Standout Stocks

Here are some stocks making notable moves on high volume:

• QCOM - spikes to new highs; raised guidance yesterday
• RACK - more new highs for the energizer bunny stock
• WAG - positive Barron's article helping
• URBN - big bounce ahead of earnings tomorrow
• GILD - strong bounce off of 50-day
• WTW - pressure from secondary offer
• TECD - tepid outlook hurts stock
• CRDN - conern swirling about body armour demand
• SGDE - gaps below 50-day; earnings-related
• OXPS - breaks below 50-day; released recent performance metrics

Market Comments: The market has staged an impressive turnaround from this morning's lows. The SPX is putting in a potential outside day reversal, which is very bullish. Sentiment indicators were flashing a lot of fear this morning as the put/call ratio was well above 1.0. Oil is also dropping below the key $60 level, which should be a positive overall.

long URBN, WAG