Low volume bounce

March 13, 2007

Market moved up on extremely low volume. Such moves are vulnerable to downside break. The recent earnings based breakouts like TSL and FSLR continue to act well. Solar energy plays and fertiliser stocks are witnessing some good action. But overall low volume makes the market vulnerable to sell of at some stage.

Market Monitor
Total 4% plus bullish breakouts=130
Total 4% plus bearish breakouts=39
65 day bullish/bearish ratio= 650/353
Stocks up 50% or more in a month=8
Stocks up 25% or more in a month=52
Number of stocks with 100% plus move =305
Number of stocks up 200% or more = 63
4% plus signals for 100plus universe=31
4% plus signals for 200plus universe=6

Select stocks which had 100% plus 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.

AKAM,Akamai Technologies Inc (Google  Yahoo  Earnings  Chart) 
ASTI,Ascent Solar Technologies Inc (Google  Yahoo  Earnings  Chart) 
AVT,Avnet Inc (Google  Yahoo  Earnings  Chart) 
BBI.B,Blockbuster Inc Class B (Google  Yahoo  Earnings  Chart) 
BDSI,Biodelivery Sciences Intl Inc (Google  Yahoo  Earnings  Chart) 
BDY,Bradley Pharmaceuticals (Google  Yahoo  Earnings  Chart) 
BTJ,Bolt Technology Corp (Google  Yahoo  Earnings  Chart) 
CIMT,Cimatron Ltd (Google  Yahoo  Earnings  Chart) 
COR,Cortex Pharmaceuticals Inc (Google  Yahoo  Earnings  Chart) 
CPA,Copa Holdings S.A. (Google  Yahoo  Earnings  Chart) 
CTIB,Cti Industries Corp (Google  Yahoo  Earnings  Chart) 
CYNO,Cynosure Inc (Google  Yahoo  Earnings  Chart) 
DLX,Deluxe Corp (Google  Yahoo  Earnings  Chart) 
FSLR,First Solar Inc (Google  Yahoo  Earnings  Chart) 
GIGM,Gigamedia Limited (Google  Yahoo  Earnings  Chart) 
HLIT,Harmonic Inc (Google  Yahoo  Earnings  Chart) 
LJPC,La Jolla Pharmaceutical (Google  Yahoo  Earnings  Chart) 
MDV,Medivation Inc (Google  Yahoo  Earnings  Chart) 
NXST,Nexstar Broadcasting Group (Google  Yahoo  Earnings  Chart) 
ORCH,Orchid Cellmark Inc (Google  Yahoo  Earnings  Chart) 
PRGX,Prg-schultz Intl Inc (Google  Yahoo  Earnings  Chart) 
RNO,Rio Narcea Gold Mines Ltd (Google  Yahoo  Earnings  Chart) 
ROCM,Rochester Medical Corp (Google  Yahoo  Earnings  Chart) 
SBGI,Sinclair Broadcast Gp A (Google  Yahoo  Earnings  Chart) 
SIGA,Siga Pharmaceuticals Inc (Google  Yahoo  Earnings  Chart) 
TAG,Tag-It Pacific Inc (Google  Yahoo  Earnings  Chart) 
TBSI,TBS International Limited Class A (Google  Yahoo  Earnings  Chart) 
TSL,Trina Solar Ltd. (Google  Yahoo  Earnings  Chart) 
UCTT,Ultra Clean Holdings (Google  Yahoo  Earnings  Chart) 
USAP,Universal Stain & Alloy (Google  Yahoo  Earnings  Chart) 
XIDE,Exide Tech (Google  Yahoo  Earnings  Chart) 

7 comments :

  1. JamesMar 13, 2007, 10:52:00 AM

    Which are the "fertiliser stocks" ?

    ReplyDelete
  2. Pradeep BondeMar 13, 2007, 10:59:00 AM

    TNH, TRA, POT, CF, MOS, AGU etc

    ReplyDelete
  3. JamesMar 13, 2007, 11:10:00 AM

    does the company's fundamental matters to you? Is it more or less important than the stock chart for you?

    ReplyDelete
  4. Pradeep BondeMar 13, 2007, 11:12:00 AM

    I do not follow charts.

    ReplyDelete
  5. JamesMar 13, 2007, 12:10:00 PM

    ah ok. so how do you know that "fertiliser stocks are witnessing some good action"?

    I'm just trying to understand how you do/know things. I'm a rookie and don't know much on the subject so that's why I ask. I hope not to bother you too much.

    ReplyDelete
  6. SurendraMar 13, 2007, 12:14:00 PM

    Do you have any suprise stocks for this week.

    ReplyDelete
  7. Pradeep BondeMar 13, 2007, 12:20:00 PM

    James
    Those stocks have had 100 to 200 plus move from 260 days low in last one year. Plus continue to move higher inspite of market weakness.

    Surendra
    JAS was today's earning play from earnings up list. It may not move much due to market environment and also because it is up since last earnings.

    ReplyDelete

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