) have each seen significant momentum upgrades.
Lumentum Holdings (LITE) Signals Bullish Turn
Lumentum Holdings (LITE), a key player in the US Tech sector, experienced a significant shift in its Altra Score, moving from a Bearish 38.8 to a Bullish 60.0. This momentum upgrade comes as the US Tech sector itself maintains a strong position, boasting an Altra Sector score of 62.0 and ranking second overall as a 'Confirmed leader, accelerating.' LITE's technical posture supports this bullish turn: its price is currently positioned above its key Exponential Moving Averages (EMAs), a classic sign of upward trend. Furthermore, its weekly Relative Strength Index (RSI) is a healthy 55.0, with the monthly RSI at a robust 82.0, indicating strong underlying momentum on longer timeframes. The stock also registered a bullish 8-week/30-week EMA crossover in December 2023, reinforcing its long-term trend. The top_down_aligned status as true suggests a consistent momentum profile from the broader market down to the individual stock, making its recent Altra Score jump particularly noteworthy within an already strong sector backdrop.
Agilent Technologies (A) Moves to Strong Bullish
Agilent Technologies (A), a prominent name in the US Healthcare sector, saw its Altra Score surge from a Neutral 52.4 to a highly bullish 89.8. This substantial increase places Agilent in the Strong Bullish category, indicating robust upward momentum. While the US Healthcare sector's Altra Sector score stands at a neutral 58.0, ranking third and identified as 'Not yet confirmed, gaining relative strength,' Agilent's individual performance stands out. The stock is trading above its key EMAs, suggesting positive short-to-medium term price action. Its daily RSI of 57.38 and weekly RSI of 56.0 show healthy, non-overbought conditions, providing room for potential further upside. A bullish 8-week/30-week EMA crossover was observed in September 2023, signaling a foundational positive shift. However, unlike Lumentum, Agilent's top_down_aligned status is false, implying that while the individual stock's momentum is strong, it may not be fully synchronized with a consistently strong sector or market texture, suggesting a need for focused observation of its relative performance within a still-developing sector context.
Danaher Corporation (DHR) Joins the Bullish Ranks
Also within the US Healthcare sector, Danaher Corporation (DHR) transitioned from a Bearish 39.5 to a Bullish 64.6, marking a clear positive shift in its momentum profile. Like Agilent, Danaher benefits from its price trading above key EMAs, a common indicator of a developing uptrend. Its daily RSI of 60.8 further supports this, suggesting increasing buying pressure without being overextended. The weekly RSI at 52.09 indicates sustained interest over a longer period. Danaher also recorded a bullish 8-week/30-week EMA crossover in September 2023, aligning with Agilent in this foundational long-term signal. Similar to Agilent, DHR's top_down_aligned status is false, reinforcing the nuanced situation within the US Healthcare sector. Despite the sector not yet being 'Confirmed' as a leader, both Agilent and Danaher are demonstrating strong individual momentum, suggesting that internal strength may be driving these moves even as the sector overall is still in a phase of gaining relative strength.
What is the Altra Score? The Altra Score is AltraOne's proprietary momentum score for individual stocks, ranging from 0 to 100. It measures EMA structure and RSI momentum across multiple timeframes. A score above 60 is Bullish, below 40 is Bearish, and 40–60 is Neutral. The score is updated every trading day after market close based on end-of-day data.
Explore the full Signal History on AltraOne to see every EMA crossover signal across your watchlist — going back 52 weeks. The weekly EMA crossover is AltraOne's highest-conviction intermediate momentum signal; the Signal History page lets you track how these have played out over time.
Altra Score is a momentum indicator reflecting EMA alignment and RSI trend across daily, weekly, and monthly timeframes. It is not investment advice. Past momentum does not guarantee future performance. Please consult a SEBI-registered advisor before making investment decisions.