Momentum Wrap – Enterprise Software Is Still Hot
- Posted by Ivanhoff
- on January 30th, 2013
New Highs
22 new all-time highs among stocks that gained 1% or more: CVLT LIFE BOFI TCAP BCEI LUX MSG RNF PRIM
67 new 52-week highs among stocks that appreciated 1%+. Some of the notable movers include:
- Who said that gaming stocks should be left for dead? $MGAM just cleared new 3yr high on monstrous volume
StockTwits 50 Notables
- Still a ‘market of stocks’ environment, but volatility is starting to perk up.
- Enterprise software is still incredibly hot. Strong earnings reports from $MANH, $AZPN and $CVLT sent their shares to new multi-year highs
- The good news stops here. The deterioration in the momentum universe continues. Ten St50 stocks lost 2% or more today. Market always leaves clues. We just have to listen: $KORS $MIC $SSYS $LEN $TASR etc.
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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