Schaeffer's Trading Floor Blog

Checking Back on PLAB

by 5/24/2005 2:43 PM
Stocks quoted in this article:

Another stock I am keeping an eye on is Photronics (PLAB) which I touched on last week...

In that link I noted how the stock gapped higher on better-than-expected earnings while the sentiment was skewed towards skepticism. I have been watching whether the stock would hold the gains from the gap higher....


Created with SuperCharts by Omega Research

As you can see, the shares have spent the past few days consolidating sideways which I would take as an encouraging sign...

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One to Watch - PNRA

by 5/24/2005 2:29 PM
Stocks quoted in this article:

Right off the bat, Panera Bread (PNRA) caught my eye....


Created with SuperCharts by Omega Research

This weekly view shows that the shares have been moving higher since last summer. The recent pullback was contained at the 20-week moving average and the subsequent bounce pushed the shares above their former peak which should now act as support. A look at the sentiment below offers encouragement as optimism is no where to be seen...

  • Percent of analysts tracked by Zacks who rate the stock with a "buy": 42%
  • Number of analysts tracked by Zacks: 19
  • Short interest as a percent of float: 19.2%
  • Short interest ratio: 6.409
  • Put/call ratio percent rank: 100.0%


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No Traction

by 5/24/2005 2:22 PM
Stocks quoted in this article:

For what it is worth...The buying noted below has yet to gain traction and so far it appears the FOMC minutes have been a non-event in terms of being an immediate catalyst so I am going to turn my attention to looking for some stocks of interest...


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Minute Watching

by 5/24/2005 2:13 PM
Stocks quoted in this article:

The FOMC minutes are out...I am reading the various takes on their comments, but my immediate concern is the reaction out of stocks...


Chart Courtesy of Thomson/ILX

There was a brief momentum of volatility but it appears that stocks are now trying to move higher as my alert for NYSE net ticks hit...

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Index Check

by 5/24/2005 1:31 PM
Stocks quoted in this article:

For the most part, it appears stocks are stuck in a holding pattern ahead of the FOMC minutes...

Gold stocks are holding gains while brokers are selling-off, but for the most part, we see most groups are content to hold near breakeven...

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