SEH, ERIC, TTMI, RES, ELN, CLNE. Top Gainers With Lowest Price Friction In Morning Trade Today
July 1, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for July 1, 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 afair market makinga 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. Spartech (NYSE: SEH), LM Ericsson (NASDAQ: ERIC), TTM Technologies (NASDAQ: TTMI), RPC Inc. (NYSE: RES), Elan Corp (NYSE: ELN) and Clean Energy Fuels (NASDAQ: CLNE). 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
SEH $0.67 7.29% 27,747 51.01% 20,183 37.10% 7,564 113
ERIC $0.53 5.42% 988,423 53.24% 868,191 46.76% 120,232 2,269
TTMI $0.45 5.65% 18,671 73.68% 6,671 26.32% 12,000 267
RES $0.45 5.41% 25,644 51.29% 16,750 33.50% 8,894 198
ELN $0.42 6.59% 1,219,952 47.67% 1,103,471 43.12% 116,481 2,773
CLNE $0.42 4.88% 65,263 53.98% 55,530 45.93% 9,733 232
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 SEH with a dollar gain this morning of +$0.67 and a Friction Factor of 113 shares. That means that it only takes 113 more shares of buying than selling to move SEH 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.
Spartech Corporation (NYSE: SHE), together with its subsidiaries, operates as an intermediary processor of engineered thermoplastics in North America and Europe. The companya�s Custom Sheet and Rollstock segment manufactures plastic sheets, custom rollstocks, laminates, and cell cast acrylic for use in various applications, including packaging, transportation, building and construction, recreation and leisure, electronics and appliances, signs/advertising, and aerospace markets. Its Packaging Technologies segment manufactures plastic packages and rollstocks primarily used in the food and consumer product markets. The companya�s Color and Specialty Compounds segment manufactures custom-designed plastic alloys, compounds, color concentrates, and calendered film for utilization by various manufacturing customers servicing the automotive, building and construction, food/medical packaging, lawn and garden, and electronics and appliances sectors. Spartech Corporation also manufactures various products, including thermoplastic tires and wheels for the medical, lawn and garden, refuse container, and toy markets; profile window frames and fencing for the building and construction market; and doors, hatches, cabinets, and windscreens for boat manufacturers. The company sells its products primarily to original equipment manufacturers through its sales force, as well as through independent sales representatives and wholesale distributors. Spartech was founded in 1947 and is headquartered in Clayton, Missouri.
Ericsson (NASDAQ: ERIC) opens all lines of communication. The world's leading maker of mobile broadband infrastructure provides the equipment that telecom service providers use to build and expand networks. The company also provides wireline broadband, metro-area Ethernet, and optical transport equipment. Its services unit handles operations ranging from systems integration to managed networks. The company also provides content-related products such as Internet television systems. Ericsson's joint venture with Sony, Sony Ericsson Mobile Communications, ranks among the top providers of mobile handsets.
TTM Technologies, Inc. (NASDAQ: TTMI) manufactures printed circuit boards and backplane assemblies in the United States and internationally. It serves commercial markets, as well as aerospace/defense markets, including the networking/communications infrastructure, computing, defense, and industrial/medical markets; and original equipment manufacturers and electronic manufacturing services companies. The company, formerly known as Pacific Circuits, Inc., was founded in 1978 and is based in Santa Ana, California.
RPC, Inc. (NYSE: RES), an oil and gas services company, provides various oilfield services and equipment to the oil and gas companies. It operates in two segments, Technical Services and Support Services. The Technical Services segment offers pressure pumping, coiled tubing, snubbing, nitrogen pumping, well control consulting and firefighting, wireline, and fluid pumping services. This segment also provides downhole motors, fishing tools, and other specialized downhole tools. The Support Services segment offers equipment and services, including drill pipe and related tools; pipe handling, inspection, and storage services; and oilfield training services. This segment also involves in the rental of diverters, drill pipes, drill collars, handling tools, and hoses that are used for onshore and offshore oil and gas well drilling, completion, and workover activities. It serves companies that engage in the exploration, production, and development of oil and gas properties in the United States, including the Gulf of Mexico, mid-continent, southwest, and Rocky Mountain regions, as well as in Africa, Canada, China, eastern Europe, Latin America, and the Middle East. The company was founded in 1984 and is headquartered in Atlanta, Georgia.
Elan Corporation, plc (NYSE: ELN) operates as a neuroscience-based biotechnology company primarily in Ireland and the United States. It operates in two segments, Biopharmaceuticals and Elan Drug Technologies (EDT). The Biopharmaceuticals segment engages in the research, development, and commercial activities primarily in Alzheimera�s disease, Parkinsona�s disease, multiple sclerosis, Crohna�s disease, severe chronic pain, and infectious diseases. It offers Tysabri, an alpha 4 integrin antagonist for the treatment of relapsing forms of multiple sclerosis; Prialt for the management of severe chronic pain; Maxipime, an injectable cephalosporin antibiotic to treat serious and/or life-threatening infections; and Azactam, an injectable antibiotic to treat pneumonia, post-surgical infections, and septicemia. This segment, through collaboration with Biogen Idec, Inc., develops and markets Tysabri as a treatment for Crohna�s disease. It also develops ELND005, a small molecule therapeutic that acts by breaking down and preventing the aggregation of beta amlyoid fibrils in collaboration with Transition Therapeutics, Inc. In addition, Biopharmaceuticals segment, through collaboration with Wyeth, develops beta amyloid immunotherapies, including AAB-001 and ACC-001, which are in various stages of development for the treatment of Alzheimera�s disease. The EDT segment engages in the development and manufacture of drug optimization technologies. It also offers a range of services, which include formulation development, clinical trial management, analytical development, clinical trial material manufacturing, scale-up, product registration support, and supply chain management for client products. Elan Corporation sells its products primarily to drug wholesalers worldwide. It has a development agreement with Circ Pharma Limited to develop a chronotherapeutic formulation of Tramadol for the treatment of severe pain. The company was founded in 1969 and is headquartered in Dublin, Ireland.
Clean Energy Fuels Corp. (NASDAQ: CLNE), together with its subsidiaries, offers natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It designs, builds, finances, and operates fueling stations and supplies compressed and liquefied natural gas. The company also produces renewable biomethane. The company serves approximately 320 fleet customers operating 15,000 natural gas vehicles in public transit, refuse hauling, airports, taxis, seaports, and regional trucking markets. As of December 31, 2008, Clean Energy Fuels Corp. owned and operated 176 natural gas fueling stations in Arizona, California, Colorado, Maryland, Massachusetts, Nevada, New Mexico, New York, Texas, Washington, Georgia, Wyoming; and British Columbia and Ontario, Canada. The company was incorporated in 2001 and is headquartered in Seal Beach, California.
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