Momentum Wrap – Biotech Stocks On Fire

New Highs

54 new all-time highs among stocks that gained 1% or more: AXDS ADUS VIPS GILD BCC HY N SPSC SUSS KEYW

93 new 52-week highs among stocks that were up 1%+ today. Some of the notable movers include:

• Enterprise software is still in fashion: $N $SSNC $SPSC

• Notable relative strength in biotech stocks. The index $IBB just cleared new all-time highs, followed by $BIBB and $GILD.

• Most of the agricultural chemical stocks have been pummeled in the past month or so, but Monsanto ($MON) just cleared new 3yr highs after settling a patent dispute with Dupont.

• Greece might be bankrupt, but Greek shipping stocks continue to pop up to new 52-week highs: $DSX $CPLP

StockTwits 50 Highlights

• $N And $FNGN cleared new all-time highs

• $KORS bounced from its rising 100dma

• $PRLB continues to be the strongest 3D-Printing stock in 2013 and closed right below its next momentum pivot. If it clears $50, it is likely to test its all-time highs

• $CVLT, ranked N1 on the list, is setting up again