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

I was just scanning through the new high list and saw...my nemesis stock...Pixar (PIXR).

As I noted earlier this month, I have been "waiting" for this stock to shine for some time. The skeptics are numerous yet the shares refuse to break. With it tagging a new high I am once again keeping a close eye on it...


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Buying?

by 5/19/2005 12:39 PM
Stocks quoted in this article:

Some curious market activity here...my alert for NYSE net ticks was active recently, but (unlike what we have seen recently) this buying wasn't able to give a boost to the SPX...


Chart Courtesy of Thomson/ILX

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One to Watch

by 5/19/2005 11:40 AM
Stocks quoted in this article:

You might find it interesting to keep an eye on Wild Oats Markets (OATS)...This was one of the stocks on the scan yesterday and I keep finding it in various other scans that I have run.


Created with SuperCharts by Omega Research

The shares made an aggressive upward move in mid-March and have been in a sideways consolidation pattern since then. I tend to view sideways consolidations as more constructive than pullbacks and given that the sentiment profile below shows little in the way of over-the-top optimism, the run might not be over. A longer-term chart shows some congestion above 12 but if the stock does hit that, it will likely have the wind at its back...

  • Percent of analysts tracked by Zacks who rate the stock with a "buy": 27%
  • Number of analysts tracked by Zacks: 11
  • Short interest as a percent of float: 16.0%
  • Short interest ratio: 3.969
  • Put/call ratio percent rank: 59.5%

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Must Read

by 5/19/2005 11:19 AM
Stocks quoted in this article:

I was just going through the High/Low Equity Scorecards filter to see what some of the top rated stocks are...One of the symbols that caught my eye was Itron (ITRI).

I don't follow this stock closely but the symbol stood out because I know one of my colleagues, Richard Sparks, wrote a column about this stock yesterday - "Getting Emotional over Itron".

I hadn't had a chance to check out his column until now and I must say it is a great look at how trading psychology can impact you. If you haven't seen his article yet, make sure you check it out...


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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
Photronics, Inc. (PLAB) 25.3 10.6 21.91 2.05
AirTran Holdings, Inc. (AAI) 13.8 19.7 9.50 -0.95
Salix Pharmaceuticals, Ltd. (SLXP) 11.7 13.9 17.77 1.86
Panera Bread Company (PNRA) 10.9 19.2 59.43 0.50
AK Steel Holding Corporation (AKS) 10.6 13.4 7.82 -1.92
AMR Corporation (AMR) 9.7 31.1 12.09 -0.83
Jupitermedia Corporation (JUPM) 9.2 16.4 19.04 2.30
Fleetwood Enterprises, Inc. (FLE) 9.0 27.5 9.10 1.10
NitroMed, Inc. (NTMD) 8.6 21.7 16.75 6.94
Wabash National Corporation (WNC) 8.4 11.8 26.33 -0.53
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