There are more than 5,000 individual stocks and funds listed on the combined NYSE and NASDAQ. We put those through a quantitative price performance filter to identify those that may be in a short-term upward or downward movement.

The universe of US stocks was all those with a 20-day average volume >= 100,000 shares, and a 60-day average price >= $1.

We used three levels of stringency.

Level One - Upward Price Action Filter (872 stocks passed):

Close > 20-day SMA 20-day SMA > 50-day SMA 20-day SMA > 20-day SMA 5 days ago 20-day SMA  5 days ago > 20-day SMA 10 days ago 20-day SMA 10 days ago > 20-day SMA 15 days ago 50-day SMA > 50-day SMA 5 days ago 50-day SMA 5 days ago > 50-day SMA 10 days ago 50-day SMA 10 days ago > 50-day SMA 15 days ago

Level Two Additional  Upward Price Action Criteria (482 passed):

Close > 5-day SMA 5-day SMA > 20-day SMA 5-day ...

For Immediate Release

Chicago, IL - April 6, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Rackable Systems (RACK), Silicon Graphics (SGIC), Applied Materials (AMAT), ASML Holding N.V. (ASML) and Kimco Realty (KIM).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Friday's Analyst Blog:

RACK to Acquire SGIC

RACK to Acquire SGIC (RACK $3.99, Zacks recommendation: Hold, target price $4.50) has announced that it will acquire Silicon Graphics (SGIC) for about $25 million, plus the assumption of certain liabilities (amount not disclosed).

RACK will

...

Rackable Systems (RACK $3.99, Zacks recommendation: Hold, target price $4.50) has announced that it will acquire Silicon Graphics (SGIC) for about $25 million, plus the assumption of certain liabilities (amount not disclosed).

RACK will also suspend (but not eliminate) its current stock buy-back.

SGIC was a well known maker of advanced graphics workstations and associated software. Although the technology used in the current server market is advanced versions of the standard Intel (x86) architecture, SGIC has intellectual property that spans several areas of computing and storage as well as a worldwide service organization. This may be of value to RACK as it competes with other server companies such as IBM, HP and Sun.

Read the full analyst report on "RACK"Zacks Investment Research