Friday, April 1, 2011

Stocks Largely Tread Water; Gardner Denver Breaks Out




Featured Stocks


  • GDI
      
    Gardner Denver Inc(Added 12/06/2010)
    TAL
      
    Tal International Group
    UTEK *
      
    Ultratech Inc

* Top-Rated Company
The major indexes finished mixed and little changed on Thursday, after meandering along the break-even mark for much of the session.

The Nasdaq composite rose 0.2%, while the S&P 500 shed 0.2% and the NYSE composite lost 0.1%. Volume increased slightly from Wednesday's levels on both the NYSE and Nasdaq, according to preliminary data.
Gardner Denver (GDI) climbed 1% in volume that was 42% above average, motoring past a 77.80 buy point from a cup-without-handle base. The industrial machinery maker has an IBD Composite Rating of 95. It remains in a potential buying range.
Ultratech (UTEK) surged 16% in massive turnover, as it lifted off its 10-week moving average. The producer of chipmaking gear has pulled back to its 10-week line twice since breaking out in December. It has a sterling Composite Rating of 98, but is thinly traded.

On the downside, Tal International (TAL) plunged 5% in huge trade, finishing below a 37.33 square-box buy point that it topped on Wednesday. The provider of freight containers sports a 98 Composite Rating.
On Friday, the economic news will include the government's closely watched monthly employment report.

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