Monday, April 03, 2006

Standout Stocks

Here are some stocks making notable moves today:
  • OPTC - surge to new highs; bullish 10-k
  • VICR - strong breakout to new highs
  • UIC - whole industrial group strong; getting extended
  • CLB - breakout to new highs; outlook raised
  • JOYG - commodity stocks strong; new highs
  • BBW - breaks below 50-day on volume
  • ASCA - sells off 6% on bidding war for Aztar
  • NICE - high volume breakdown
  • URGI - threatening 50-day support
  • EWBC - gaps lower on downgrade

Market Comments: The market is still positive, though it has sold off considerably from its intraday highs. Breadth on the Nazz is terrible with -770 net decliners. The put/call ratio is running at low levels, and the retail group has also sold off.

long EWBC


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