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 volume      

  • Compania Anonima Nacional (VNT)
    up 17% on 1700% average volume           
     

  • Tech Data Corporation (TECD)
    up 15% on 700% average volume       

  • Range Resources Corp (RRC)
    up 12% on 370% average volume       

  • Roxio, 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