Upside momentum may last for few days

Upside momentum may last for few days

March 7, 2007

There were only 21 downside movers yesterday. The overall bounce was good but lacked volume. Eager shorts are anticipating more downside, but it is likely that the bounce will have more upside.
There are number of stocks with good earnings bouncing back and they may offer good opportunities in few days.

Market Monitor

Total 4% plus bullish breakouts=262
Total 4% plus bearish breakouts=21
65 day bullish/bearish ratio= 567/361
Stocks up 50% or more in a month=6
Stocks up 25% or more in a month=47
Number of stocks with 100% plus move =269
Number of stocks up 200% or more = 53
4% plus signals for 100plus universe=23
4% plus signals for 200plus universe=13

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.

ACY,Aerocentury Corp (Google  Yahoo  Earnings  Chart) 
AOI,Alliance One International Inc (Google  Yahoo  Earnings  Chart) 
ARGN,Amerigon Inc (Google  Yahoo  Earnings  Chart) 
BIDU,Baidu.com Inc (Google  Yahoo  Earnings  Chart) 
BONT,Bon-Ton Stores Inc (Google  Yahoo  Earnings  Chart) 
BRKR,Bruker Biosciences Corp (Google  Yahoo  Earnings  Chart) 
CCOI,Cogent Communications Group Inc (Google  Yahoo  Earnings  Chart) 
CLAY,Clayton Holdings Inc (Google  Yahoo  Earnings  Chart) 
CLRT,Clarient Inc (Google  Yahoo  Earnings  Chart) 
FTEK,Fuel Tech Inc (Google  Yahoo  Earnings  Chart) 
GIII,G-III Apparel Group Ltd (Google  Yahoo  Earnings  Chart) 
HOTJ,House of Taylor Jewelry Inc (Google  Yahoo  Earnings  Chart) 
HURC,Hurco Companies Inc (Google  Yahoo  Earnings  Chart) 
IOSP,Innospec Inc (Google  Yahoo  Earnings  Chart) 
JAV,Javelin Pharmaceuticals Inc (Google  Yahoo  Earnings  Chart) 
JSDA,Jones Soda Co (Google  Yahoo  Earnings  Chart) 
MFB,Maidenform Inc (Google  Yahoo  Earnings  Chart) 
POZN,Pozen Incorporated (Google  Yahoo  Earnings  Chart) 
PRXI,Premier Exhibitions Inc (Google  Yahoo  Earnings  Chart) 
RICK,Rick's Caberet Intl (Google  Yahoo  Earnings  Chart) 
ROCM,Rochester Medical Corp (Google  Yahoo  Earnings  Chart) 
SIGM,Sigma Designs Inc (Google  Yahoo  Earnings  Chart) 
TNH,Terra Nitrogen Co L.P. (Google  Yahoo  Earnings  Chart) 
TRA,Terra Industries Inc (Google  Yahoo  Earnings  Chart) 
TWW,Terremark Worldwide Inc (Google  Yahoo  Earnings  Chart) 
VDSI,Vasco Data Security Intl (Google  Yahoo  Earnings  Chart) 
VII,Vicon Industries Inc (Google  Yahoo  Earnings  Chart) 
VTO,Vitro Sociedad Anonima (Google  Yahoo  Earnings  Chart)