Momentum Wrap – Over 40 New All-Time Highs
- Posted by Ivanhoff
- on December 18th, 2012
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
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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