Archive for June 29, 2012

Dow 30 Biggest Gainers and Losers on June 29th, 2012

Winners Today: BAC CSCO UTX HPQ BA

Laggards today: JPM

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Lead Gainers in the Nasdaq 100 Today: VRTX, CTXS, CTSH, FFIV, ADSK, NTAP, STX, CERN, BIDU, MU (Jun-29-2012)

NASDAQ Movers to the Upside Today

Vertex Pharmaceuticals Incorporated
VRTX is one of the market movers to the upside today with unusually high volume, 1.57 times more than usual. At the end of the day, it was last traded at a price of $55.92 per share, up $4.74 or 9.26%. VRTX closed positively in 6 of the last 10 trading days. Today’s closing figure is a rebound after yesterday’s sell off. In the short term, the trend is bearish and the stock price could have further downside from the current level in the short term. Traders should wait for further indicators to confirm this declining trend before shorting the stock at this level. VRTX is finding support near $50.69 and resistance near $59.11. The current price of the stock is between its 50 days moving average and 200 days moving average. It has a 52 week high of $66.10 and a 52 week low of $26.50, with a current market capitalization of 11.80B and a PE ratio of 41.96. » Read more..

Lead Laggards in the Nasdaq 100 Today: RIMM, WCRX, SIRI, VOD (Jun-29-2012)

NASDAQ Movers to the Downside Today

Research In Motion Limited (USA)
Traders are selling off shares of Research In Motion Limited (USA) today. At the close of the market RIMM stock price plunged by $1.74 or -19.06%. It closed at a price of $7.39 with unusually high volume, 4.53 times more than usual. RIMM sets a new 52 week low today at $7.34, dips below its previous record low of $8.83 last seen on June 26th, 2012. On the positive side, investors are buying back shares in after hour trading. RIMM is up so far by $0.01 or 0.14% in the after market session. RIMM declined in 7 of the last 10 trading days. Today’s movement extends the stock’s decline from yesterday. The trend is bearish and the stock price could have further downside from the current trading range in the near term. Investors are recommended to wait for further indicators to confirm this downward movement before placing a bet at this level. RIMM is finding support near $6.93 and resistance near $8.21. Research In Motion Limited (USA)’s PE ratio is 0.00 and has a current market cap of 3.81B. Its 52 week high is $33.54 and 52 week low is $7.34. The stock is trading below both of its 50 days moving average and 200 days moving average. » Read more..

TSX 60: YLO.TO, RIM.TO in the Spotlight Today (Jun-29-2012)

Blue Chip Stocks Gained in the TSX 60 Today

Yellow Media Inc helped the TSX 60 gain ground today in the market, up $0.01 or 16.67%. YLO ended the day at $0.04 after flipping between $0.03 and $0.04. The volume is unusually low, only 14 percent of its average volume with 118,736 shares changed hands. The stock touched its 52-week low but managed to keep itself from dipping below it. Today’s closing figure is a rebound after yesterday’s dip. YLO ended the session positively in 3 of the last 10 trading days. The trend is bullish. Traders should watch the stock closely when it trades around the support and resistant levels near $0.03 and $0.05 respectively. Looking at the stock price within the past 12 months, the stock is extremely oversold. Long term investors may want to buy into the stock around this price and wait for it to rebound in the coming months. However, be careful that it could move lower. The risk is high and taders must have a plan on when to get out or set tight stop loss. Yellow Media Inc is a company in the Consumer Discretionary sector, it has a market cap of 18.21M and its PE ratio is 0.00. The stock’s 52 week high is at $2.82 and 52 week low is at $0.03. YLO is now trading at $6.09 or 99.51% below its 50 day moving average (at $6.12). » Read more..

Dow 30 Biggest Gainers and Losers on June 28th, 2012

Winners Today: CVX CAT MRK GE KO

Laggards today: JPM CSCO INTC MSFT IBM

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Research In Motion 1st Quarter Result: Misses on Both EPS and Revenue

Research In Motion Limited┬áposted its fiscal 2013 Q1 earning result after market closed today. RIMM posted an EPS (earning per share) of -$0.37 vs the consensus estimates of -$0.07. On the revenue side, it produced revenue of $2.80 billion, consensus is expecting $3.11 billion. Overall, Research In Motion Limited misses on both earning per share and income expectation. The earning per share figure is below analysts estimation by 30 cents and income misses by approximately 10%. It must have been an ugly quarter for RIMM. Research In Motion Limited’s revenue decreased 43% in the first quarter from $4.90 billion in the same period last year. Compare to last quarter RIMM posted $4.20 billion in revenue. The company’s EPS decreased by 128% from $1.33 over the same period last year. EPS last quarter was 0.80 cents.

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Lead Gainers in the Nasdaq 100 Today: MU, JOYG, ESRX, WCRX, COST, NFLX, GMCR, SHLD, NVDA, FAST (Jun-28-2012)

NASDAQ Movers to the Upside Today

Micron Technology, Inc.
MU traded higher today on above average volume, 1.26 times more than usual. At the close of the day, it was trading at $5.97, up $0.25 or 4.37%. However, investors are pulling back from the stock in after hour trading. MU is so far down $0.04 or -0.67% in the after market session. MU closed positively in 7 of the last 10 trading days. Today’s gain adds to the stock’s 2 days winning streak. The trend for this stock is bullish but the stock price is likely to be range bounded between the current trading range in the short term. MU is predicted to find support near $5.72 and resistance near $6.1. Be careful there could be a pull back or buy back when the stock trades at these support and resistance. The stock is trading between its 50 days moving average and 200 days moving average. It has a 52 week high of $9.16 and a 52 week low of $3.97, with a market capitalization of 5.91B and a price to earning ratio of 0.00. » Read more..

Lead Laggards in the Nasdaq 100 Today: VRTX, STX, FFIV, FSLR, CHKP, EBAY, ROST, DELL, ALXN, CTXS (Jun-28-2012)

NASDAQ Movers to the Downside Today

Vertex Pharmaceuticals Incorporated
Traders are getting rid of their shares of Vertex Pharmaceuticals Incorporated today. At the end of the trading session VRTX shares plunged by $9.93 or -16.25%. It closed at a price of $51.18 per share with unusually high volume, 5.75 times more than usual. On the positive side, investors are coming back to the stock in after hour trading. VRTX is up so far by $0.34 or 0.66% in the after market session. VRTX declined in 3 of the last 10 trading days. Today’s drop puts an end to the stock’s 2 days winning streak. Technical indicators is bearish and the stock price could decrease from the current trading range in the short term. Investors are recommended to wait for further confirmations to this declining trend before buying the stock here. VRTX is predicted to find support near $43.09 and resistance near $60.71. Vertex Pharmaceuticals Incorporated’s price to earning ratio is 38.40 and has a market capitalization of 10.80B. Its 52 week high is $66.10 and 52 week low is $26.50. The current price of the stock is between its 50 days moving average and 200 days moving average. » Read more..

TSX 60: ARX.TO, K.TO in the Spotlight Today (Jun-28-2012)

Blue Chip Stocks Gained in the TSX 60 Today

ARC Resources Ltd traded higher today in the market, up $1.77 or 8.67%. ARX ended the day at a price of $22.19 per share after flipping between $21.24 and $22.40. The volume is unusually high, 3.3 times more than average with 2,930,000 shares exchanged. The movement today extends the stock’s gain from yesterday. ARX closed positively in 5 of the last 10 trading sessions. The trend is bullish. Traders should watch the stock when it trades nearly the short term support and resistant levels near $20.78 and $23.1 respectively. ARC Resources Ltd is a company in the Energy sector, it has a current market cap of 6.44B and its price to earning ratio is 24.20. ARC Resources Ltd also pays a 5.41% dividend to shareholders on an annual basis. The stock’s 52 week high is at $26.74 and 52 week low is at $18.37. ARX is now trading at $4.18 or 16.99% below its 50 day moving average (at $24.60). » Read more..

Dow 30 Biggest Gainers and Losers on June 27th, 2012

Winners Today: JPM BAC AA GE DD

Laggards today: MCD CAT CSCO

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