Mixed Grill
A mixed day
any way you sliced it, but negative on
balance when you consider the Naz’s distributive behavior.
Intel
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INTC |
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PowerRating), an important issue
to watch at this juncture, hit a three-month high before backing off by day’s
end.
Oracle
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ORCL |
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PowerRating), another key name,
briefly traded at lows not seen in six weeks.
Among groups, the brokers,
historically a leading indicator of market direction, put in another good
outing…they’ve been one of the market’s biggest allies, suggestive of a
kinder, gentler interest rate environment later in ’00.
Cephalon
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CEPH |
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PowerRating) broke out of a
four-month base on heavy turnover.
Recent new issue Sonus Networks
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SONS |
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PowerRating),
a telecom gear play, cleared a two-week range to a new high.
Flyer Tibco Software
(
TIBX |
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PowerRating), up
159% in seven weeks, pulled back for the second day as it builds a lower-level
handle to go with its double bottom base.
Juniper continued carving a handle to
go with its three-month cup.
Rainbow Technologies
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RNBO |
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PowerRating) broke
out of a four-month base on dense activity, then failed, closing below the lip.
Ditto for Cor Therapeutics
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CORR |
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PowerRating).
Rambus
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RMBS |
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PowerRating) disappointed,
taking out the low of its wide handle.
Redback
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RBAK |
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PowerRating) remained in decent
shape in the wake of its swift downdraft of a week ago.
Art Tech
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ARTG |
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PowerRating), a big breakout
on Friday, came under distribution after running up about 12% intraday.