Wednesday, December 13, 2006

Standout Stocks

My Stock of the Day is Ansoft Corp. (ANST)

This is a software company that makes electronic design automation software. The stock has been holding up very well of late, improving its relative strength. It also has been forming a bullish looking chart pattern known as a cup-and-handle.

This formation has been in the works for roughly 8 weeks, a good amount of time for a consolidation. The stock appears poised to break out from these levels soon. It's 52-week high is 28.60. I think any near-term breakout will lead to new highs.

Price/volume activity and money flow has also been very positive.

Other stocks making notable, high-volume moves include:

  • GSOL

  • TS

  • CPA

  • MIKR

  • GIFI

  • CRVL

  • UAUA

  • ININ

  • COO

  • OXPS

  • ACLI

  • ALO

  • NCTY

  • DIOD

  • CSX

long ANST


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