Tuesday, May 27, 2008

New High and New Low

Although the overall market closes higher today, the new high pool is shrinking. Some of technology stocks appear in the new high pool, such as WDC, SY, QCOM, ARBA, and FLIR. Regional Bank and discretionary consumer stocks still dominate the new low list.

Regional bank stocks continue to make new lows for a while. But one stock from this group acts in an opposite way, and it reaches the multiple year high. I plan to put it into my watchlist.

New York Community Bancorp

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