Monkey Throw Dart: Gravity Defying Stocks

Wednesday, June 23, 2010

Gravity Defying Stocks

These companies are fighting the market downtrend this week with gains of over 9% with increasing volume since Monday morning. Keep an eye on these as this may be a sign of a longer term reversal of a previous downtrend or a continuation of a breakout.

BVF, Biovail, +20.3%, Pharma Prep.
ADG, Allied Defense, +18.3%, Ordinance
VRX, Valeant Pharm., +11.6%, Pharma Prep.
NCTY, The 9 Ltd., +9.3%, Business Svc. Internet
GSB, GlobalScape, +9.1%, Software

If you don't want to chase the price higher, look for a price retracement on lighter volume over the next few days for a better entry point.

Stocks listed have a closing price greater than $2, and volume greater than 100,000.
Percentages listed are combined gains for Monday and Tuesday.