ACO, PCS, MTL, ALGN, INSU, OC. Top Gainers With Lowest Price Friction In Morning Trade Today
June 23, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 23, 2009. Since late October market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This fair market making requirement is designed to prevent market makers from manipulating stock prices. Here is a list of the top companies with the largest gains this morning and lowest price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. Amcol International (NYSE: ACO), MetroPCS Communications (NYSE: PCS), Mechel (NYSE: MTL), Align Technology (NASDAQ: ALGN), Insituform Technologies (NASDAQ: INSU) and Owens Corning (NYSE: OC). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .
Market Maker Friction Factor is shown in the chart below:
Symbol Change % BuyVol Buy% SellVol Sell% NetVol Friction
ACO $1.16 5.60% 6,550 47.15% 5,343 38.46% 1,207 10
PCS $1.03 7.56% 1,865,488 42.60% 1,518,682 34.68% 346,806 3,367
MTL $0.77 10.03% 1,049,063 42.81% 980,187 40.00% 68,876 894
ALGN $0.76 8.01% 123,735 54.26% 103,809 45.52% 19,926 262
INSU $0.76 4.95% 23,323 56.23% 17,852 43.04% 5,471 72
OC $0.70 6.64% 178,154 44.04% 154,119 38.10% 24,035 343
Click here to view chart:
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar gains (Change) and very low price friction in their stocks. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.
For example, the chart above shows ACO with a dollar gain this morning of +$1.16 and a Friction Factor of 10 shares. That means that it only takes 10 more shares of buying than selling to move ACO higher by one penny. The Market Makers are currently allowing the stock to rise quickly (low friction). The combination of low friction and positive market direction can drive prices higher much faster than normal.
Amcol International Corporation (NYSE: ACO), through its subsidiaries, operates as a specialty minerals company in the Americas, Europe, and the Asia Pacific. The company�s Minerals Segment offers custom-blended bentonite and allied non-bentonite products; formulated additives; and sodium bentonite-based scoopable, traditional, and alternative cat litters, as well as specialty pet products to grocery and drug stores, mass merchandisers, wholesale clubs, and pet specialty stores. It also provides sodium bentonite and leonardite used in oil and gas well drilling; bentonite and bentonite blends for the construction industry; agglomerated bentonite to the detergent industry; adsorbent polymers and purified grades of bentonite ingredients for personal skin care products; and nanoclays. Its Environmental segment offers geosynthetic clay liner products for lining and capping landfills, and for containment in tank farms, storm water containment systems, waste stabilization lagoons, sewage lagoons, and mine site and wetlands reclamation applications; waterproofing and roofing underlayment systems; and drilling products. The company�s Oilfield Services segment provides onshore and offshore water treatment filtration, pipeline separation, waste fluid treatment, rental tools, coil tubing, and well testing data services for the oil and gas industry. This segment also offers liquid nitrogen with its personnel and mobile equipment to the production platforms, pipeline operators, and refineries; and rents high-pressure pumps, iron, and manifolds to oil and gas production platform operators. Its Transportation segment offers long-haul trucking and freight brokerage services primarily for the delivery of finished products in the continental United States. The company was formerly known as American Colloid Company and changed its name to AMCOL International Corporation in 1995. AMCOL International Corporation was founded in 1924 and is headquartered in Hoffman Estates, Illinois.
MetroPCS Communications, Inc. (NYSE: PCS), a wireless telecommunications carrier, offers wireless broadband mobile services in the United States. The company�s services comprise voice services that allow customers to place voice calls to, and receive calls from, any telephone in the world, including local, domestic long distance, and international calls; data services, such as ringtones, ring back tones, games and content applications, text and multimedia messaging services, mobile Internet browsing, mobile instant messaging, location based services, social networking services, and push e-mail; and custom calling features consisting of caller ID, call waiting, three-way calling, and voicemail. It also sells mobile handsets. The company sells its products and services, under the MetroPCS brand name, directly through company-operated retail stores and indirectly through independent retail outlets, as well as through Internet. As of December 31, 2008, it operated approximately 127 retail stores in the metropolitan areas of Atlanta, Dallas/Ft. Worth, Detroit, Las Vegas, Los Angeles, Miami, Orlando/Jacksonville, Philadelphia, San Francisco, Sacramento, and Tampa/Sarasota. The company was founded in 1994 and is headquartered in Richardson, Texas.
Mechel OAO (NYSE: MTL), an open joint stock company, through its subsidiaries, operates as a mining and steel company. The company engages in the production and sale of coking and steam coal concentrate, steam coal, iron ore concentrate, and ferronickel that are used in the production of steel. It also produces semi-finished steel products; carbon and specialty long products; carbon and stainless flat products; value-added downstream metal products, including hardware, forgings, and stampings; high grade ferrosilicon; and coke and coking products. As of January 1, 2008, the company had proven and probable reserves of 510.3 million tones of coal; 50.9 million tones of iron ore; 12.0 million tones of nickel ore; and 17.4 million tones of limestone. Mechel OAO sells its products in Russia, other Common Wealth of Independent States, Europe, Asia, the Middle East, and the United States. The company was founded in 2003 and is headquartered in Moscow, Russia.
Align Technology, Inc. (NASDAQ: ALGN) designs, manufactures, and markets the invisalign system for treating malocclusion or the misalignment of teeth. Invisalign corrects malocclusion using a series of clear, nearly invisible, removable appliances that gently move teeth to a desired final position. The company�s products include Invisalign Full for the treatment of a range of malocclusions; Invisalign Express, a solution for less complex orthodontic cases; Invisalign Teen, which is designed to meet the specific needs of the non-adult comprehensive or teen treatment market; Vivera retainers that offer aesthetic retention solution for invisalign and non-invisalign patients; and Invisalign Assist, which is designed for general practitioners for selecting, monitoring, and finishing invisalign cases. It also offers ancillary products comprising cleaning material and adjusting tools for dental professionals. Align Technology, Inc. distributes its products directly to orthodontists and general practitioner dentists in North America, Europe, the Asia Pacific, Latin America, and Japan. The company was founded in 1997 and is headquartered in Santa Clara, California.
Insituform Technologies, Inc. (NASDAQ: INSU), together with its subsidiaries, provides proprietary trenchless technologies to rehabilitate, replace, maintain, and install underground pipes. It offers Insituform CIPP Process for the rehabilitation of sewers, pipelines, and other conduits; iPlus Infusion Process, a trenchless method used for the rehabilitation of small-diameter sewer pipelines; iPlus Composite Process for the rehabilitation of large-diameter sewer pipelines; InsituGuard, InsituFlex, and InsituFold Processes for rehabilitating transmission and distribution water mains using high-density polyethylene liners; and Thermopipe Lining System, a polyester-reinforced polyethylene lining system for the rehabilitation of distribution water mains. The company also provides iTAP Process, a robotic method for reinstating potable water service connections from inside a water main; Insituform RPP Process, a trenchless technology used for the rehabilitation of forced sewer mains and industrial pressure pipelines; Insituform PPL Process for the rehabilitation of drinking water and industrial pressure pipelines; Sliplining, a method used to push or pull a new pipeline into an old one; and Pipebursting for replacing deteriorated or undersized pipelines. In addition, Insituform Technologies offers Tite Liner process, a method of lining new and existing pipe with a corrosion and abrasion resistant high-density polyethylene pipe; and Safetyliner Liner, a grooved high-density polyethylene liner that is installed in an industrial pipeline using the Tite Liner process. It has operations in the United States, Canada, the Netherlands, France, Switzerland, Chile, Spain, Mexico, Poland, Romania, Belgium, Europe, and Asia. The company was formerly known as Insituform of North America, Inc. and changed its name to Insituform Technologies, Inc. in 1992. Insituform Technologies was founded in 1980 and is headquartered in Chesterfield, Missouri.
Owens Corning (NYSE: OC), through its subsidiaries, provides composite and building materials systems. The company operates in four segments: Insulating Systems, Roofing and Asphalt, Other Building Materials and Services, and Composite Solutions. The Insulating Systems segment manufactures and sells insulation products, including thermal and acoustical batts, loose fill insulation, foam sheathing, and accessories. The Roofing and Asphalt segment manufactures and sells laminate and strip asphalt roofing shingles, as well as other products, including oxidized asphalt and roofing accessories. The Other Building Materials and Services segment manufactures and sells manufactured stone and brick veneers used in residential and commercial new construction and remodeling. It also provides basement finishing, sun room solutions, replacement windows services to the home remodeling market. The Composite Solutions segment manufactures, fabricates, and sells glass fiber reinforcements, mat, veil, and specialized products that are used in various composite material systems in the transportation, building construction, telecommunications, and electronics markets. The company sells its products through home centers, lumberyards, retailers, distributors, and contractors primarily in the United States, Europe, and Canada. Owens Corning was founded in 1938 and is headquartered in Toledo, Ohio.
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