Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Exterran Holdings (NYSE: EXH ) rose more than 11% in early trading before closing up 10%. The rally came just three trading days after the stock hit a new 52-week low of $8.07 a share.
So what: No specific news fueled the rally, but I'm not sure it matters. Judging by the pattern -- sharp decline followed by a volume-driven rally -- it looks as if Big Money investors saw Friday's selloff as an opportunity.
Now what: Rising oil prices could also be to blame, but fleet operators such as DryShips (Nasdaq: DRYS ) and Transocean (NYSE: RIG ) fell as Exterran rallied today. Industrywide forces don't seem to be responsible for the gains. Either way, Exterran is growing fast and on track to cut net losses in half next year. Is that enough momentum to get you interested? Would you buy shares of Exterran Holdings at these levels? Please weigh in using the comments box below.
Interested in more info on Exterran Holdings? Add it to your watchlist.