Sunday, November 1, 2009

NASDAQ all-time highs - week of Oct/30/2009

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:

AMZN (Amazon.com Inc) -- Highs Last Week: Intraday $125.68, Daily Close $124.64
BIDU (Baidu.com Inc) -- Highs Last Week: Intraday $439.90, Daily Close $432.97
EBIX (Ebix Inc) -- Highs Last Week: Intraday $67.93, Daily Close $65.50
FIRE (Sourcefire Inc) -- Highs Last Week: Intraday $24.53, Daily Close $22.31
MELA (Electro-Optical Sciences Inc) -- Highs Last Week: Intraday $11.73, Daily Close $11.49
MNRO (Monro Muffler Brake Inc) -- Highs Last Week: Intraday $34.26, Daily Close $31.88
NFLX (Netflix Inc) -- Highs Last Week: Intraday $56.75, Daily Close $55.32

Stock charts thanks to Finviz and BigCharts.

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