Thursday, January 18, 2007

Standout Stocks



My Stock of the Day is actuall the Semi ETF (SMH).


After looking like the semis might break out over triple tops recently, the group has reversed course.


This ETF is getting hammered today for roughly -3.8% on the heels of the earnings report and guidance from LRCX, and investor caution with regard to the whole industry.


The stock gapped lower this morning, and broke through both its 50-day and 200-day moving averages, leaving key support behind. It now looks like the semis will have their work cut out for them, and could be in for a more prolonged correction. Let's hope this is not indicative of what is in store for the overall tech sector.


Other stocks making notable, high-volume moves today include:


  • LOGI

  • CEN

  • TAM

  • EMS

  • JCP

  • ANF

  • CAI

  • SMTS

  • VSEA

  • LRCX

  • NITE

  • NVEC

  • MOH

  • CYMI

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