Momentum Wrap – It is 2007 All Over Again – Oil and Solar Stocks Shine

on February 14 | in Daily Update | by

feb 14 highs

Indexes might be flat, but there wasn’t a lack of breakouts as money continues to rotate among different sectors.

New Highs:

66 new all-time highs among stocks that gained 1% or more: STZ HNZ CIMT EAC TYPE EQIX HGR ALDW PRAA SCTY KS NTI …

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

  • Oil & gas svs industry is on fire. Multiple breakouts in the group – $RIG $SLB  $HAL etc.
  • Solar stocks continue to shine. Monstrous 22% gain for $SPWR
  • Car rental stocks broke out on heavy volume: $CAR $HTZ
  • Buffett bought $HNZ and market immediately assigned higher multiple to a bunch of staples: $SJM $GIS. They’ve been on the new high list for awhile.
  • Other notable breakouts: $VCLK (digital marketing svs), $ECPG (credit svs), $VSI (supplements retailer), $ENOC (management applications for the smart grid)

StockTwits 50 Notables

  • 3D printing stock $DDD took a hit after another report from Citron. It seems to happen every five months with little success. $SSYS tested its rising 100dma.
  • $GNRC tested its 50dma in a typical sell “buy the rumor, sell the news” development
  • $QIHU followed up on yesterday’s relative strength and gained another 2%.

related posts