Momentum Wrap – Stocks Give Back Gains In Late Market Action

Posted by Ivanhoff
on December 12th, 2012

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.

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.

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