3 Notable 52wk HIGHS Screened By Finviz & Ranked By IBD SmartSelect:

ticker symbols:

• $GILD $BIIB $AMGN (in order of rank. see below for more details)
• charts & quotes by finviz.com

screening method:

1. first, using these following 13 finviz screen criteria:

• screen from all 6400+ stocks listed at finfiz.com
• must close above previous 52 wk high
• positive institutional transactions
• short float <5%
• gap up
• performance1 today up
• performance2 YTD +10%
• above 20dma
• above 50dma
• above 200dma
• 52wk high
• relative volume over 100%
• price over $50

2. second, i screened the list further using the following IBD criteria:

• composite rating 80 or greater
• eps rating rating 70 or greater
• rs rating rating 80 or greater

rank by my criteria using IBD SmartSelect: (csv format)

No.,Symbol,Company Name,Composite Rating,EPS Rating,RS Rating,
1,GILD,Gilead Sciences Inc,99,74,97,
2,BIIB,Biogen Idec Inc,97,84,94,
3,AMGN,Amgen Inc,97,86,93,

top ranked chart: $GILD

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stubby’s chart commentary:

• a re-run from yesterday’s commentary: it’s really hard to put any kind of spin on a stellar stock chart like $GILD. but i’ll try. what i look for is price momentum with rising vol above average, rising RSI (added notes: moving average), rising accumulation and rising money flow. i also like to see a stock gap up over previous day close, making new highs during the day and closing above the previous 52 wk high. $GILD has it all.
• the major difference from today’s chart versus yesterday’s is today’s candlestick formation. yesterday’s candle was a long white formation which indicates strong price momentum higher. today’s candle formation was a white spinning top. typically this indicates sanguine neutrality, particularly in a clear uptrend chart pattern. some may see this as indecision or possible bearish behavior on the part of traders. with all the indications i pointed to in the prior bullet shows this to be buying in moderation in a clear uptrend mode.
• i have a full position in $GILD, cost @ 44.12. $GILD closed today @ 51.96, up 0.54% from yesterday’s close. i have no immediate plans to add to $GILD or trim it. sticking to my thesis this stock and other top biotechs will be market leaders for at least the next 9 – 12 mons. i will re-consider adding to or trimming $GILD after it reports earning later this month on about apr-24-2013.

disclosure(s):

1. I am long full positions in $GILD $BIIB $AMGN