Charts of the Week - 3-03-2009
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Created by barrons3
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Date updated:03-03-2009
This portfolio is made up of a few stocks that displayed some relative strength on Monday and some others that have the potential to bounce back big if the market can rebound.
-
HOTT
Hot Topic - $6.83
- +2.25%
- $6.72
Hot Topic managed to trade up on Monday in a sign of relative strength.
-
NDN
99c Only Stores - $13.07
- 0.00%
- $13.00
The 99 Cents Only Store traded higher on Monday in the midst of brutal sell off. Put this stock on your radar.
-
DLTR
Dollar Tree - $48.78
- +0.95%
- $47.67
The Dollar Tree rose on Monday despite the market weakness. This stock breaks out to new highs at around $44 a share and has strong support at $33 a share.
-
OPTV
Opentv Corp. - $1.54
- +0.65%
- $1.55
OpenTV traded on Monday. If shares of OPTV can get above $1.35 it could make a big move higher.
-
SONS
Sonus Networks - $2.09
- -2.34%
- $2.09
Sonus Networks is another name that displayed relative strength on Monday. This stock could be on its way back towards $2 a share.
-
NFLX
Netflix - $55.86
- -0.94%
- $54.87
Netflix (NFLX) is a strong rebound play and the stock is heavily shorted. Over 37% of the float is currently sold short as of February.
-
PALM
Palm - $11.32
- -2.16%
- $11.42
Palm (PALM) is another strong rebound play. The stock is heavily shorted with over 45% of the float currently controlled by the bears.
-
GMCR
Green Mountain Co - $67.61
- -0.63%
- $67.46
Another rebound play is Green Mountain Coffee Roasters (GMCR). This stock has a huge short interest of with over 50% of the float controlled by the bears.
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