The Groupmark China Index continues to push into new recovery high territory. Volume picked up for the fourth day in a row to 97mm shares the highest volume in several weeks. Also the list of stocks making 52 week highs increased to 9, another recovery high.
Stocks making new highs.
The Groupmark China Index closed at 2206.43 a new high for 2009. It was accompanied with volume of more than 83 million shares, the heaviest volume in 4 weeks. Another interesting development is in the new high data. On Thursday and Friday we had more new highs than any other time this year.
Here are the charts of the stocks that made new highs this week.
Keep an eye on our list of new highs as well as stocks that are starting to move above their moving averages in order to get on board a potential new major trend.