The market is trading mixed in the afternoon. It is trading close to the high of the today. It also reversed course in the late morning. Inflationary pressure is still on many traders' mind for the past two days. I would like to see if the market can stay positive with higher volume today. This will bring down the bear pressure if this scenerio holds.
(NVEC) is the star of the day again. It has been trading very violently in the past few sessions. There are many short positions on the stock with very small floats. It can run either direction in a heart beat. To avoid risk, I would stay away from this one.
Today's Stock Movers at 2:20 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(NVEC) 35.12 +3.65 +769
(MWRK) 41.19 +1.46 +226
(CHIC) 27.96 +1.34 +224
(GES) 44.00 +0.91 +109
(BRS) 38.26 +1.46 +106
Stocks Down:
(MATK) 22.08 -6.54 +3,649
(ICI) 27.79 -0.66 +413
(ERF) 54.45 -1.95 +356
(ARLP) 35.17 -1.21 +322
(SHPGY) 47.68 -1.97 +307
Tags: stocks midday
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