Double Trouble

Double Trouble

February 16, 2007

The market strength is getting reflected in the number of breakouts today. There were 30 stocks up 4%. Lot of fresh breakouts worth researching more. While the individual stock level action looks interesting, the overall 100% plus number is stock around 360. When market jumps out of range the number should jump on either side. When markets make really strong moves the number climbs dramatically.

Around April 2006 there were around 1300 stocks up 100% from the 260 day low. More than 300 stocks were up 200% plus. The number peaked at that level and by July 2007 there were only around 120 stocks up 100% on more and then the market reversed. Compared to other rallies, this 7-8 month rally has lacked the vigor and has been more dominated by sector rotations and small moves.

Stocks which had 100% move in last 260 days from the low and which are up more than 4% on higher volume. Today's minimum volume is above 100000. To understand how to trade this see my earlier post "How to find a stock which makes 1500% move in a year".

Total Number of stocks with 100% plus move = 361
Total number of stocks up 200% or more = 85
Total 4% plus signals for today=30

AKS,Ak Steel Holding Corp (Google  Yahoo  Earnings  Chart) 
AVCI,Avici Systems (Google  Yahoo  Earnings  Chart) 
CAPA,Captaris Inc (Google  Yahoo  Earnings  Chart) 
CLRT,Clarient Inc (Google  Yahoo  Earnings  Chart) 
CRAY,Cray Incorporated (Google  Yahoo  Earnings  Chart) 
CVNS,Covansys Corp (Google  Yahoo  Earnings  Chart) 
CYTR,Cytrx Corporation (Google  Yahoo  Earnings  Chart) 
FORG,Forgent Networks (Google  Yahoo  Earnings  Chart) 
GES,Guess? Incorporated (Google  Yahoo  Earnings  Chart) 
ICGN,Icagen (Google  Yahoo  Earnings  Chart) 
JADE,Lj Internat Inc (Google  Yahoo  Earnings  Chart) 
LTS,Ladenburg Thalmann Finl (Google  Yahoo  Earnings  Chart) 
MFW,M&F Worldwide Corp (Google  Yahoo  Earnings  Chart) 
MOVI,Movie Gallery Inc (Google  Yahoo  Earnings  Chart) 
NAVI,Navisite Incorporated (Google  Yahoo  Earnings  Chart) 
NEXC,Nexcen Brands Inc (Google  Yahoo  Earnings  Chart) 
PRGX,Prg-schultz Intl Inc (Google  Yahoo  Earnings  Chart) 
SHS,Sauer-Danfoss Inc (Google  Yahoo  Earnings  Chart) 
SOFO,Sonic Foundry Inc (Google  Yahoo  Earnings  Chart) 
SPAR,Spartan Motors Inc (Google  Yahoo  Earnings  Chart) 
TAG,Tag-It Pacific Inc (Google  Yahoo  Earnings  Chart) 
TALX,Talx Corporation (Google  Yahoo  Earnings  Chart) 
TTG,Tutogen Medical Inc (Google  Yahoo  Earnings  Chart) 
TVL,Lin Tv Corp (Google  Yahoo  Earnings  Chart) 
TWW,Terremark Worldwide Inc (Google  Yahoo  Earnings  Chart) 
URZ,Uranerz Energy Corp (Google  Yahoo  Earnings  Chart) 
VCLK,Valueclick Inc (Google  Yahoo  Earnings  Chart) 
VII,Vicon Industries Inc (Google  Yahoo  Earnings  Chart) 
XING,Qiao Xing Univ Telephone (Google  Yahoo  Earnings  Chart) 
XOMA,Xoma Ltd (Google  Yahoo  Earnings  Chart)