Momentum Wrap – Over 40 New All-Time Highs

on December 18 | in Daily Update | by

New Highs

44 All-Time Highs among stocks that gained 1% or more. Some of the biggest percentage gainers: RAX DDD FANG CVLT RDEN INFI TMH MIDD

168 New 52-week highs among stock that appreciated 1% or more. Some of the notable movers include:

  • More housing-related strength. Homebuilders $LEN $MHO $PHM  $RYL, construction materials: $TXI $CX $NX
  • Market is betting on a strong consumer. Auto makers $TM; auto parts $MGA; auto dealers $SAH and car rental svs stocks $CAR, are making new 52-week highs
  • Crude oil might be near 5-month lows, but there are a few oil names have been breaking out lately  and I am not talking about refiners: $HERO $GPOR $FANG $BCEI


StockTwits 50 Notables

  • Needless to say, breakouts were all over the place. It is getting a little frothy out there. Don’t get complacent and chase extended names. Rotate capital to fresh breakouts
  • 11 New all-time highs on the list: $RAX $DDD $CVLT $RDEN $V $MA $CRM $MIDD $DPZ $IFF $N
  • 3D printing stocks $DDD and $SSYS led the way and both of them are already up more than 10% for the week
  • After consolidating in October and November, homebuilders are clearing multi-year highs: $LEN $PHM
  • $RAX failed to break out on Monday, but it was merciless on Tuesday and advanced 5%+
  • $TASR is probably the only gun stock that looks technically sound. It is finding buyers near its rising 50dma


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