After study of the stocks on the move + 2 watchlists from various place,
here's some interesting group pairings I found. I was researching each
stock individually because it broke out and kept noticing other stocks
from the same group that were also in the breakout list.
* moved at least 4% in price 50%+ in vol.
G3 *ACO, BHP [metal ores]
G5 *OYOG, *DRQ, FTK [oil & gas mach]
G6 *PCLN, NILE, EBAY [ecommerce]
G9 *DGII, *CSCO, JNPR [networks]
G13 *ROP, *CIR [machinery gen]
G25 *VMI, *BOOM [metal proc & fab]
G30 *ULTI, *CADA [software enterprise]
G32 *SIGM, *SMDI [elec semicond]
So, what does that tell us? I don't know. They're all in the top 32 of
197 groups and all breaking out at the same time. Looks like tech and
basic materials/commodities.
SIGM and ACO are cup&handle, most others are just new high/big vol.
I'll have to keep an eye on these. If this is the kind of stuff leading
this new rally, I want to be in it.
Thursday, August 09, 2007
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