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Momentum Wrap – Cyberonics Breaks Out to New All-Time Highs

new highs Jan 8

New Highs

 27 New All-Time Highs among stocks that gained 1% or more. Some of the largest gainers: PERI TISI SIG CELG CYBX SBY ACHC BBSI LOV PMT

92 Stocks reached new 52-week highs while appreciating 1%+ on Monday. Some of the notable movers include:

  • After spending almost two months in tight consolidation, $CYBX finally broke out to new all-time highs. This is what happens in bull markets – eventually all decent looking setups break out. Not all of them follow through though.
  • There have been quite a few breakouts in all medical industries lately – from drug manufacturers, to biotech and medical equipment: $MDCO $CELG
  • Another day, another 52-week high for airlines. All of them look quite extended: $LCC $RJET $ALK
  • The consolidation in the satellite image industry is doing wonders for $DGI and $GEOY

StockTwits 50 Notables

  • $LNN broke out to new 52-week highs on strong earnings
  • Software and cloud stocks are showing notable relative strength: $MANH $RAX $CRM
  • 3D printing stocks $DDD and $SSYS finally fell the under pressure of profit taking. Both need time to consolidate and build new bases
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