Momentum Wrap – ‘The eBay Of Latin America’ Pops Higher

on March 11 | in Daily Update | by

new highs March 11

New Highs

45 new all-time highs among stocks that gained 1% or more: PAMT CSII GV CLVS IRWD PCRX MPLX MAIN CEO DK HHC …

149 new 52-week highs among stocks that gained 1%+ today. Some of the notable movers include:

  • Anything related to healthcare has been on fire lately: medical equipment ($CSII, $PAMT), drug manufacturers ($PCRX), long-term care facilities ($CSU), hospitals ($LPNT, $HMA)
  • Homebuilders ($KBH), real estate developers ($HHC), property insurers ($L) are perking up again

StockTwits 50 Highlights

  • $CSII had a failed breakout earlier last week, but it returned with vengeance today, blowing through new all-time highs and gaining over 16%
  • $MELI, which is a new addition to the list, showed incredible strength and it seems headed for the $100 mark
  • Obviously, the recent abnormal insider selling in Michael Kors has made a dent in investors’ confidence, as $KORS dropped another 5% today. It seems headed for its rising 200dma.

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