The market edged down around noon on Monday. Nasdaq was down about -12 or 0.55%. Decliners outpaced advancers 2 to 1 on the Nasdaq and 19 to 12 on NYSE. The up to down volumes are about 5 to 3 on NYSE and 2 to 1 on Nasdaq. The good news is the volume is relatively as compared to the typical trading day.
Stocks worth considering within my up momentum criteria are:
(OXPS), mentioned from the previous posts. It is in the option trading business. It past thru the new high with very high volume. it was named Inc. Magazine's 2005 'Inc. 500' Lists Among Top Ten Fastest Growing Firms back in late October.
(NWRE), another strong stock in the computer thin-client business. I traded this one for
(LOJN) about 1 1/2 week ago. (LOJN) is a slight better performers at the time when I exchanged. Still this stock looks to go higher in the coming days.
(CUTR), mentioned numerous times, the top 5 IBD named stocks. It had a tremendious earning report last quarter. I believe more upside for this stock to come.
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