The market is still continuing its uptrend journey today. It is up about +11 pts on Nasdaq, +7 on NYSE. The up momentum is still intact. The volume is pale compared to yesterday's volume, probably to due to the day before Thanksgiving holiday. The advancers to decliners are about 3 to 1 on both exchanges.
Stocks to Watched Today (more from my alert service):
(LOJN), another of my previous and holding favorites, see previous blogs. Another new high for this auto-thief prevention products company. Earning has been up for the past few quarters. New products are introduced to the market place, such as anti-thief computer locks, etc. Higher volumes on the up days, and lower on the down days. Another great up momentum sign.
(CWTR), volume has picked up a lot today, about 700% more than normal. It is a retailer of women's apparel, accessories, jewelry, and gift items. The advance move up today is contributed to its earning announced last night and the Cramer effect. Another reason is probably the X'mas holiday shopping season is near, many analyst expected a good X'mas for many retailers.
(NDAQ), this stock has been marching to new highs for the past few months without any correction. The stock is very extended, but the up momentum is unstoppable.
(AKAM), another new year high for this delivery of content and business processes over the Internet company. It had massive volume yesterday after the analyst upgrade. Wait for the entry point for this one. You will be rewarded if you get into this one. If it breaks $20 at a closing price, it is worth while to take a small position.
Happy Thanksgivings to all my readers. Wish you have a very nice gain in the holiday seasons to come.
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