MomentumOptionsTrading.com Weekly Wrap for 3/17/13
11:30pm (EST)
1. Market Summary
2. I.D. Systems (IDSY) Looks Attractive
3. Earnings
4. Weekly Wrap Portfolio Update
5. Week Ahead
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1. Market Summary
“The Dow just closed it tenth winning Friday for 2013 and hasn’t posted a week ending loss since the last day of 2012. This accomplishment has occurred 8 times since the 1950’s with the last Friday win streak coming in 2007. That Dow Friday winning streak lasted 13 weeks and ended with nearly a 1.5% drop. At current levels, that would mean the Dow could drop over 200 points when its Friday win streak ends if history repeats itself.
This Friday will pose its own challenges as Quadruple Witching can be volatile. This event happen 4 times a year on the third Friday of every March, June, September and December and is when index futures, market index options, stock options and stock futures expire. While Quadruple Witching days can be accompanied by considerable volatility, this week’s economic news is light and overall trading volume is below normal levels. This could mean the Dow’s Friday win streak reaches 11 this week.
While there continues to be concerns the market has gotten frothy, we mentioned last week the bear trap from late February that saw the market drop 3% on the Italian election results compressed some of the overbought technical indicators that many technicians like to use. We like to use them as well but we also rely on market history and sentiment to judge where there market is headed over the short and longer-terms.
As far as bullish/ bearish sentiment, we like to follow the AAII Investor Sentiment Survey. In late January, bullish sentiment had jumped to over 50% but with the talking heads and Wall Street pros still calling for a pullback and with the market at new highs, bullish sentiment is now just over 31%. Meanwhile, bearish sentiment has risen from a low of 24% to just over 38% while neutral sentiment has risen from 23% to 30%.
Bullish sentiment is the percentage for expectations that the market will rise over the next six months. Bearish sentiment is the percentage for expectations the market will fall over the next six months. The pullback in bullish sentiment is also favorable over the short-term because it means we have not seen the euphoria that often accompanies new market highs.
We covered the short-term charts this week on the major indexes to show the major support levels because there is no resistance when they are making new all-time highs until there is a pullback. We mentioned last week that we expected continued strength until March 22, or shortly ahead of the next zombie rally on March 27 to keep the government going. This event could lead to a pullback but if there is some type of resolution it could lead to a market rally that lasts through April which averages the highest monthly returns out of the historic 6-month bull runs from November through April.
We gave our 2013 price targets for the indexes on February 3 and while we will talk more about them in the coming weeks {Dow 16,000; S&P (500) 1,700; Nasdaq 3,800; and Russell (2000) 1,025} we wanted to show the 10-year chart on the S&P 500 from late January we drew up for you. The close above 1,550 on Friday was perfect for our prediction the S&P 500 could trip 1,700 this year but there is still a lot of time between now and then.
Winter started on December 21 and Spring 2013 is just around the corner (March 20). The S&P was at 1,443 and fell 1% to close at 1,430 on the first day of winter. There bears made some noise just before yearend as the index tested 1,400 but is possible there could be a 200-point rally before they wake up.
As long as support holds, the near-term targets we have given you are Dow 14,750; S&P (500) 1,600; Nasdaq 3,300; and Russell (2000) 975.” (from 3/10/2013 Weekly Wrap Update)…
The bulls must have been looking forward to St. Patty’s Day as they spent much of last week in the green and pushed new highs. Although Friday was a down day, the bulls continue to mystify Wall Street despite the Dow’s winning streaks being snapped as they continue make hay while the bears are away.
The Dow dropped 25 points, or 0.2%, to finish at 14,514 on Friday. The blue-chips traded down to 14,373 to start the week but added 50 points by the close to end at 14,447. The bounce off the lows was a good clue our 14,500 target would trigger and it did by Thursday’s close as the index went out at its highs to finish at 14,539. We said if 14,500 cleared there is a good chance the bulls push 14,750. The Dow hit a low of 14,470 on Friday and near-term support is at 14,400 and then 14,300. The real battle will come at 14,000 and represents a little over a 3% if there is a major pullback. The Dow came into the week at 14,397 and was up 117 points, or 0.8%, after Friday’s close. Year-to-date, the blue-chips are now higher by 1,410 points, or 10.8%.
The S&P 500 slipped 2 points, or 0.2%, to settle at 1,560.70. The bulls needed to hold 1,550 and push new highs if they were going to make a run at the 52-week and all-time highs. The bears were able to push 1,547 and 1,548 through midweek but Thursday’s blast to 1,563.32 but them back to bed. We are still expecting a run to 1,575, possibly 1,600 before a pullback. The bears will need to crack 1,550 and then 1,525 before Wall Street’s gets nervous and a 4% drop from current levels would be a perfect back test to 1,500. The S&P 500 started Monday at 1,551 and gained 9 points, or 0.6%, by Friday’s close. The index has advanced 134 points, or 9.4%, in 2013.
The Nasdaq fell 10 points, or 0.3%, to close at 3,249. Tech made a run at 3,250 the prior week and was able to clear this level on Monday’s close despite a dip to 3,233 to start the session. This cleared the way for a run to 3,275 and our near-term target of 3,300 but the bulls struggled to hold this level all week. However, Friday’s pop to 3,260 was encouraging and still keeps our upper targets in play. A break below 3,225 and then 3,200 would suggest a top is in. Coming into the week, Tech was at 3,244 and despite the choppiness was able to add 5 points, or 0.1%, by Friday’s close. For 2013, the Nasdaq is higher by 230 points, or 7.6%.
The Russell 2000 lost a half-point, or 0.1%, to end at 952.48 on Friday. The small-caps were 1% away from clearing 950 and despite a rough Monday and a dip to 939, the index squeaked out a hundredth of a point win to finish the day in positive territory. Tuesday and Wednesday’s test to 938 was a nice hold and the bulls were able to clear 950 on Thursday’s burst higher to 953. This confirmed a possible push to our near-term target of 975 as long as 950 holds. The bears will be targeting 940 again and then 920. A 5% pullback gets 900 back in play and would be an ideal entry point for those who have missed this year’s gains but the index would be in correction mode with further downside risk if all of these levels were cracked. The Russell 2000 was at 942.50 to start the week and popped 10 points higher, or 1.1%, while continuing to set fresh all-times highs. The index is now up triple-digits, or 103 points (12.1%), YTD.
The S&P Volatility Index ($VIX, 11.30, flat) was at 12.59 to start the week and traded near 13 by Tuesday but spend the rest of the week testing new 52-week lows. We said there is a chance the VIX trades to single-digits before a pullback but this is still another 10% away. However, it is possible on an euphoric top in the S&P 500 or a slow, steady grind higher like we have been seeing. If the bears come to life, look for 13.50 to hold but a break above 14 would be a warning sign volatility is picking back up.
Quadruple Witching turned out to be a sticky day for the bulls as they faced a number of hurdles to extend the Dow’s streak to 11-straight Friday’s. The major issue was the rebalancing of the S&P 500 following option expiration but negative economic news ahead of the open, and the fact we jinxed it last week by talking about it (sly grin) were too much to overcome. However, the clues we continue to look for are still flashing buy signals so we had a good feeling the bulls would keep their momentum.
The Financial stocks provided a big lift as they have been breaking out to new 52-week highs in anticipation of the stress tests which were announced last week. We have been mentioning how the banking stocks needed to show some leadership for a continued rally and many of them zoomed after the zombies approved 14 of the 18 banks in question.
Wells Fargo (WFC, $38.20, up $1.23) zoomed 3% on the news while Bank of America (BAC, $12.57, up $0.46) soared 4% and were the biggest winners as they were cleared to buy back stock and raise dividends. Goldman Sachs (GS, $154.84, up $0.82) and JPMorgan Chase (JPM, $50.02, down $0.98) were approved but will have to resubmit their plans.
We were a little early on Wells Fargo last month and we should have followed up with an April call option trade. We caught some of the action in the Financials for both the Daily and Weekly but the Wells Fargo April 38 calls (WFC130420C00038000, $0.81, up $0.46) zoomed 131% during Friday’s session. Watch them for further upside potential.
JPMorgan was weaker due to the grilling they got by the zombies on Capitol Hill over the Whale trades but shares held $50 and we still see a trip to double-nickels coming. The Financial Select Spiders (XLF, $18.45, up $0.07) are also at 52-week highs and could kiss $20 over the near-term on continued strength.
We talked about the importance of Copper holding $3.50 as it is a global indicator on how well the global economy is doing, or not. We started warning in late February this level would come into play and a bottom seems to have formed since. A push past $3.58 would break the downtrend line and suggests higher prices in 2013 as the fundamentals improve.
This week poses a different set of challenges as the week after March option expiration is usually weak and favors the bears. We mentioned the back half of March is normally the weakest part of the month but we also said we expect the rally to continue through this Friday. This would be the perfect setup as we get a slight pullback into April before one last hooray.
Over the past 25 years, the Dow has been lower in 16 of them and represents a 65% chance the blue-chips finish lower this week based on history. However, the good news is that the index is up in 6 of the past 9 years and in some of the good years there have been tremendous gains. In 2011, the Dow was up 3% and in 2000 the index was up nearly 5%. In 2009, the blue-chips soared nearly 7% after March option expiration week and we have mentioned there hasn’t been the euphoria that normally accompanies blow-off top rallies.
As far as economic news, the big events will be the 2-day Fed meeting staring on Tuesday and the Philly Fed numbers on Thursday. There will be a lot of chatter over QE (quantitative easing) but we have said over-and-over Big Ben will keep the printing presses on until he steps down next year. Bernanke has been crystal clear that he has no plans to slow QE until unemployment falls to 6.5% or inflation swells past 2.5%. He will reiterate this on Wednesday, as well as, no changes to interest rates and his comments could pump the bulls.
Our near-term (April) targets remain Dow 14,750; S&P (500) 1,600; Nasdaq 3,300; and Russell (2000) 975 as long as near-term support holds. A slow and steady grind higher this week would be preferred but we wouldn’t be surprised to see volatility pick back up and/ or support tested.
As we head to press, futures are showing a nasty open for Monday. Dow futures are down 111 points to 14,3823 while the S&P 500 futures are lower by 15 points to 1,538. The Nasdaq 100 futures are declining 25 points to 2,765.
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Key of Technicals Used In Following Articles
2. I.D. Systems (IDSY) Looks Attractive
By Michael Bryant
I.D. Systems (IDSY, $5.87, up $0.11) is a tiny company with seemingly big potential.
Founded by two engineering classmates at Stanford University in 1993, the company secured a $6.6 million contract from the U.S. Postal Service in 1995 to develop and implement a tracking system for monitoring the location and status of test letters and packages. By 1997, the company developed and patented technology for fleet management that has application in a variety of corporate and government environments.
More than half of the Fortune 200 companies that use lift trucks have deployed I.D. Systems’ VMS solutions. The map above show sites that performed well (green), have potential issues (yellow), and require corrective action (red).
Its Rental Car Fleet Management is a patented system built specifically to automate rental and return processes. It also provides real-time visibility of car inventory, on-lot location tracking, tools to display car status, real-time automatic capture of accurate fuel level and mileage, and unique controls for lot process optimization. These features help companies by:
- Increasing fuel revenues and reducing fuel costs by tracking and collecting more precise fuel and mileage data
- Optimizing car return/processing speed for improved rental yield and customer service
- Improving visibility of open slots to maximize car availability and rental revenue
- Using electronic rental contracts to automate the checkout process and automate the rental car return process
I.D. Systems also offers VeriWise products for monitoring heavy-duty trucks and their cargo. PowerFleet and I.D. Analytics help governments run more efficiently, which is in high demand as governments are trying to reduce deficits. Its didBOX driver identification system is for industrial and utility vehicles, such as forklifts, tow tractors, golf carts, and people movers.
Customers include 3M, Alcoa, American Axle, Archer Daniels Midland, Canadian Tire, Chrysler, Delphi, FMC, Ford, John Deere, Kellogg’s, Nissan, Northrop Grumman, Nucor Steel, Raymond, Rite Aid, Target, Toyota, Walgreens, Weyerhaeuser, the U.S. Department of Defense, U.S. Department of Homeland Security, and the U.S. Postal Service. During the nine-month period ended September 30, 2012, Avis Budget Group and Wal-Mart accounted for 21% and 16% of revenues, respectively. During the same period in 2011, Wal-Mart and Ford accounted for 18% and 10% of revenues, respectively.
On Wednesday, March 6, 2012, Chairman and CEO Jeffery Jagid held a conference call to discuss 4th quarter earnings. Some operational highlights from the quarter:
- It was named for the third time to Deloitte’s Technology Fast 500 list, which ranks the 500 fastest growing technology companies in North America. The award was based on the company’s revenue growth of 130% over the past five years.
- The company received repeat orders across all major product categories from core customers, including Avis Budget Group, Ford, Freymiller, General Mills, Kellogg, Nestlé, Procter & Gamble, US Trailer Holdings, and Walgreens.
- New customers from direct sales efforts included one of the world’s largest tire producers, a leading global manufacturer of heavy equipment, a prominent European auto maker, and a multi-billion dollar manufacturer of machine components.
- The company executed its first licensing agreements with customers for I.D. Analytics.
Management is scheduled to present on Tuesday, March 19th, at 5:00 p.m. at the ROTH Capital Partners 25th Annual Conference at the Ritz Carlton, Laguna Niguel in Dana Point, California.
The next earning release will not be until another three months, but it seems like the company can beat both revenue and earning estimates.
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3. Earnings
The companies in BOLD, we are looking at as possible trades and we may list call or put options on them in our Daily Newsletter. If they become official recommendations, we sent out Trade Alerts or include them in our 9am and 1pm updates that come out during the week (Quotes are from 3/15/13 close)
By Catherine Tierney
Monday
3SBio (SSRX, $15.00, up $0.01), Acorn Energy (ACFN, $7.20, up $0.27), Ameresco (AMRC, $7.65, down $0.04), ASA Gold and Precious Metals (ASA, $18.83, down $0.04), Assisted Living Concepts (ALC, $11.89, Flat), Charm Communications (CHRM, $5.26, up $0.07), ChipMOS (IMOS, $10.41, up $0.09), Daqo New Energy (DQ, $8.48, up $0.68), Future Fuel (FF, $13.89, down $0.09), G. Willi Food-International (WILC, $6.10, up $0.11), G-III Apparel (GIII, $37.40, up $0.13), Houston Wire & Cable (HWCC, $12.20, up $0.17), Insmed (INSM, $6.57, down $0.14), Intercept Pharmaceuticals (ICPT, $37.55, down $0.10), Intersections (INTX, $10.85, up $0.02), KiOR (KIOR, $5.81, down $0.32), Micron (MU, $9.37, down $0.32), Oxford Industries (OXM, $55.80, up $0.61), Pernix Therapeutics (PTX, $6.24, down $0.05), Sterling Construction (STRL, $11.04, down $0.06), TravelCenters of America (TA, $7.57, down $0.02), Union Bankshares (UNB, $19.65, down $0.19)
Tuesday
AAR (AIR, $18.20, up $0.14), Adobe (ADBE, $41.38, down $0.24), Astro-Med (A LOT, $10.64, up $0.21), Cintas (CTAS, $44.72, up $0.23), Cross Country (CCRN, $5.98, down $0.06), DSW (DSW, $67.61, down $0.93), FactSet (FDS, $99.29, down $1.19), Francesca’s (FRAN, $27.52, down $0.67), JinkoSolar (JKS, $6.16, down $0.58), magicJack VocalTec (CALL, $12.91, down $0.39), Phoenix (PNX, $28.95, up $0.76), Rentech Nitrogen (RNF, $38.37, up $0.87), Star Bulk Carriers (SBLK, $6.10, Flat), Veeco (VECO, $35.83, up $0.34), Walter Investment (WAC, $42.06, down $0.22), Williams-Sonoma (WSM, $45.01, down $0.02)
Wednesday
Acquity (AQ, $8.05, down $0.28), Actuant (ATU, $31.75, down $0.02), CLARCOR (CLC, $53.51, down $0.01), FedEx (FDX, $109.07, up $0.23), FNB United (FNBN, $9.95, down $0.01), General Mills (GIS, $46.24, down $0.18), Guess’ (GES, $27.11, down $0.30), Harvest Natural (HNR, $5.66, down $0.03), Ignite Restaurant (IRG, $16.32, up $0.43), Jabil Circuit (JBL, $19.25, down $0.13), Lennar (LEN, $41.77, down $0.17), Luby’s (LUB, $8.33, down $0.10), Oracle (ORCL, $36.34, up $0.04), ShangPharma (SHP, $8.92, Flat), TearLab (TEAR, $6.10, up $0.09), Tilly’s (TLYS, $13.72, down $0.19), Tumi (TUMI, $23.69, down $0.57)
Thursday
IHS (HIS, $108.93, down $0.49), KB Home (KBH, $20.29, down $0.23), Met-Pro (MPR, $10.18, Flat), Movado (MOV, $37.15, down $0.31), Nike (NKE, $54.78, up $0.09), Ross Stores (ROST, $56.28, up $0.41), rue21 (RUE, $28.89, down $0.09), Scholastic (SCHL, $30.99, down $0.50), The Marcus Corporation (MCS, $11.97, down $0.10), TIBCO (TIBX, $24.00, up $0.14), Worthington (WOR, $29.01, down $0.22)
Friday
Darden Restaurants (DRI, $49.37, up $0.49), Tiffany & Co. (TIF, $69.42, up $0.33)
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4. Weekly Wrap Covered Call Portfolio Update (Closing prices as of 3/15/13)
Our Weekly Wrap Closed Trade Track Record for 2013 is 8-1 (52-3, overall since late 2010).
Cisco Systems (CSCO, $21.92, up $0.33)
Original Entry Price: $21.13 (3/5/13)
Lowered Price from Selling Options: $21.13
Exit Target: $24
Return: 4%
Stop Target: $20, raise to $21.25 (Hard Stop)
Action: Cisco pushed $21.98 to start the week but faded to a low of $21.45 on Thursday before rebounding on Friday. Near-term support is at $21.50 with backup at $21 and the 50-day MA. We are still expecting a run to $23-$24 once shares close above $22.
We would like to sell a call option once $22 clears but we raised our stop target and made it a Hard Stop in case there is a pullback down the road. We can still ride the stock higher in the meantime but we want to see how the rest of March plays out.
Bank of America (BAC, $12.57, up $0.46)
Original Entry Price: $11.61 (3/5/13)
Lowered Price from Selling Options: $11.61
Exit Target: $15+
Return: 8%
Stop Target: $11.75, raise to $12
Action: Shares rallied 4% on Friday and cleared our $12.50 target. This sets up a run to $14 over the near-term. The lows came in at $11.91 and $11.98 by midweek but shares held $12 on the close. This represents short-term support and there is further help at $11.25. We have raised the Stop Target but it is not a Hard Stop.
Research in Motion (BBRY, $14.99, down $0.07)
April 12.50 calls (BBRY130405C00012500, $2.80, down $0.30)
Original Entry Price: $12.86 (3/5/13)
Lowered Price from Selling Options: $11.36
Exit Target: $15+
Return: 32%
Stop Target: $10
Action: Shares surged last week after the company announced a $1 million order from one of its partners. Wednesday’s high was $15.70 and we still believe another run to $18 is coming. Support is at $14 and the 50-day MA followed by $13.
We recommended buying Research In Motion at $12.86 on 3/5/13. We also sold the April 12.50 calls for $1.50 which lowered our cost basis to $11.36. If we are called-away at $12.50 in April, the trade will make 10%.
Apollo Group (APOL, $16.94, up $0.19) (Short Position)
Original Entry Price: $16.10 (3/4/13)
Lowered Price from Selling Options: None
Exit Target: $12
Return: -5%
Stop Target: $20
Action: Shares tested $17 for much of the week and reached $17.25 on Tuesday. There is risk up to $18.50 on a close above $17.50. We would like to see a close back below $16 this week which should get new 52-week lows back into play.
Sony (SNE, $17.26, up $1.23)
April 16 calls (SNE130420C00016000, $0.50, down $0.05)
Original Entry Price: $15.38 (3/4/13)
Lowered Price from Selling Options: $14.78
Exit Target: $20+
Return: 17%
Stop Target: $12
Action: We said a close above $16 would be super bullish and shares finished at $16.03 on Thursday. You can clearly see the 8% breakout on Friday and the next area of resistance comes in at $18 on this 2-year chart. We are expecting Sony to reach $20 at some point this year with at shot at $24. Support is at $16 followed by a strong base back at $14. The company’s new smartphone is hot and is selling out overseas. The talking heads and analysts have no clue about the company’s turnaround to get the books back in the black by 2014 but there could be some upgrades this week as the story spreads and the PlayStation 4 launches.
We recommended buying Sony at $15.38 on 3/4/13. We also sold the April 16 calls for 60 cents which lowered our cost basis to $14.78. If we are called-away at $16 in April, the trade will make 8%.
Keryx Biopharmaceuticals (KERX, $7.32, down $0.05)
Original Entry Price: $7.22 (2/12/13)
Lowered Price from Selling Options: $7.22
Exit Target: $10+
Return: 1%
Stop Target: None
Action: Shares are trying to break out of a tight trading range and a close above $7.80 would be bullish for a run past $8, and possibly $10, again. Support is at $7 with $6.50 as backup but any setbacks with its drug, Zerenex, would be bearish.
We recommended buying KERX at $7.22 on 2/12/13.
Yahoo (YHOO, $22.07, down $0.36)
April 22 calls (YHOO130420C00022000, $0.70, down $0.20)
Original Entry Price: $19.81 (2/6/13)
Lowered Price from Selling Options: $19.16
Exit Target: $25
Return: 15%
Stop Target: $14
Action: Shares were in a downtrend all week and Friday’s low was $21.97. Support is at $21.50 but a break below this level could lead to a test of the 50-day MA, or $20.75. Yahoo was testing $23 the prior week and we still have a near-term target of $24-$25.
We recommended buying Yahoo at $19.81 on 2/6/13.
On 2/13/13 we sold the April 22 calls for 65 cents which lowered our cost basis to $19.16. If we are called-away at $22 in April, the trade will make 15%.
Solazyme (SZYM, $8.76, down $0.12)
Original Entry Price: $12.35 (8/9/12)
Lowered Price from Selling Options: $11.55
Exit Target: $15+
Return: -24%
Stop Target: $5
Action: Shares fell back below $9 on Tuesday and kissed $8.73 on Friday. Support is at $8.25-$8.00 or the 50-day and 100-day MA’s on a continued slide. A close above $9.50 would be bullish for a run to double-digits and the 200-day MA.
We recommended buying SZYM at $12.35 on 8/9/2012 and for every 100 shares to sell the September 12.50 calls for 80 cents. This lowered the cost basis to $11.55.
Scientific Games (SGMS, $8.79, down $0.01)
Original Entry Price: $11.10 (3/20/12)
Lowered Price from Selling Options: $11.10
Exit Target: $13
Return: -21%
Stop Target: None
Action: We said a big move was coming on earnings and after they disappointed Wall Street, shares fell to $8.07 on Tuesday. Shares bounced back to push $9 by week’s end after clearing the 100-day MA again. A close above $9.25 and the 50-day MA would be bullish for a possible pop to $10 while a close below $8.25 would be bearish.
We recommended buying SGMS at $11.10 on 3/20/12.
Pizza Inn (PZZI, $3.80, down $0.03)
Original Entry Price: $4.50 (2/22/12)
Lowered Price from Selling Options: No options available
Exit Target: $9
Return: -16%
Stop Target: None
Action: Shares surged nearly 20% for the week after clearing $3.50 on Tuesday’s close. The move above $3.60 was bullish and opened the door for a test to $4. We said a close above $3.80 might suggest a breakout is on the horizon.
We recommended buying PZZI at $4.50 on 2/22/12.
MGM Resorts International (MGM, $13.16, down $0.09)
Original Entry Price: $13.77 (2/2/12)
Lowered Price from Selling Options: $12.35
Exit Target: $15
Return: 7%
Stop Target: None
Action: The March 14 call options expired on Friday
Shares got a nice pop on Thursday after jumping from $12.41 to $13.25 on the close. The high was $13.50 after word spread billionaire investor, Kirk Kerkorian, wants to up his stake in the company from 18.6% to 25%. A move back above $12.75 and the 50-day MA would be bullish and this level should serve as support on a back test with $12.50 as backup. A close above $13.50 gets $13.75-$14.00 in play over the near-term.
We recommended buying MGM at $13.77 on 2/2/2012 and for every 100 shares to sell the March 15 calls for 45 cents. This lowered the cost basis to $13.32.
On 3/20/12 we recommended selling the April 14 calls for $0.65 which lowered the cost basis to $12.67.
On 2/13/13 we recommended selling the March 14 calls for $0.32 which lowered the cost basis to $12.35. If we are called away at $14 in mid-March the trade will make 13%.
Trades on HOLD: DryShips (DRYS, $1.97, up $0.05), AKS Steel Holding (AKS, $3.61, up $0.05), Rare Element Resources (REE, $2.44, up $0.12), Rambus (RMBS, $5.50, down $0.14), Bebe Stores (BEBE, $4.52, up $0.08), Vivus (VVUS, $11.20, down $0.07)
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6. Week Ahead
