Before I write about week in review. I want to wish everybody a Merry Christmas!
The Nasdaq market is about unchange for the week. Last week was another week of market in consolidation mode. Biotech stocks had the most action this week after (AMGN) announced the buyout of (AGBX) at the end of previous week. With the market traded in a narrow range on lower volume last week, I expect the similar action this week. We may not a year-end rally this week because the momentum seems to be biased either up or down.
Stocks To Be Watched This Coming Week:
(ISRG), this stock had a very good upside momentum with good volume. It has a very chance breaking new high this week based on this week's action.
(RACK), there is a lot of upside action after market for this stock. It is in the business of making server systems. According to Yahoo Finance, it is in the design, development, marketing, and sale of compute servers and storage systems for scale out data center deployments. It had 8 million shares offering last month. It should have a very strong financial backing of the institutions. Its products are in hot demand. It has many valuable patents for its high demand products. A big plus for the company. It beat the estimate by a wide margin last quarter. I expect similar performance for this stocks when it announces earning this coming quarter.
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