Momentum Wrap – Stocks Give Back Gains In Late Market Action

on December 12 | in Daily Update | by

New Highs

7 New All-Time Highs among stocks that gained 1% or more: NATH HBNK CCI CRM AMT BBSI TU

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

  • Healthcare plans  stocks are breaking out: $CVH $CI
  • Construction stocks continue to show up on the 52-week high list: $PWR $GLDD
  • $AMT became a REIT to save on taxes and it still a hot stock. High-volume breakout today;
  • Casinos have been on fire recently and  $MPEL is at multi-year highs
  • Processed and packaged goods stocks – boring business, but there is some notable positive action there: $FARM $CAG

StockTwits 50 Notables:

  • $LULU attempted a breakout, but gave back gains late in the day as the general market reversed south
  • $KORS and $AZZ showed notable weakness and continue to look vulnerable
  • Homebuilders staged a comeback. They are among the best performers in 2012, so it will be interesting to see if they will benefit from any late-year window dressing.  $LEN is back above its 50dma
  • $INXN recovered decisively from its pullback in the first half of November and now its just 5% below its all-time high
  • $FNGN broke out to new 52-week high on strong volume.

 

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