Thursday, December 07, 2006

Thursday's Afternoon Stocks to Watch

The market is trading slightly lower in the afternoon. Volume for Nasdaq is on-track to higher than Wednesday's volume, while NYSE is about the same as yesterday.

(OMRI), a biotech stock mentioned yesterday, is still up another $1 to a new high. (AKAM) another high flyer in the big cap arena, is up about $3.

Most of the traders are waiting for the unemployment number to be announced tomorrow morning. This number is so crucial that it can make the market up or down based on the if the job market is too hot or too soft. Watch for the volume spike in either direction tomorrow. It will guide us on how to trade out stocks.

Today's Stock Movers at 2:10 pm EST
Volume Momentum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)

Stocks Up:
(WBD) 54.38 +0.50 +271
(IT) 20.75 +0.84 +154
(NWS) 22.70 +0.96 +139
(AKAM) 53.07 +3.36 +138
(ZUMZ) 32.03 +1.50 +130

Stocks Down:
(KEYS) 31.18 -7.58 +3,246
(CREE) 18.70 -2.41 +730
(NCS) 53.92 -3.10 +668
(GIL) 51.16 -2.29 +516
(HSY) 49.77 -1.29 +431

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