Stock Market Movers And Key Small Cap Alert july 13 2011

Stock Market Movers And Key Small Cap Alert july 13 2011 : As the markets shoot higher on QE3 prospects, many stocks are outperforming or look ready to blast higher. Let's take a look at a few. First, notice how the U.S. Dollar is collapsing today. This is helping commodity stocks rocket higher. Chevron Corporation (NYSE:CVX) is trading at $106.29, +1.90 (+1.82%). This is on the back of a powerful up move in oil. Be the first in the trade by taking the seven day free trial to the Research Center.

On the technology side, Apple Inc. (NASDAQ:AAPL) continues to near its 52 week, all time high at $364.90. It currently is trading at $359.25, +5.50 (+1.55%). Technology overall is having a big day. The Nasdaq is trading +39 points.

The financial stocks are also having a solid day. Of late, these have been lagging but appear to be helping the markets today. Goldman Sachs Group, Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM) are leading the charge. This is broad based rally today.

The key stock I wish to feature is OXiGENE, Inc. (NASDAQ:OXGN). This is a small cap, low float play with tons of shorts. It is a biotechnology stock with just a $23 million market cap. While it is currently trading at $2.43, it did trade higher than $6.00 just a few months ago. The consolidation pattern on the chart tells of a possible massive move up on the horizon. This would coincide with a squeeze to the shorts.

The key to this play is the pattern on the chart as well as the massive short position. Any sort of upswing would cause a larger move due to short covering. Watch this one in this range. To get more mega moving small caps, take the seven day free trial to the Research Center. (source http://www.inthemoneystocks.com/n_rant_and_rave_blog_single.php?id=13397 )