Momentum Wrap – Cyberonics Breaks Out to New All-Time Highs

• Posted by Ivanhoff
• on January 8th, 2013

New Highs

 27 New All-Time Highs among stocks that gained 1% or more. Some of the largest gainers: PERI TISI SIG CELG CYBX SBY ACHC BBSI LOV PMT

92 Stocks reached new 52-week highs while appreciating 1%+ on Monday. Some of the notable movers include:

• After spending almost two months in tight consolidation, $CYBX finally broke out to new all-time highs. This is what happens in bull markets – eventually all decent looking setups break out. Not all of them follow through though.

• There have been quite a few breakouts in all medical industries lately – from drug manufacturers, to biotech and medical equipment: $MDCO $CELG

• Another day, another 52-week high for airlines. All of them look quite extended: $LCC $RJET $ALK

• The consolidation in the satellite image industry is doing wonders for $DGI and $GEOY

StockTwits 50 Notables

• $LNN broke out to new 52-week highs on strong earnings

• Software and cloud stocks are showing notable relative strength: $MANH $RAX $CRM

• 3D printing stocks $DDD and $SSYS finally fell the under pressure of profit taking. Both need time to consolidate and build new bases

• New multi-year closing highs: $CYBX $ACHC $LNN $RNF $ARMH $V $SIRO

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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