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Stocks Catching my Eye

February 25, 2008 by 5 Comments

Three stocks are catching my eye while making multiple screens over the past couple of weeks. MTL is up over 13% in less than two weeks since I highlighted it in a post titled Basic Materials (Oil) Stocks Making New Highs

MTL – 111.60, Mechel Steel Group was up 10.60% on volume 97% larger than the daily average

Trading momentum is paying-off in the current market environment. Swing trading breakouts making new highs on volume at least 100% larger than the average is king. It’s working so pay attention and be smart while putting on trades. MTL is no longer a buy since it has become extended but TITN and RIO may be setting up for new 52-week highs.

022408_titn_daily.png

022408_titn_wkly.png

022408_rio_wkly.png

022408_mtl_wkly.png

Filed Under: Stocks

Comments

  1. zenprofit says
    February 25, 2008 at 2:28 pm

    Chris:

    Great observation.

    Used your recommended scan and found ME and DBA.

  2. Ram says
    February 25, 2008 at 5:51 pm

    Chris,

    Did you also notice MTL is more than 100% from his 200 DMA?

Trackbacks

  1. chrisperruna.com » Blog Archive » Exploring Steel Momentum says:
    March 4, 2008 at 5:34 am

    […] – This was a quote of mine on February 25, 2008 in a post titled Stocks Catching my Eye […]

  2. chrisperruna.com » Blog Archive » Titan Machinery (TITN) says:
    April 21, 2008 at 4:51 am

    […] February 25, 2008: TITN – $19.70 Three stocks are catching my eye while making multiple screens over the past couple of weeks. MTL is up over 13% in less than two weeks since I highlighted it in a post titled Basic Materials (Oil) Stocks Making New Highs […]

  3. chrisperruna.com » Blog Archive » Money Makers: IPI and TITN says:
    June 24, 2008 at 4:57 am

    […] 2/25/08: Stocks Catching my Eye – TITN: $19.70 “MTL is no longer a buy since it has become extended but TITN and RIO may be setting up for new 52-week highs.” Like this article? Subscribe to my free RSS feed! This Post Sponsored by: […]

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