Big Is Small
The 100
has been distributed seven times over the past three weeks.
No surprise there, given the much
better performance accorded smaller fry and their mid-sized brethren.
It’s the big stocks that institutions
continue to unload.
Within the list, some of the casinos
are in the process of, or have recently, broken out.
Most of these are smaller, illiquid
issues, too small for this space to concern itself with.
Recent new issue IXIA
(
XXIA |
Quote |
Chart |
News |
PowerRating),
mentioned two weeks ago as it was breaking out, has held its own of late as it
forms a three-week pattern.
A stock like IXIA that goes public in
a bear market, runs up 58% on its opening day, then manages to not only cling to
its gain but heap on an additional 75% over the ensuing three-plus months, is
saying something.
Precision Drilling
(
PDS |
Quote |
Chart |
News |
PowerRating) idled on
lighter flow two days after breakout.
Remington Oil
(
ROIL |
Quote |
Chart |
News |
PowerRating) is near the
top of its six-week base.
Starbucks
(
SBUX |
Quote |
Chart |
News |
PowerRating) broke out of a
12-week base, was distributed, and closed below the lip.
Tenet Health
(
THC |
Quote |
Chart |
News |
PowerRating) is working on a
six-week range.
Tidewater
(
TDW |
Quote |
Chart |
News |
PowerRating) eased on lower
turnover following Wednesday’s failed breakout.
Tyson Foods
(
TSN |
Quote |
Chart |
News |
PowerRating) sets up.
Stalwart grower Chico Fas
(
CHCS |
Quote |
Chart |
News |
PowerRating)
is well up the right side of its base.
Baker Hughes is forming a base on top
of a base.