The market is trading in a very tight range on Thursday. Around 1:00 pm EST, Nasdaq is down about 1 points, S&P 500 is up about 2. The advancers to decliners ratio is about 1 to 1 on Nasdaq and 18 to 13 on NYSE. The up to down volumes are about even on both Nasdaq and NYSE. Volume looks to be lighter than the typical trading day. The bull is still no where to be found yet. Perhaps traders are not interested in picking up more positions.
Stocks worth mentioning:
(MFLX), is up about $8 around 1:00 pm EST Thursday. According to Yahoo Finance, it is in the design and manufacture of flexible printed circuit boards and value-added component assembly solutions for the electronics industry worldwide. It raised the quarterly guidance last night after close. It raised the 1st quarter earnings estimates to $15 million to $17.5 million, up from previous guidance of $11 million to $12.4 million. Added the stock's fire is the upgrade from the analyst of Morgan Stanley. The price target is raised from $42 to $50. I expect this one may hit $50 in the near future. The volume is 400% of normal volume. It is a bullish sign for the stock. This stock was mentioned in early November on my blog as a stock to be watched as well.
(CTRN), a retailer of urban fashion apparel and accessories in the US, is up $2 around 1:00pm EST. This stock has been very strong in the past few trading sessions. There is no news for this stock today. Volume has been increasing to the upside. It has very good up momentum. I would wait for a pull-back to the $38 level and may pick up a postition in it.
(SMTS), the medical device maker is down another $2 today after yesterday's $3 drop. It was mentioned as a sell yesterday. If you have not get out yet, I would wait for the dead cat to bounce, and then get out of the position. If $30 is broken, then I would just sell it.
No comments:
Post a Comment