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Momentum Wrap – Enterprise Software Is Still Hot

Author

Howard Lindzon
January 30, 2013

New Highs

22 new all-time highs among stocks that gained 1% or more: CVLT LIFE BOFI TCAP BCEI LUX MSG RNF PRIM

67 new 52-week highs among stocks that appreciated 1%+. Some of the notable movers include:

  • Regional banks keep climbing higher: $ZION $BOFI $CMA $RF

  • Who said that gaming stocks should be left for dead? $MGAM just cleared new 3yr high on monstrous volume

StockTwits 50 Notables

  • Still a ‘market of stocks’ environment, but volatility is starting to perk up.

  • Enterprise software is still incredibly hot. Strong earnings reports from $MANH, $AZPN and $CVLT sent their shares to new multi-year highs

  • The good news stops here. The deterioration in the momentum universe continues. Ten St50 stocks lost 2% or more today. Market always leaves clues. We just have to listen: $KORS $MIC $SSYS $LEN $TASR etc.

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