Thursday, September 08, 2005

Midday Movers

Here is a partial list of stocks moving on above-average volume:
  • High-volume advancers: ARS, BRG, ASPM, FORD, PSYS, VIP, DXPE, ANR, AAPL, GLW

  • High-volume decliners: CRL, CCE, MRH, PRE, TOA, TTWO, HOV, CKEC, RNR, VAL


Market Comments: The Nazz has erased its early losses and it currently in positive territory. The SPX is off its early lows, and trying to claw its way back. I think a little more late-day short covering could do the trick.

Outside of chip stocks, which are all up nicely, its pretty much a mixed group of stocks that are up. I see a few retailers up, several energy names, a few healthcare plays, and lots of tech stocks. SYMC is back above its 50-day moving average, forming a constructive basing pattern.

long ANR, PSYS, SYMC

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