Tuesday’s Stock Watch

Airline Index
(
$XAL.X |
Quote |
Chart |
News |
PowerRating), down 2.59% at 101.29.

Dow Jones  Transportation Average Index
(
$TRAN.X |
Quote |
Chart |
News |
PowerRating),
down 2.51% at 2802.65.

New 52-Week Highs Consolidations:

Banking – 69

Real Estate – 26

Diversified Services – 23

Consumer Non-Durables – 20

Insurance – 16

Leisure – 15

Automotive – 12

Materials & Construction – 12

Specialty Retail – 12

Wholesale – 12

Food & Beverage – 11

Manufacturing – 10

Consumer Durables – 9

Financial Services – 9

Retail – 9

Computer Software & Services – 7

Health Services – 7

Media – 7

Electronics – 5

Utilities – 5

Chemicals – 3

Internet – 3

Telecommunications – 3

Watch List Action:

New to our “handles” list is Ameristar Casinos
(
ASCA |
Quote |
Chart |
News |
PowerRating) as it moved down
3.84% on below average volume for a distribution day. The stock has met all of
our qualifications for an IT candidate, and has shone in the earnings
department with 999% and 900% earnings for the last two quarters respectively.
From the chart pattern, this looks to be in the early stage of its handle. 

Christopher & Banks Corp
(
CHBS |
Quote |
Chart |
News |
PowerRating) moved up 0.940% on below
average volume. As a new breakout, this is still looking healthy. 

We monitor the action of Recent Breakouts as an indicator of
the market health for IT traders. When breakouts are acting well, this is a good
sign for the likelihood of further sustainable breakouts. When breakouts are
failing, IT traders should be even more cautious.

Christopher & Banks Corporation
(
CHBS |
Quote |
Chart |
News |
PowerRating), up 0.93%
on below average volume.

Group 1 Automotive
(
GPI |
Quote |
Chart |
News |
PowerRating), up 0.81% on
low volume.

size=2>Multimedia Games Inc.
(
MGAM |
Quote |
Chart |
News |
PowerRating), up 5.13% below-average volume
for an accumulation day..

size=2>Panera Bread Co
(
PNRA |
Quote |
Chart |
News |
PowerRating), down 1.28% on
below-average volume.