Thursday, February 03, 2005

Little Breakouts

I've been so busy at work, I really don't get a chance to check out the markets. I look forward to the day when I'm financially independent then I can focus on the markets 24 / 7. I'm shooting to reach this goal within 10 years.

So what's up with Cytyc (CYTC) and Qiagen (QGENF)? They both went up on huge volume. There's no news to account for these moves. Cytyc looks like it just bounced off its 200 day moving average (weekly chart). Qiagen is breaking out from a long base. Both companies are due to report soon, so we'll see. Qiagen is one of my favorite small cap plays, not really well known since it's based in Germany. I've held onto Qiagen since the ipo and have experienced the ups and downs, but have done well over all. It will be interesting to see if there's any follow through tomorrow. I like the feel of this market, still think there's more upside.


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