Wednesday, December 14, 2005

When mo-mo dies...

The chart below lists 10 highest returning stocks from the NYSE and Nasdaq during 2004. Notice that a break below the December low in the 1st quarter of 2005 tended to signal a reversal of 2004's momentum, while stocks that did not break its 12/04 low continued to show momentum in 2005.


12/31/04 close

12/14/05 close

12/04 low broken

NS Group

27.80

42.71

n/a

Mittal

38.65

26.46

1/05

Elan

27.25

12.40

2/05

Oregon Steel

20.29

30.34

4/05

Wesco

29.64

43.73

4/05

Bluegreen

19.83

15.82

1/05

CME

228.7

369.25

1/05

Goodrich

16.21

26.01

n/a

Martha Stewart

29.02

20.46

3/05

AK Steel

14.47

7.95

3/05

Travelzoo

95.43

25.37

1/05

Phazar

49.06

14.39

10/05

Dialysis Ctr Amer

24.43

10.35

4/05

Novatel

44.39

29.12

1/05

Taser

31.65

7.04

1/05

Parlux

22.48

30.46

4/05

Hansen

36.41

86.32

n/a

Coldwater Creek

20.58

33.46

4/05

NovaAmerican Steel

56.15

38.54

6/05

Kmart/Sears Holding

98.95

124.26

1/05

 

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