Author: Ivanhoff

Allot Communications Advances 12% to Close at All-Time High

$ALLT bounced from its rising 20dma on double its average daily volume to finish the day at levels never seen before. The stock is up 64’% YTD. Allot is an Israeli company  that is considered one of the major plays in Internet security as its systems scan and filter Internet flow for viruses, spam and unauthorized intruders. It is scheduled to report earnings on August 9th.

$FTNT, which is another play in Internet security, is down 18% after hours despite beating the estimates by a cent. Let’s see if the weakness in $FTNT will affect negatively $ALLT in the near-term perspective.

Other notable stocks on the all-time high list include, but are not limited to: $UAN $WCN $UA $TJX $SHOO $SBNY $PVH $RDEN $RRTS $NUS $MAA $LULU $NPO $FOSL $GTLS $EL $CRM $CLH $CRMT $GTLS $CATM $CASY $BWLD $BCPC $AMZN $AAPL

ZAGG Closes at All-Time High with 74% of its Float Short

There are not many stocks on the all-time list, but those that are there, have catalysts with a potential for higher prices in the near-term perspective. Zagg Corporation ($ZAGG), which manufactures protective coverings for mobile phones and other hand-held devices, advanced almost 3% in a week tape. The staggering 74% of its small float (which is 15.29M shares) is sold short. If the market cooperates and sends the stock above $16, there might be an epic short squeeze. I will be watching carefully.

Other names on the all-time high list today include:
$AAPL $WYNN $GSVC $BCPC $CVV $EVEP $CHT $RGLD $MVO

JAZZ Breaks Out to New Highs

$JAZZ advanced almost 6% to new all-time high on double its average daily volume. The stock has gained 325% for the past year. It managed to recover from a 25% correction in May-June. The company beat the eps estimates by a small margin for four consecutive quarters. Next earnings reports in due July 28, AMC.

Some notable moves to new 52-week high include: $NUS $TIN $OCN $DDS $SCLN $PVH $GLUU $MSTR