DGX and PPP were the only alerts off the list today.
The market internals were much stronger than one would have thought on Thursday, with more up trending stocks than down trending stocks moving on volume. Thus, the SSRatio rose 0.17 to +1.32 favoring buying, the estimate of market risk remains low.
The screening after Thursday did produce a good group of stocks to watch Friday. Eight potential turnaround stocks made the cut; APPB, BLUD, CAH, EASI, EAT, JCOM, KSS and LPNT. And nine potential breakouts screened out; ALKS, APPX, CELG, EBAY, HLTH, MCCC, MOVI, NXTL and SUN. Remember that the breakouts are at a resistance point so it is important to let it break before considering.
Sam |
