Hello trader, I'm sorry to hear that the another big earthquake hit Japan, reminding us about the nuclear issue. The stock market is going sideways today but there are two stocks which make their new high. Let's take a look at them.
Bed Bath & Beyond Inc Chart
TPC Group Inc Chart
The stocks are Bed Bath & Beyond Inc (BBBY) and TPC Group Inc (TPCG). They have the same patterns ie rectangle breakout. Both of them are supported by high volume, strong MACD movement and both of their 20 days simple moving averages are ready to cross above their 50 days simple moving averages. We can see that they are good momentum stocks and their stock price would rise soon.
Goodluck!
Source:
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