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

As I have noted in the past, I like to watch KLA Tencor (KLAC) as a proxy for how strong the buying demand is for the semi group. And the stock is currently giving us a chance to see if the bulls can make a run...


Created with SuperCharts by Omega Research

For nearly a month now, KLAC has been in sideways consolidation as it digests the gains from May. Earlier today, a burst of buying pushed the shares above the upper edge of this zone but pop was short-lived. Given the all-around malaise that seems to be in place this week, I am not sure the bulls can muster the energy to make the breakout, but it is something to keep an eye on...


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Index Check

by 6/21/2005 12:36 PM
Stocks quoted in this article:

For the most part it appears as if the bulls and bears are deadlocked...

...or perhaps there is just no one around as the broad market indices continue to tread water near the breakeven mark...semis and networkers are showing small gains...oil related stocks are pulling back as are biotech concerns...gold stocks are near breakeven as the HUI has so far bounced at that support level I noted earlier...


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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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