January 22, 2013 at 16:32 PM EST
Momentum Wrap – Bulls Keep Roaring
New Highs 97 New all-time highs among stocks that gained 1% or more: BOX GV ACRX DDD SRC MDVN KSU STX MPC BOFI 292 new [...] The post Momentum Wrap – Bulls Keep Roaring appeared first on Howard Lindzon .
97 New all-time highs among stocks that gained 1% or more: BOX GV ACRX DDD SRC MDVN KSU STX MPC BOFI
292 new 52-week highs among stocks that appreciated 1%+. Some of the notable movers include:
- Nothing new under the sun. Housing-related stocks are still on fire. Heavy construction ($MTZ, $PRIM), building materials ($VMC, $OC), regional banks ($BOFI, $EGBN, $STT), property insurers ($PRA, $MRH)
- With Dow Jones Transportation index at all-time highs, it is not really a surprise that even relicts like railroads are breaking through the roof. Boring or not, actually railroad stocks are among the best market performers for the past 25 years. Buffett wins again: $KSU $TRN
StockTwits 50 Notables
- $KORS made another unsuccessful attempt to close above $55. It is gaining momentum above its 50dma.
- $MDVN broke out and tagged new all-time highs intra-day
- $CRM continues to struggle and it seems it is headed for a test of its rising 50dma
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