Momentum Wrap – 3D Printing Is Still Alive...Real Estate Developers On Fire

New Highs

67 new all-time highs among stocks that gained 1% or more today: PRLB PRO GV BRP PCYC HHC ACRX VMI FURX NSM

165 stocks reached 52-week highs while appreciating 1%+. Some of the notable movers include:

• 3D printing is still considered a fad by many, but the underlying stocks continue to squeeze higher. $PRLB reported better than expected earnings and shot 25% higher to new all-time highs.

• Real estate developers are trading like it is 2003 all aver gain. $HHC $BRP $IEP just printed new all-time highs. So are mortgage investors – $HLCC $NSM, building materials and heavy construction stocks.

• Regional banks, which are another way to play the recovery in the U.S. housing markets, are showing on the 52-week high list every day: $HAFC $CATY $CRBC

• Recently, Josh Brown mentioned that “If you add up annual profits of the entire airline industry going back to 1948, you get minus $32 billion”, but apparently airlines could occasionally be very lucrative trading vehicles. Just look at the 3-month performance of the entire sector. A few new multi-year highs from the group today – $ALGT, $RJET, $ALK

• $PCYC has been in the top 10 best performing stocks for 2011 and 2012. Today, it broke out to new all-time highs again. Price momentum could be a catalyst on its own.

StockTwits 50 Notables

• $QIHU gained 3% in a flat tape. Notable relative strength and a great looking setup

• $RAX was leveled with the ground after missing revenue estimates for the first time since 2009

• $POL, $XXIA, $EFII broke out to new multi-year highs and are not too extended