The market trades sideway on Friday around 2:00 pm. The market is in digestive mode from yesterday's massive up momentum move. Nasdaq is down about 1 points, NYSE is down 1. The advancers to decliners ratio Nasdaq (12 to 17), and 18 to 14 on NYSE. The up to down volumes are 6 to 5 on Nasdaq and 6 to 5 on NYSE. Volume looks to be lighter than yesterday. Overall the market is quite healthy.
Stocks worth mentioning are (more stock ideas from my private alert list):
(DBRN), winner for the past few days. It is operator of specialty store which offers in-season, career, and casual fashion apparel, including shoes and accessories to the working women. It continues its higher high trading moves from past few sessions.
(MORN), briefly mentioned as a stock to watch back in early November. It is in the collection, analyzing, and sale of financial information regarding mutual funds, variable annuities, and equity securities business. It is back above its 10/20 days moving averages with higher than normal volumes.
(LOGI), a news driven stock marched past its new 52-week high. It teamed up with Skype to offer free video call on the net. Skype was purchased by eBay couple months ago. (LOGI) is the business of designs, manufactures and markets personal peripherals. Today volume is about 500% more than normal trading days.
(OVTI), a semicondutor manufacturer specilized in image sensors. Its flagship product is the CameraChips. It reported earning well above estimates.
No comments:
Post a Comment