Momentum Wrap – Notable Surge In Volatility
- Posted by Ivanhoff
- on March 21st, 2013
24 new all-time highs among stocks that gained 1% or more: NICK FET BXE KUB BFAM N KMR GEL EPD ACHC JCOM
58 new 52-week highs among stocks that appreciated 1%+ today. Some of the notable movers include:
- Shipping stocks woke up today. $DSX cleared new 52-week high.
- There was a notable pickup in volatility in the momentum universe, which usually is a good reason to cut position size down.
- 3D-printing stocks showed some RS, but their technical setups are still far from desirable: $SSYS and $PRLB
- NetsuitE ($N) cleared new all-time highs
- It seems momentum stocks are getting taken out one by one. Seven St50 members dropped 2% or more today: $KORS $AMRH $SWFT $JAZZ $CRAY …
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