On Friday, the market recovered some lost ground during the week. It was truly a day with low volume and low volatility. At the beginning of the day, it looked like the bears took control of the market. But as the hours passed, the major indices began to recover and close with a small profit.
In any case, the market is still weak and damaged by the falls experienced during the week. There will have to see what happens in the next few days before taking new positions. Chances are that the market set its path in the next three to five days.
Of course, one day with low volatility and small percentage changes, does not produce great candidates. Our system found a group of stocks that showed good progress and favorable price patterns. Below, we show three of these stocks.
Affymax Inc. (AFFY).- Price: US$ 13.42 (Var: +7.88%). Volume: 2.50 Millions of shares (daily moving average: 1.10 M). New high with good volume.
Kodiac Oil & Gas Corp. (KOG).- Price: US$ 10.55 (Var: +4.15%). Volume: 6.43 Millions of shares (daily moving average: 10.65 M). Good advance but is overbought.
Threshold Pharmaceuticals Inc. (THLD).- Price: US$ 7.34 (Var: +3.97%). Volume: 1.14 Millions of shares (daily moving average: 4.56 M). Good advance but is overbought.
Free Up Trend Stock Picks includes three stocks that have experienced daytime significant price Hikes. These stocks have been selected from a list includes stocks that have shown the best performance of the last 26 weeks.This means these are stocks with a medium-term upward trend.
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