Stocks On The Move - July 28

Stocks Rising On Heavy Volumn:

• Lawson Software Inc. (LWSN): the business application software maker for various industries soared 19.82% to $6.77 per share despite a delay in annual report as Deutsche Bank analyst gave bullish comment that the company has lowered investment risk. The stock has reversed its downward trend whic began in April of this year. Buyers saw opportunity as ROC is at oversold level and K line is about to go on top of D line indicating buy signal. The stock was the seventh leading gainer on Nasdaq today with 5.36 million shares traded or four times average volumn.
• Titanium Metals Corp. (TIE): shares of the Dallas, Texas based titanium product maker surged 11.81% today to $28.98 per share on soaring major indices. The technical chart shows its about time for the stock to rise as ROC is at oversold level and K line is about to go on top over D line. Monday would be a critical day as the stock has reached the ceiling. If the stock can keep going higher it may reverse the current downward trend which began in mid May. The stock was the eighth leading gainer on NYSE today with 7 million shares exchanged hands.

Stocks Dropping On Heavy Volumn:

• Genitope Corp. (GTOP): the Redwood City, CA based biotechnology company was left behind the strong market rally as it instead plummetted 48.57% to all time low of $2.87 per share on analyst downgrade as its data safety monitoring board recommended the study of the company's cancer drug would still need to keep going. It appears that the investors have lost faith on the development stage company as it still need to burn cash for couple of years before its drug went commercialized. Currently the company has 87 million in short term assets and with short term liabilities of 17 million and about 11 million net loss per quarter the company would need to raise cash again next year. However it's still too early for bankruptcy so this may actually be a good time to get some of the shares in huge discount as ROC shows the stock was oversold. The stock was the biggest loser on Nasdaq today with 7.57 million shares traded.
• Rackable Systems Inc. (RACK): shares of Milpitas, CA based computer storage system company plunged 39.19% to $21.23 per share on analyst downgrade after the company issued warning due to declining market and increased pricing pressure. The plunge created new floor for the stock but shoud triggered some bargain hunting as ROC is at oversold level. The stock was the second leading decliner on Nasdaq today with 22 million shares traded.