New short term highs on the following stocks:
Symbol Last %Chg Industry
COV 45.95 0.42 Medical Instruments Supls
NOG 8.23 6.61 N/A
ACN 37.89 1.94 Management Services
AIT 31.95 1.69 Industrial Equip Wholesle
AKS 64.35 2.16 Steel And Iron
Showing upward momentum and strength in the last 4 trading sessions:
SPY - SPDR S&P 500 ETF
C - CITIGROUP INC
MU - MICRON TECHNOLOGY INC
IWM - iShares Russell 2000
ORCL - Oracle Corporation
WMT - Wal-Mart Stores Inc
RIO - COMPANHIA VALE
EMC - EMC CORP
XLE - Select Sector SPDR
MOT - MOTOROLA INC
TLAB - Tellabs, Inc.
NOK - NOKIA CORP
GM - GENERAL […]
The beat down of financial stocks has stopped for the time being. After JPM has now upped their offer for BSC to $10 from $2, most financials have rallied as indicated by the UYG:AMEX which tracks financial stocks.
Some new 52wk highs in the markets include WMT, BEAS, HCBK, GILD, NKE CSX, TJX and URBN.
The fed and Ben Bernanke acting early this time instead of simply reacting. An injection of liquidity prompted a rally in the financial sector, some of todays big movers where banking stocks:
Amidst weaker broader markets, pockets of strength keep making themselves known, attracting the attention of more active traders looking for some upside in the sea of red.
Buying strong stocks in a weak market is a time tested strategy, here is a partial list of stocks showing good short term upside momentum:
AMAT - Applied Materials
GLD - […]
ETFC (E*trade ETFC message board) has been providing day traders with volatility, today being no different. Many traders got on ETFC hoping to see the company being put up for sale in the $8 range. The new CEO has now stated that the company is not for sale.
ETFC has reacted by dropping down to the […]
With gold flirting with new highs, a number of new stocks making 52wk highs are mining companies:
AUY - YAMANA GOLD INC
GLD - streetTRACKS Gold
KGC - KINROSS GOLD CORP
CVA - Covanta Holding Cp
GDX - MKT VECT GOLD MNRS
USO - US OIL FUND ETF
AEM - AGNICO EAGLE MINES LTD
PHRM - PHARMION CP
BZP - BPZ Resources
CEF - Central […]
With a 200 point drop in the Dow, you would think stocks are doing badly, but that is not the case with this group of standouts that are not only holding ground, but gaining it. Money is flowing into these stocks:
Looking for some stock market for beginners tips? Here is one: Follow the money!
It is hard enough picking stocks based upon technical and fundamental criteria, what you also need are a lot of people to agree with your conclusiosn, thus resulting in a move in the stock. The reverse is also true, a move in […]
Sprint Nextel (S:NYSE Sprint message board) has fallen through the important $8 support this morning hitting a low of $7.75 on news of a big Q4 loss and cancellation of its dividend.
Other stocks on the watch in the big boards section include AMAT, NTAP, KLAC, JNPR, LEAP, BRCM and BEAS.
