The symbol is IIVI; the chart is shown below. I found it looking through a scan for Climax Low buy signals. This one is attractive because of how the price pattern has "tightened up", and the price has pulled above the 50-day exponential moving average (shown in blue), and it's now corrected just back down to the average, and today there was a Climax Low buy signal (shown below as a blue candlestick), and the Accumulation / Distribution ratio is a healthy 58%.

IIVI was just one of 99 stocks showing Climax Low signals, across our database of approximately 3000 symbols (roughly corresponding to the Russell-3000 index). It's a significant number, tending to confirm a signal on a given stock, but isn't too overwhelming or obvious.

The total daily number of Climax Low buy signals is shown below in the 2nd indicator window, as a blue line. The number of Climax High sell signals (which are the approximate inverse of the CL buy signals) is shown in the top indicator window, in red. Note how, after some internal correction, the waves of sell signals appear to have subsided and the blue buy signals are starting to kick in again.

I used the Gigascanner free chart-based stock scanner to find stocks generating Climax Low buy signals, sorted by Market Capitalization, without any other conditions or filters. There were 47 stocks putting out Climax Lows altogether - not exactly a huge wave which would indicate a significant market turning-point, but that's not needed for a given buy signal to work reliably. The top half of the list is of interest, since the big stocks will tend to show less volatility than the smaller ones, and also the buy signals are known to be more accurate, and consistent.

Interestingly, about half of the stocks (in the top half of the list) were Utility stocks, indicating a general trend within the group. These are stocks involved with oil and gas exploration and production, and electrical power generation. Some of them are paying a very high dividend yield. Now might be an excellent time to swing a portion of your portfolio into a basket of Utility stocks. Shown below are charts for some of the best-looking ones, including those killer blue Climax Low buy signals of which we speak.

Dominion Resources - D

Centerpoint Energy - CNP

Northeast Utilities - NU

CMS Energy Corporation - CMS

QEP Resources - QEP

UGI Corporation - UGI

CH Energy Group - CHG

I think we have a rare buying opportunity on a hot stock, symbol QCOR.

The stock got whacked by about 15% yesterday on news that something called "StreetSweeper" was going to come out with a derogatory article about the company's marketing and business practices.

Indications are that the as-yet unspecified allegations are groundless, and the forthcoming article (assuming it sees the light of day) is either an uninformed opinion or an attempt to manipulate the price.

Here's a snipped from the news with Oppenheimer's take on it. They're not the only ones, numerous others have the same opinion.

"Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR):

Questcor weakness unwarranted. Oppenheimer says buy Questcor on weakness caused by investor blog allegations. The firm thinks the allegations are groundless, but will taint the stock until they are cleared up."

Technically, the stock has tumbled back down to the exact point where it had a new-high breakout from a few months ago, right around $35.00.

The assumption is that yesterday's whack was nothing but a shake-out, and that support will hold. If so, the low has been set, and the price will move upward from here. 

Here's the chart: