Momentum Wrap – Biotech Stocks On Fire

on March 27 | in Daily Update | by

new highs March 27

New Highs

54 new all-time highs among stocks that gained 1% or more: AXDS ADUS VIPS GILD BCC HY N SPSC SUSS KEYW

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

  • Notable relative strength in biotech stocks. The index $IBB just cleared new all-time highs, followed by $BIBB and $GILD.
  • Most of the agricultural chemical stocks have been pummeled in the past month or so, but Monsanto ($MON) just cleared new 3yr highs after settling a patent dispute with Dupont.
  • ¬†Greece might be bankrupt, but Greek shipping stocks continue to pop up to new 52-week highs: $DSX $CPLP

StockTwits 50 Highlights

  • $N And $FNGN cleared new all-time highs
  • $KORS bounced from its rising 100dma
  • $PRLB continues to be the strongest 3D-Printing stock in 2013 and closed right below its next momentum pivot. If it clears $50, it is likely to test its all-time highs
  • $CVLT, ranked N1 on the list, is setting up again

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