Posted Thursday, August 19, 2010 @ 7:00 am by Dr. Wish

Rally continues; Auto stocks strong and TTM at all-time high

GMI

2/6

GMI-R

4/10

What is the GMI?
 

WORDEN T2108

68%

The rally continues, with 120 new highs in my universe of 4,000 stocks on Wednesday.  Auto-related stocks are strong:  GMA, AZO and MGA hit highs.  Another strong auto stock is TTM, which this monthly chart shows broke out this week to an all-time high (click on chart to enlarge).

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