Momentum Wrap – Biotech, Medical Instruments And Drug Stocks Are Rallying

on December 11 | in Daily Update | by

New Highs

21 All-Time Highs among stocks that gained 1% or more: ODC, CRM, ATOS, NTK, GILD, CHMT, MPLX, BBSI, CELG, NSR, MCK, ALK, MMS, TRS, CMN, ASR, CFX, GEOS, VAR, BKW, TREE

73 stocks reached new 52-week highs while gaining at least 1%. Some of the notable movers include:

  • Healthcare groups are on fire. Biotech, medical instrument and appliances, drugs are all breaking out: $GILD $VAR $THOR $CSII
  • As oil hovers near 5-month lows, regional airline stocks continue to surge: $ALK $LUV
  • Semiconductors continue to recover and stage breakouts after tough September and October: $CREE $MIPS $ADI

StockTwits 50 Notables:

  • All eyes were on $CRM as it cleared all-time highs. Obvious setups simply work in the beginning stages of market recovery. $BAC proved it last week too;
  • Just when $N looked vulnerable below its 50dma, it staged a massive rally and now it is not too far from its all-time high; $N continues to be an appetite acquisition target for many;
  • $ISRG looked a little broken last week, but it managed to recover nicely over the past two days. It is always positive to see high price-tag stocks to rally as it signifies institutional involvement;
  • $LULU continues to consolidate after its earnings move. It is very close to a breakout.

related posts