Momentum Wrap – More 3D Printing Highs
- Posted by Ivanhoff
- on November 28th, 2012
In Spotlight: Stratasys, Inc ($SSYS)
3D Printing stocks $SSYS and $DDD continue to surprise the biggest optimists and the biggest pessimists. The more their short interest rises (25% of $DDD’s float and 13% of $SSYS), the more their stocks seem to appreciate. It is really hard to short concept stocks, because they don’t trade on valuation, but based on perceptions for future potential.
52 Stocks Reached 52-week highs while appreciating 1% or more today. Some of the notable movers include:
- Apparel stocks that offer products for every pocket like $HBI $PVH $COLM are clearing 52-week highs. The consumer is alive and spending or at least this is what the market is discounting
- $SWM breaking out to multi-year high and you thought that paper is so 20th century
- $PSX and $CVI – refiners continue to outperform and many of them are up 20% or more since Sandy hit the East coast
- $SFUN – Chinese ADRS are coming back to fashion
- $WHR – all those housing recovery headlines have been a blast for laundry machines sales.
- Chinese ADRs $QIHU and $FMCN were among the best performers today
- 3D printing stocks $DDD and $SSYS have been on the St50 list forever and continue to make new highs; they could use some form of consolidation here
- Guns $RGR and $SWHCare hotter than ever; Special dividend + Obama reelection seem to be the intermediate catalysts that drive the move her
- Organic food retailer $TFM dived 15% after missing earnings. The trend here is broken for now and it will take a long time to heal
- $CRAY and $CVLT followed through on their recent breakouts
- $ARMH has gone parabolic ever since its Oct 23rd earnings breakout; this one needs some break too.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus