Watching the movement
The last few days have seen some strong buying. I chalk most of it up to pre-earnings excitement as well as post-Bernanke relief. It was as if the market had held its breath.
The positive movements seem to be picking up a bit
GHL - Up 4.5% in 2 days. And on strong volume. I think we might be breaking out at last. It hit a new high and closed near that high.
GRP - stuck in a range, which I don't like to see given the oil price strength. I see it softening again before finally breaking through resistance at $44.
JLG - Up 4% in 2 days and on strong volume. It is close to its 52 week high.
JOYG - Up 6.5% in 2 days on incredibly strong volume. Set a new 52 week high and stayed close to it.
MDR - Up 4% in 2 days and on strong volumes. Also close to its 52 week high. It looks ready for a run up.
TIE - Up 6.5% in 2 days. I don't think that this is a commodity sector play per se. Gold rose much less than TIE in the same period. This isn't speculation but actual shortages.
MRVL - It was up ~5.5% on Monday before sagging back down. It just doesn't have the support, which is strange because everything I see says that it's a screaming buy. The only thing I can imagine is that sales to Apple are sluggish (which coincides with Apple's weakness).
STX - Up 15% in 1 week. Up 6% today alone. Volume was more than 2x the average volume. Considering that it finished near it's 52 week and stayed near its high for the day, I think STX is going to break out.
TRID - Nothing. Nada. After rising 100% in 6 months, I still think TRID has git the muscle.
TEVA - Up 4% in 2 days. The FDA reported today that generic drugs are an economic positive because they bring down costs. Well, thanks for wasting taxpayer money proving the obvious. With 800 generics getting the slow track at the FDA, this report is a play for more resources to speed up approvals. TEVA has spent over 3 months trading in a narrow range ($41~$44). Not surprising after a 6 month 50% rise. It's catching breath before going on anothe rrun.
NTRI - After a 10% rise last week, NTRI held on to it's gains. That's a very important sign of investor strength.
The positive movements seem to be picking up a bit
GHL - Up 4.5% in 2 days. And on strong volume. I think we might be breaking out at last. It hit a new high and closed near that high.
GRP - stuck in a range, which I don't like to see given the oil price strength. I see it softening again before finally breaking through resistance at $44.
JLG - Up 4% in 2 days and on strong volume. It is close to its 52 week high.
JOYG - Up 6.5% in 2 days on incredibly strong volume. Set a new 52 week high and stayed close to it.
MDR - Up 4% in 2 days and on strong volumes. Also close to its 52 week high. It looks ready for a run up.
TIE - Up 6.5% in 2 days. I don't think that this is a commodity sector play per se. Gold rose much less than TIE in the same period. This isn't speculation but actual shortages.
MRVL - It was up ~5.5% on Monday before sagging back down. It just doesn't have the support, which is strange because everything I see says that it's a screaming buy. The only thing I can imagine is that sales to Apple are sluggish (which coincides with Apple's weakness).
STX - Up 15% in 1 week. Up 6% today alone. Volume was more than 2x the average volume. Considering that it finished near it's 52 week and stayed near its high for the day, I think STX is going to break out.
TRID - Nothing. Nada. After rising 100% in 6 months, I still think TRID has git the muscle.
TEVA - Up 4% in 2 days. The FDA reported today that generic drugs are an economic positive because they bring down costs. Well, thanks for wasting taxpayer money proving the obvious. With 800 generics getting the slow track at the FDA, this report is a play for more resources to speed up approvals. TEVA has spent over 3 months trading in a narrow range ($41~$44). Not surprising after a 6 month 50% rise. It's catching breath before going on anothe rrun.
NTRI - After a 10% rise last week, NTRI held on to it's gains. That's a very important sign of investor strength.
posted by Andrew at
9:36 PM
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