Join        Login             Stock Quote

Indices Roll Over After Big Up-Gaps

 December 03, 2012 05:48 PM

The stock market indices started off the week on a negative note, although they started off the session with big gaps to the upside, especially on Nasdaq 100. The NDX actually went to new rally highs to just under 2700 at 2695.04. That resistance proved formidable as they rolled over the rest of the session in a down channel, closing near the session lows.

Net on the day, the Dow was down 59.98 at 12,965.60, 122 points off the high. The S&P 500 was down 6.72 at 1409.46, a point off the low. The Nasdaq 100 was down 6.04 at 2671.84.

So all of these reversed and closed near the session lows going away.

Advance-declines were 3 to 2 negative on the New York Stock Exchange, and 13 to 11 negative on Nasdaq. Up/down volume was 2 to 1 negative on New York, with total volume of 638 million shares. Nasdaq traded over 1.6-7 billion and had a little less that 2 to 1 negative volume ratio.

[Related -Google Inc (GOOG): Why Nest Labs Deal Is A Wakeup Call For Apple Inc.?]

TheTechTrader.com board was mixed, with some outstanding gainers and losers. Green Mountain Coffee Roasters Inc. (GMCR) jumped another 1.14 to 37.81, reaching as high as 38.65 during the session. SodaStream International Ltd. (SODA) leapt another 1.31 to 41.19, and traded as high as 41.58. So both those stocks had a solid session today.

Sarepta Therapeutics, Inc. (SRPT) snapped back 57 cents to 29.90, and First Solar, Inc. (FSLR) gained 51 cents to 27.50, reaching as high as 27.98, the highest it's been in months.

In addition, there were some outstanding low-priced stocks. Sequans Communications S.A. (SQNS) spiked up 82 cents to 2.30, or 55%, on 1.1 million shares, a 2000% increase in volume. Cleantech Solutions International, Inc. (CLNT) gained 86 cents to 4.86, or 21.5%, on 1.7 million shares. Neuralstem, Inc. (CUR) popped 24 cents to 1.49, or 19%, on 4.3 million shares. Cyclacel Pharmaceuticals, Inc. (CYCC) advanced 1.04 cents to 6.21, or 20%. Caesars Entertainment Corporation (CZR) ran 60 cents to 6.70, or 10%.

[Related -Apple Inc. (NASDAQ:AAPL): Why Gross Margins Will Expand In 2014 and Beyond?]

Other gainers of note included Deckers Outdoor Corp. (DECK), up 4.05 to 42.34, or 10.55%, on 6.4 million shares. SouFun Holdings Ltd. (SFUN) was up 1.83 to 23.38. PHI Inc. (PHII), helicopter transportation service gained 1.94 to 31.99, The GEO Group, Inc. (GEO) 1.57 to 29.77, and Pharmacyclics Inc. (PCYC) 2.88 to 55.93.

On the downside, Amazon Inc. (AMZN) lost 1.72 to 250.33, and Google Inc. (GOOG) was down 3.12 to 695.25. Apple Inc. (AAPL) managed to gain 91 cents to 586.19.

There weren't many point-plus losers on our board despite the down move today.

We'll see how it goes on tomorrow.

Good Trading!




Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageAutomating Ourselves To Unemployment

In this current era of central planning, malincentives abound. We raced to frack as fast we could for the read on...

article imageFed: Waiting For June… Or Godot?

The Federal Reserve left interest rates unchanged yesterday, as widely expected. But the possibility of a read on...

article imageThe Single Best Place To Invest Your Money For Retirement

It was never supposed to be this daunting. At least that's what we were read on...

article imageNegative Blowback From Negative Interest Rates

The Federal Reserve is widely expected to leave interest rates unchanged today. But perhaps standing pat read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.