Schaeffer's Trading Floor Blog
Stocks quoted in this article:

Wild Oats Markets (OATS) is at an interesting juncture...I last touched on this stock earlier this month after showing the chart in mid-May.


Created with SuperCharts by Omega Research

When we last looked at the chart I noted that the longer-term chart shows some congestion above 12. The shares have continued to move higher and are now pushing into this area of potential resistance. A successful push through this zone would be a positive for the trend. And given that skepticism is still the dominant feeling toward the shares, it might spur some of the skeptics to rethink their posture...

  • Percent of analysts tracked by Zacks who rate the stock with a "buy": 23%
  • Number of analysts tracked by Zacks: 13
  • Short interest as a percent of float: 19.8%
  • Short interest ratio: 7.491
  • Put/call ratio percent rank: 77.0%

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Chart Chatter - SPX Intraday

by 6/21/2005 10:53 AM
Stocks quoted in this article:

My alert for NYSE net ticks began to hit around 10:30 AM and the SPX responded by bouncing from its lows...


Chart Courtesy of Thomson/ILX

However, the net result was a move back to breakeven and little more....

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Stocks quoted in this article:

As usual, this table lists stocks that have at least 10 percent of their float sold short and then shows the top ten based on the previous day's gain. The last field shows how the stock is performing in today's session. This can be a useful tool for finding situations where stocks with heavy short interest have begun to move. All returns are shown in percentages.

Note - more information on short interest can be found by clicking here.

Company Yesterday's
Gain
Percent of Float
Sold Short
Yesterday's
Close
Today's
Return
Neurochem Inc (NRMX) 13.2 18.9 9.34 0.11
Cyberonics, Inc. (CYBX) 12.2 17.7 44.28 -2.85
Martek Biosciences Corporation (MATK) 7.5 24.1 37.78 -2.33
FuelCell Energy, Inc. (FCEL) 6.9 14.9 10.19 -4.32
Omnicell, Inc. (OMCL) 5.7 14.4 8.14 -1.23
Travelzoo Inc (TZOO) 4.7 45.2 37.04 0.97
Global Power Equipment Group Inc. (GEG) 4.5 10.7 7.98 0.13
Inter Parfums, Inc. (IPAR) 3.7 12.5 20.48 0.34
NPS Pharmaceuticals, Inc. (NPSP) 3.7 13.3 11.84 1.60
California Pizza Kitchen, Inc. (CPKI) 3.7 11.0 28.25 -0.71
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At the Open

by 6/21/2005 9:49 AM
Stocks quoted in this article:

The opening bell has rung and here is what I see...

The broad market indices opened lower to flat and have stabilized near the breakeven mark...semis are trying to lead the way higher, but the SMH is still remains below that resistance zone we have been tracking...oil related stocks are showing some slight weakness...gold stocks are also down as the HUI tests the upper edge of the support zone 195...

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Chart Chatter - Daily HUI

by 6/21/2005 9:05 AM
Stocks quoted in this article:

Last night I promised I would check in on the chart of the Amex Gold Bugs Index (HUI)...


Created with SuperCharts by Omega Research

Last week we looked at the monthly chart, and this chart focuses on the recent action. The HUI bounced off the long-term support and has been following an aggressive short-term uptrend. The zone near 195 had capped the HUI in recent times and it has now pulled back to retest this as support. Holding at this support zone would be an encouraging sign for the short-term trend...


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