The market is trading slightly higher in the afternoon today and stablizing after two straight days of decline. Inflation is not a concern, a statement came from the FED chairman at midday brings the market back into range. The next few trading sessions will show us how the market will behave in the near term. I would still watch for leadership to form.
Small float stocks can be rewarding or damaging. A case in point, (PNTR) was up big yesterday after it filed for dual listing, but it faded away today with heavier volume. (EFUT) is up from the high teens, profiled around ($20) a few weeks ago. It is now trading about $44. We have to watch them very closely if you ever want to trade them.
Today's Stock Movers at 3:30 pm EST
Volume Momentum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(AMWD) 38.42 +0.68 +200
(DIGE) 49.75 +1.27 +155
(BF) 91.79 +0.95 +107
(DWSN) 34.45 +2.07 +103
(CSCO) 26.98 +1.18 +93
Stocks Down:
(PNTR) 17.15 -2.15 +1,058
(DCI) 34.16 -2.84 +522
(WBMD) 34.37 -2.38 +515
(FRO) 34.87 -2.48 +437
(ABCO) 55.52 -0.55 +426
Tags: stocks midday
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