TO ALl: The Top (and the Bottom) Price Performers This Week (May 4-8)
Well, again an almost entirely new line-up. One conclusion that might be drawn is that the oilpatch companies are taking turns at basking in the sunlight of investors' approval, but that there's no way of telling which will get to take its turns when. One good rule of thumb is that if Company A did well this week, it probably won't do well next week (UNLESS it is an ADR, in which case that European mo' may keep it at the top for some time).
On the following lists (best and worst 25), an asterisk (*) denotes a company that was among the top 25 price performers last week, and a pound sign(#) denotes a company that was among the Top 25 for momentum and technical strength. (The latter list proved to be useless as a predictor of performance.)
TOP 25
OMNI: +14.2%
TBDI: +11.8%
WB: +8.6%
CLTDF: +7.9%
*#GGY (ADR): +7.2%
DWSN : + 6.5%
ATW: +6.3%
HOFF: +5.6%
CDIS: +5.3%
*SEI: +4.8%
*GIFI: +4.7%
UTI: +4.3%
GMRK: +4.1%
*#SMV.A (ADR): +4.0%
SMV.B (ADR): +3.9%
FGII: +3.6%
*#PGO (ADR): +3.1%
JRM: +2.8%
*BWG (ADR): +2.2%
CDG: +1.9%
GLM: +1.7%
#HC: +1.6%
TDW: +1.5%
BTJ: +1.4%
BOTTOM 25
UFAB: -25.3% (Ouch -- that must have hurt! My condolences.)
DALY: -12.0%
WNS: -9.5%
BDI: -8.5%
TESOF: -8.2%
*#GLBL: -7.8%
WEL: -7.1%
MAVK: -6.9%
HP: -6.4%
*#RIG: -6.3%
SDC: -6.0%
PESC: -5.7%
EGEO: -5.6%
#DI: -5.4%
*NBR: -5.4%
#HAL: -5.3%
PKD: -5.2%
MDCO: -5.1%
*BJS: -5.0%
IO: -5.0%
DXPI: -5.0%
*#EVI: -4.8%
#NR: -4.6%
WII: -4.6%
*#OII: -4.5%
A couple of points:
1) Please note this analysis does not include every single company followed on this thread. Telescan assigns CXIPY and HLX, for example, to non-oilpatch industries (the former to "manufacturing," the latter to "shipbuilding").
2) Just as Western European markets are outperforming the U.S. market, so too European oilpatch companies are outperforming their opposite numbers here. That may all come to an end if the Euro fizzles. But in the meantime, it would be great to find a source/site that provides more comprehensive and more consistent information about ADRs!! Surely there has to be one out there (although I have never found it).
3) On the failure of momentum/moving average-based TA to find winners: in this case, if you're into TA, the Wilder RSI might be a better predictor -- of losers. All the companies on that top 25 list had Wilder RSI's of 95 or more.
Have a pleasant weekend,everybody, and may dreams of sugarplums dance in your collective heads....
jbe
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