Ken, the prints at 14 for NOVL not only were a 52 week high, but this is the highest NOVL has been since the week of July 5, 1996...this is a 2 year recovery high. Volume wasn't too bad on a daily basis, 6.875,000, the fourth highest daily volume since 6/17/98.
Re: COMS, the close of 33 3/16 is also a recovery high close, the best close since 5/6/98. and it, too, has been seeing good volume of late.
I'm only in for a short term trade on both, I've got close mental stops and will beat a hasty retreat when warranted.
Best, Joe |
