Momentum Wrap – Cisco, Xerox and JP Morgan Make New 52-week Highs

• Posted by Ivanhoff
• on March 6th, 2013

New Highs

46 new all-time highs among stocks that gained 1% or more: AEGR OILT GRA EVER DXPE SAAS NEO SBH CHTR EOPN FIVE BKW

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

• The same groups continue to lead: Scientific and Technical instruments ($XXIA, $BMI, $FLDM) and staffing agencies ($BBSI $TBI) made new highs

• Fast food stocks are still hot: $PZZA and $BKW cleared new all-time highs; Even, the elephant in the group, Mcdonalds ($MCD) is setting up

•  Notable breakouts in regional banks: $STT $TFSL $CFNL…The big dog $JPM also cleared new 52wk highs. Financial in general outperformed.

• Old tech, Xerox ($XRX) and Cisco Systems ($CSCO) reached new 52-week highs for the first time since 2010

StockTwits 50 Highlights

• $XXIA, $EOPN, $OPEN, $EVER cleared new multi-year highs

• $DDD, $CSII, $EBAY were the weak links and deteriorated further

• $FEIC, $V, $GWRE are setting up for a new breakout

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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