Monday, April 23, 2007

Standout Stocks

My Stock of the Day is Flamel Tech (FLML).

This is a nanotech stock that had a fabulous run last fall. The stock peaked in early February, and has been undergoing a correction.

The stock hasn't broken back above its overhead 50-day resistance yet, but its getting very close. Volume is strong today, and the stock looks like it has completed its correction. I would not be surprised to see this stock penetrate its resistance and enjoy a nice little run.

Other stocks making notable, high-volume moves include:
  • Rising Stocks

MTOX, CNH, HAS, RS, JASO, ROCM, ASD, PPD, ZUMZ, CELG

  • Falling Stocks

LDSH, KNSY, ASF, GFIG, AZN, ABN, ZRAN, COF, IGT

The market is trying to hang in from a bout of profit taking, and a fairly big spke in oil today. Volume is running pretty light, which is a plus. And bond yields are lower, with the 10-year at 4.65%. Investor sentiment guages are roughly in neutral territory.

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