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RockingStocks.com Complete Stock Updates July 2008 The Nasdaq Tuesday, July 22: The NASDAQ closed up 24.43 to 2,303.96, rebounding from two down days. The exchange traded in a much more volatile range today. It looks like the NASDAQ is ready to make a new leg higher. Thursday, July 17: The NASDAQ closed up 27.45 to 2,312.30 today, its third straight up day. Wednesday, July 16: Yesterday's reversal was confirmed today with the NASDAQ having a big day, up 69.14 to 2,284.85. Intel, eBay and others have been reporting strong earnings. Also, oil prices have been correcting to the downside. Advancers to decliners on the NASDAQ were 74% to 22% today. Tuesday, July 15: FSYS broke out today on over two times average volume, finishing up strongly, moving $2.82 to $36.64 or 8.34%. FSYS has major momentum going into tomorrow. FSYS has more room to move higher and its 52-week high is looming at $41.90. Monday, July 14: The NASDAQ lost further ground today, down 26.21 to 2,212.87, still trying to find a bottom. Friday, July 11: The NASDAQ was affected by further fall out from mortgage lenders Fannie Mae and Freddie Mac and also weighed down by oil reaching a new record above $147 a barrel today. The excahnge lost 18.77 to 2,239.08 and reached a lower low. Tuesday, July 8: The NASDAQ appears to have bottomed out the last two days in its nearly oversold condition. The exchange surged strong today, up 51.10 to 2,294.42. Monday, July 7, 4:55pm: The NASDAQ is very near being technically oversold. The exchange has an RSI of 30.74 with under 30 being an oversold condition. The NASDAQ appears to have started to bottom out today, trading as low as 2,214.16 before closing down only 2.06 at 2,243.32. Hot Tracks Tuesday, July 8, 5:15pm: XNL had another strong day, up $0.05 to $0.50 or over 11%. This is a very nice two day move for our Stock of the Week. XNL has been up over 28% since we released it Sunday evening. Updates on Stock Picks
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Disclosure: RockingStocks.com is owned by SpeculatingStocks.com, Inc. SpeculatingStocks.com, Inc. is not a registered investment adviser or broker/dealer. SpeculatingStocks.com, Inc. makes no recommendation that the purchase of securities of companies profiled in this Web site are suitable or advisable for any person or that an investment in such securities will be profitable. Generally, given the nature of the companies profiled and the possible lack of liquidity for their securities, investing in such securities is highly speculative and carries a high degree of risk. Never invest based solely on information from this Web site or our email alerts.
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investment in such securities will be profitable. In general, given
the nature of the companies profiled and the possible lack of
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highly speculative and carries a high degree of risk. Never invest
based solely on information from this Web site or our email alerts.
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staff@rockingstocks.com. |
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