Schaeffer's Trading Floor Blog

More Buying

by 5/19/2005 1:02 PM
Stocks quoted in this article:

My alert for NYSE net ticks has started to sound off again...this time it appears the bulls are gaining a little more traction as the SPX has started to move back toward its morning highs...

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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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