Schaeffer's Daily Market Blog Features FMC Technologies, Investors Financial Services, Medis Technologies, Google, and Nordson.CINCINNATI -- Among the stocks featured in the May 9 edition of Schaeffer's Market Blog are FMC Technologies FMC Technologies, Incorporated (NYSE: FTI), is an American machinery and oil services technology company. FMC Technologies was incorporated in 2000 when FMC Corporation divested its machinery businesses. FMC Technologies Inc. (NYSE NYSE See: New York Stock Exchange :FTI FTI Free thyroxine index, see there ), Investors Financial Services (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :IFIN IFIN Integrated Farming Information Network ), Medis Technologies (NASDAQ:MDTL MDTL Medis Technologies, Ltd (stock symbol) MDTL Montana Defense Trial Lawyers Association ), Google (NASDAQ:GOOG GOOG Google, Inc. (stock symbol) ), and Nordson (NASDAQ:NDSN NDSN National Drug Strategy Network ). Schaeffer's Market Blog is just one of the many free market commentaries written everyday at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day by Schaeffer's financial analysts and traders. They are quick insights to the day's most notable market activity from an options perspective. For additional information about this report or to have it delivered to you free via email every day click on the following link. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB PROB Probable/Probably PROB Problem PROB People's Republic of Bangladesh 12M&PAGE=1 Schaeffer's Market Blog for Tuesday, May 9, 2006: Below are just a few of today's Market Blog entries. Click here to read all of today's Market Blog. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1 9:52 AM NYSE & NASDAQ New Highs/New Lows With Schaeffer's Equity Scorecard In our Daily Market Blog today we list more than 30 stocks that are reaching new annual highs or lows and feature Schaeffer's Equity Scorecard readings that are near to bullish or bearish extremes. Here are three stocks that score 9.0 out of 10, a reading that suggests that the upside still beckons: FMC Technologies (NYSE:FTI), Investors Financial Services (NASDAQ:IFIN), and Medis Technologies (NASDAQ:MDTL). 1:25 PM Google Bounces at 390 Internet giant Google (NASDAQ:GOOG) is bouncing off a trio of support at the 390 level. The equity took some time to consolidate along this level, which is also roughly home to the security's 80-day and 160-day moving averages. Rebounding off these trendlines, the stock has reclaimed the 400 level. With peak call open interest in the May series at 430, the equity still has some room to run before it encounters potential options-related resistance. 3:09 PM More New Highs for Gold and Silver As you might expect with the Fed's decision on interest rates due tomorrow, we're seeing more of the same, slow trading, low volume and not much action. But that doesn't mean that all is lost - as gold and silver continue to soar to new highs. Today gold gained $21.90 an ounce to close at $701.80 - its highest level since 1980. But the big winner was silver, as it soared 70 cents to $14.47 an ounce. As you'd expect, metal stocks are having great days, as the PHLX PHLX See: Philadelphia Stock Exchange PHLX See Philadelphia Stock Exchange (PHLX). Gold and Silver Index (XAU XAU Gold Exchange Rate (ISO) ) has added 4.55 percent and the AMEX AMEX See: American Stock Exchange Gold Bugs Index (HUI) has tacked on similar numbers. Both are making new all-time highs as well. It'll be interesting to see what happens after the Fed's decision on interest rates is revealed tomorrow afternoon. 3:21 PM Nordson Makes another All-Time High I've talked about Nordson (NASDAQ:NDSN) here before. I though I'd take another quick look at the stock as it breaks out to yet another all-time high today. The stock is up more than two percent and is now trading at 57.66. This is the 11th time in the last three weeks that NDSN has made a new high. Since I last wrote about the stock here on February 28, it's up more than 15 percent. Short interest continues to be high. The 1.14 million shares short generates a short-interest ratio short-interest ratio A ratio that is used for market analysis and is calculated by dividing short interest by average daily volume. Technicians use the short-interest ratio as a tool to determine market direction. of almost seven days to cover. There is some analyst pessimism too. According to Zacks, three of the four analysts that cover NDSN have it rated as a "hold." In late December and in late February NDSN reported earnings that surpassed analysts' expectations. That has helped the stock to continue its upward climb. The company is scheduled to report second-quarter earnings on May 21 after the market close. For more information on these stocks or any stock in your portfolio, feel free to visit our Schaeffer's Equity Scorecard feature. Also, for more information on what makes up these scores, or if you want more filters and screens, take a 30-day trial to our Schaeffer's Gold. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1 Take advantage of the timely Schaeffer commentaries by signing up for their free e-newsletters -- Opening View, Market Recap and Monday Morning Outlook. Click here to have the Schaeffer's commentaries delivered to you free via email every day. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB12M&PAGE=1 About Schaeffer's Investment Research (www.SchaeffersResearch.com) Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method. |
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