Momentum Wrap – Transport and Housing Related Stocks Still Lead

• Posted by Ivanhoff
• on March 18th, 2013

New Highs

25 new all-time highs among stocks that gained 1% or more: CBPO CHTR ADUS EDAC CZR MEOH BCEI SNAK

59 stocks reached new 52-week highs while appreciating 1%+ today. Some of the notable movers

• The transportation index was the first to recover from the gap down, led by regional airlines: $CPA $ALK

• The housing recovery theme continues to play out: $TGH (property insurance), $MTH (home building), $PRIM (heavy construction)

• Other notable breakouts: $CTGX   $SONC  $RAS  $TA

StockTwits 50 Highlights:

• Most stocks gapped down, quickly recovered in the morning and proceeded to pull back in the afternoon. 10 out of the 50 finished above their Friday’s closing levels;

• $SLCA (building and fracking play) found buyers near its rising 50dma and gained quick 5% on heavy volume. It recently had a secondary offering at $22, so it is important to hold above that level;

• Specialty chemical stocks continue to push higher, with $MEOH and $POL taking the lead;

• Trucking stocks are still hovering near 52-week highs. $SWFT is a fresh St50 addition;

• Homebuilders showed notable relative strength and continue to look good: $PHM $DHI.

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.

blog comments powered by Disqus