Momentum Wrap – LinkedIn Breaks Out To A 3-Month High

on January 10 | in Daily Update | by

new highs jan 10

New Highs

 52 New All-Time Highs among stocks that gained 1% or more. Some of the largest gainers: WD FANG CBPO URBN BLMN CVI VIPS TMH RNF AZZ

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

  • Market rotation continues as different set of stocks is breaking out every day. On Thursday, we had a restaurant ($BLMN), biotech ($RPRX), semiconductor ($NXPI), security software ($SYMC), apparel store ($URBN), medical instruments ($PODD)
  • Refiners had their moment of weakness earlier this week, but it seem they are quite resilient. $CVI is back to all-time highs; $ALJ is also setting up;
  • Half of the European ETFs are at 52-week highs as the Euro gains against the U.S. Dollar – $EWI $EWP $EWN

StockTwits 50 Notables

  • $LNKD cleared new 3mo high on heavy volume and now it is less than 5% below all-time highs. Other social media stocks have been doing decent too. Even $FB
  • $CIB (Bancolombia) is approaching an important level of $70, which would also be an all-time high breakout from a 2yr base
  • $ARMH – the smart phones and tablet chips’ designer of the world, keeps making new highs
  • $CRM is still among the most hated stocks near all-time high with 12.5% of its float short. Watch for a potential short squeeze
  • $AZZ closed at all-time highs after raising guidance yesterday

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