Momentum Wrap – Banks and Baby Boomers Stocks Hit New Highs
- Posted by Ivanhoff
- on March 7th, 2013
New Highs
45 new all-time highs among stocks that gained 1% or more today: USCR TIS CSU ANGI BCC PRIM BCEI TRIP MHH EPL COG …
138 new 52-week highs among stocks that gained 1% or more. Some of the notable movers include:
- Financial stocks shined today as the big players ($JPM) and the U.S. regional banks ETF ($ITA) cleared multi-year highs: $FHN $RF $STL
- Baby boomers stocks are back and making new highs again: long-term care facilities ($CSU, $ESC) and recreational vehicle stocks ($WGO, $HOG) had a good day
- I don’t know a single person that uses Angie’s List, but its stock just cleared new all-time highs and it is already a $1 Billion company. Only price pays. $ANGI
StockTwits 50 Highlights
- Most momentum leaders took a break on Thursday, which is only natural after the powerful moves many staged over the past few days.
- Notable weakness in $KORS (apparel), $GNRC (power generators) and $XXIA (scientific and technical instruments)
- This is $AZPN’s 42nd week on the St50 list and it is setting up again above its rising 20dma; So are $PRLB and PHM (homebuilder)
- $SBUX made new YTD high while 3D printing stocks $DDD and $SSYS recovered some of the lost ground earlier in the week
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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