The Lightning Rod
Want to know a good sign of possible higher prices in the future? One of the
best indications are large range outside days.
08:55:55
Still in Motion
This is a list of stocks whose strong momentum from Thursday may carry over to
Friday. These stocks not only had big percentage gains (or losses) but also
closed near the highs (or lows) of their intraday range. Unusual volume is noted
where applicable.
Gainers
Sulzer Medica (SM)
up 19% on 1300% average volumeCompania Anonima Nacional (VNT)
up 17% on 1700% average volume
Tech Data Corporation (TECD)
up 15% on 700% average volumeRange Resources Corp (RRC)
up 12% on 370% average volumeRoxio, Inc (ROXI)
up 10% on 370%
average volume
Roxio
(
ROXI |
Quote |
Chart |
News |
PowerRating) was listed in the Still in Motion post this morning
as a potential carryover candidate. A look at the daily chart before the open
shows a large range outside day on a substantial increase in volume.
Volume is even higher today, nearly five times average, as the
stock is following through.
If you are a short-term trader who likes breakouts, get into the
habit of checking out the stocks in the Still in Motion post.
Have a happy and safe Labor Day weekend!
Duke