My screen of the NASDAQ found 7 stocks over $10 that made a new all-time high last week (either intra-day or closing price). The Qs (QQQQ) declined from their recent highs, tested their 50 day moving average, bounced, and closed the week in a sea of red below the 50 dma. This bloodbath did technical damage to many of the all-time highs mentioned last week. Case in point, Apple (AAPL)...gap-fill anyone? This week I expected most of the all-time highs would have been made Monday or Tuesday, but was surprised to see Sourcefire Inc. (FIRE) made an intraday all-time high during Thursday's bounce. Netflix Inc (NFLX) was also impressively resilient during the sell-off. Here are the charts:
Stock charts thanks to Finviz and BigCharts.
Sunday, November 1, 2009
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