It was a pretty strong day higher today as the Dow and S&P 500 made new highs. The Nasdaq led the charge up today but is back to lagging overall. I've been mentioning the 44.20 level as an important level on the QQQQ (Nasdaq 100 tracking ETF) and it closed just above it. It was well above that number following an 18% move in Ebay and a 15% move in NFLX. QCOM was also trading higher so the techs may get some follow through tomorrow. Here are a few stocks I am watching.
Consulier Engineering, Inc. (Public, NASDAQ:CSLR)
I took a position in CSLR a couple days ago and it looks like it is starting to move. Shorts will be scrambling if this can get over 6.80.
Harman International Industries Inc./DE/ (Public, NYSE:HAR)
HAR is pulling back to the rising 20sma after bouncing the lower band. It looks like it is getting ready to test the 52 week high.
priceline.com Incorporated (Public, NASDAQ:PCLN)
Internet stocks have been rolling and should continue to move tomorrow following EBAY's lead. PCLN has pulled back to the lower band near the 50sma and is narrowing in range. It may be close to turning back up.
Books-A-Million, Inc. (Public, NASDAQ:BAMM)
BAMM is a chart that is looking bearish to me. It broke under a horizontal trendline and looks to be headed towards 17.5.
Good Luck,
DT
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