Jim Cramer Blog

Here are 7 stocks to watch for today. This list comes directly from the TradingMarkets Stocks Indicators page.
Stocks Ready to Surge: These are the stocks that today made new 10-day lows that are still in an uptrend as they are trading above their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term upside reversals.
Cisco Systems (NASDAQ:CSCO - News) and J.C. Penney (NYSE:JCP - News). CSCO's PowerRating is 5, and JCP's PowerRating is 6.
Low-Priced Stocks Ready to Surge: These are the stocks under $10/share that today made new 10-day lows that are still in an uptrend as they are trading above their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term upside reversals. Please note: All stocks carry risk and low-priced stocks usually come with even more risk. Always use caution.
Cincinnati Bell (NYSE:CBB - News). CBB's PowerRating is 6.
Pullbacks from Highs: Most successful momentum-based traders and money managers like to buy strong stocks after they pull back. TradingMarkets.com uses a proprietary mathematical model to identify up to 30 (in weak or choppy markets there will be fewer) of the strongest stocks that have pulled back from recent highs. These stocks should be considered potential candidates to resume their longer-term up trends.
Daktronics (NASDAQ:DAKT - News). DAKT's PowerRating is 5.
Trading Where the Action Is: This list contains the most volatile stocks over the past 50 trading days. These stocks are only for the most aggressive traders who are willing to assume a high degree of risk in order to capture larger gains.
International Asset Holding (NASDAQ:IAAC - News). IAAC's PowerRating is 9.
Stocks Ready to Drop: These are the stocks that today made new 10-day highs that are still in an downtrend as they are trading below their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term downside reversals.
Labranche & Co (NYSE:LAB - News). LAB's PowerRating is 3.
Explosion List: An inherent feature of all markets is that periods of lower-than-normal volatility are usually followed by periods of higher volatility. These stocks are trading at one-third or less of their normal volatility and therefore have a high likelihood of exploding within the next few trading days.
Vertex Pharmaceuticals (NASDAQ:VRTX - News). VRTX's PowerRating is 7.
PowerRatings are courtesy of PowerRatings.net

Labels: CBB, CSCO, DAKT, Hot Stocks, IAAC, JCP, LAB, VRTX

NYSE Group Inc. (NYX.N: Quote, Profile , Research) said on Tuesday it has received regulatory approval to expand its hybrid system to all securities traded on the exchange, in a move that could make trading faster for investors. The hybrid system, which combines expanded electronic trading with floor-based market makers, will grow to include over 3,600 securities by early January from its current 262, the NYSE said. Approval from the Securities and Exchange Commission to expand the hybrid system was widely expected and represents the latest step in the Big Board's efforts to expand electronic trading to attract investors. The exchange has faced tough competition from its main rival Nasdaq (NDAQ.O: Quote, Profile , Research), which said market share in trading of NYSE-listed securities increased to 13.4 percent in October from 12.9 percent in September. The shares of the exchange finished the day up $1.55, or 1.6 percent, at $97.60. NYSE faces additional competition from internal crossing networks, which allow full-service brokerage firms to match trades among their clients, Hegarty said. Several large investment banks now feature these internal matching engines, such as Credit Suisse Group's (CSGN.VX: Quote, Profile , Research) CrossFinder. Expanding the hybrid system could also lead to more head count reductions on the exchange floor. LaBranche & Co. Inc. (LAB.N: Quote, Profile , Research), one of the biggest market makers on the NYSE, has already reduced its traders on the exchange floor to 160 from a 2001 peak of 325. That figure could be cut by more than half in coming months due to increasing automation, said chief executive Michael LaBranche in a Reuters interview last week.
Source: Reuters.com

Labels: CSGN, LAB, Nasdaq Stock Market Inc., NYSE Group Inc., NYX