Tuesday’s Top Stocks
(RealTimeTraders) The major averages posted a
mixed performance on Monday, as the Nasdaq recorded a modest rally, but the Dow
finished slightly lower on the session. Stocks attempted to rebound early in the
day after last Friday’s profit taking, but a rise in oil prices and worries
about interest rates kept the markets in check.
The major averages ticked higher at the start of trading, reclaiming a portion
of the losses they posted during Friday’s profit taking. The advance lost steam
in the mid-morning, despite a better-than-expected reading from the ISM
manufacturing index. The early swoon took the Dow into negative territory and
brought the Nasdaq off its highs, and the broader indices spent much of the
middle of the day with a mixed performance.
Now, here are a few stocks to watch on Tuesday:
CIT Group attempted a break out. Remember, though, breakouts
don’t always work.
PW Eagle is in a similar position, but had a good volume spike today.
PW Eagle broke down on big volume. This stock could be headed lower.
PortaPlayer Inc. looks like it might rally from a pullback.
Comstock barely took out a recent high, but the volume was not
impressive.
Cree Inc. may be headed for a double top. Today’s volume was not
impressive at all.
California Pizza Kitchen is making a high level base. A breakout is
possible, but look for a volume increase for confirmation.
Brice Wightman