Published: March 10, 2010
Zacks' Voice of the People Highlights Opportunities with Pacific Sunwear, DryShips and Clearwire Corp.
CHICAGO - (BUSINESS WIRE) - Zacks highlights commentary from People and Picks Trader
"ThisColoradoKid."
For more Voice of the People, visit http://at.zacks.com/?id=5851.
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Unusual Stock Movements
Something noteworthy in the Intraday charts today was a number of stocks
taking quick bursts higher -- as 1% on a single bar -- then falling back
to near where the rally started or simply topping right there. Pacific
Sunwear (PSUN),
DryShips (DRYS),
Clearwire Corp. (CLWR)
are examples. So far there isn't news to support the spike.
I've found the need lately to increase the amount of risk I'm taking on
any stock that has had expanding daily ranges, reflected by the ATR
["Average True Range" ]. Stocks with large ATR's always require a lot of
room to move but the activity today looks like gunning stops more than
normal.
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