Momentum Wrap – LinkedIn Breaks Out To A 3-Month High

New Highs

52 New All-Time Highs among stocks that gained 1% or more. Some of the largest gainers: WD FANG CBPO URBN BLMN CVI VIPS TMH RNF AZZ

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

• Market rotation continues as different set of stocks is breaking out every day. On Thursday, we had a restaurant ($BLMN), biotech ($RPRX), semiconductor ($NXPI), security software ($SYMC), apparel store ($URBN), medical instruments ($PODD)

• Refiners had their moment of weakness earlier this week, but it seems they are quite resilient. $CVI is back to all-time highs; $ALJ is also setting up;

• Half of the European ETFs are at 52-week highs as the Euro gains against the U.S. Dollar – $EWI $EWP $EWN

• Foreign banks WEre on fire today: $IRE $UBS $BAP $RBS

StockTwits 50 Notables

• $LNKD cleared new 3mo high on heavy volume and now it is less than 5% below all-time highs. Other social media stocks have been doing decent too. Even $FB

• $CIB (Bancolombia) is approaching an important level of $70, which would also be an all-time high breakout from a 2yr base

• $ARMH – the smart phones and tablet chips’ designer of the world, keeps making new highs

• $CRM is still among the most hated stock near all-time high with 12.5% of its float short. Watch for a potential short squeeze

• $AZZ closed at all-time highs after raising guidance yesterday

• Notable weakness in $KORS, $SSYS, $DDD, $CYBX