Lead Laggards in the Nasdaq 100 Today: COST, LRCX, KLAC, CMCSA, ROST, ATVI, CTRP, TEVA, MU, ESRX (Aug-24-2017)

NASDAQ Movers to the Downside Today

Costco Wholesale Corporation
Traders are getting rid of their shares of Costco Wholesale Corporation today. At the end of the trading session COST shares plunged by $8.04 or -5.04%. It ended the day at $151.33 with unusually high volume, 3.04 times more than usual. On a positive note, investors are buying back shares in after hour trading. COST is up so far by $0.38 or 0.25% in the after market session. COST ended the session negatively in 5 of the last 10 trading days. Today’s closing figure puts an end to the stock’s 2 days winning streak. The trend is bearish and the stock price could accelerate lower from the current trading range in the near term. Investors should wait for further indicators to confirm this declining trend before taking a position at this level. COST should find technical support near $144.79 and resistance near $163.93. Costco Wholesale Corporation’s price to earning ratio is 26.24 and has a current market cap of 66.37B. Its 52 week high is $183.18 and 52 week low is $142.11. Costco Wholesale Corporation also has a dividend yield of 1.32% on an annual basis.

Lam Research Corporation
Investors are selling shares of Lam Research Corporation today. At the close of the market LRCX stock price plummeted by $2.88 or -1.78%. It ended the day at a price of $158.82 with below average volume, only 59 percent of its usual volume. On a positive note, traders are coming back to the stock in after hour trading. LRCX is up so far by $0.28 or 0.18% in the after market session. LRCX declined in 4 of the last 10 trading days. Today’s drop extends the stock’s decline from yesterday. The trend for this stock is slightly bearish. However, major downtrend in the near term is unlikely until a breakout from the current trading range is spotted. LRCX should find technical support near $157.01 and resistance near $161.72. Be careful there could be a pull back or buy back when the stock reaches these prices. Lam Research Corporation’s price to earning ratio is 17.25 and has a current market capitalization of 25.80B. Its 52 week high is $170.00 and 52 week low is $89.80. Lam Research Corporation also has a dividend yield of 1.13% on an annual basis.

KLA-Tencor Corporation
Traders are dumping shares of KLA-Tencor Corporation today. At the end of the trading session KLAC stock price plunged by $1.15 or -1.26%. It closed at $90.30 per share with below average volume. KLAC closed negatively in 5 of the last 10 trading days. The decline today extends the stock’s decline from yesterday. The trend for this stock is slightly bearish. However, major movement in the medium term is not expected until a breakout to the downside is spotted. KLAC is finding support near $89.48 and resistance near $91.49. Look for a pull back or buy back when the stock trades at these support and resistance. KLA-Tencor Corporation’s price to earning ratio is 15.36 and has a market cap of 14.16B. Its 52 week high is $109.59 and 52 week low is $66.89. KLA-Tencor Corporation also has a dividend yield of 2.61% on an annual basis.

Comcast Corporation
Investors are getting rid of their shares of Comcast Corporation today. At the end of the day CMCSA shares plummeted by $0.51 or -1.25%. It set the close at $40.14 with below average volume. CMCSA declined in 4 of the last 10 trading days. Today’s drop extends the stock’s decline from yesterday. Technical indicators is bearish and the stock price could decrease from the current level in the medium term. Investors are recommended to wait for further indicators to confirm this declining trend before buying the stock at this level. CMCSA is finding support near $39.47 and resistance near $41.21. Comcast Corporation’s price to earning ratio is 19.82 and has a market cap of 189.19B. Its 52 week high is $42.18 and 52 week low is $30.02. Comcast Corporation also has a dividend yield of 1.57% annually.

Ross Stores, Inc.
Investors are selling off shares of Ross Stores, Inc. today. At the end of the day ROST stock price dropped by $0.59 or -1.00%. It set the close at $58.33 with average volume. ROST closed lower in 6 of the last 10 trading days. Today’s decline extends the stock’s decline from yesterday. Technical indicators is bullish and the stock price could increase from the current level in the near term. Traders should wait for further indicators to confirm this up leg before stepping in here. ROST should find technical support near $56.43 and resistance near $61.75. Ross Stores, Inc.’s price to earning ratio is 19.23 and has a current market cap of 22.70B. Its 52 week high is $69.81 and 52 week low is $52.85. Ross Stores, Inc. also has a dividend yield of 1.10% annually.

Activision Blizzard, Inc.
Investors are selling off shares of Activision Blizzard, Inc. today. At the end of the day ATVI shares dropped by $0.58 or -0.91%. It set the close at a price of $63.43 with below average volume, only 68 percent of its usual volume. On a positive note, traders are buying back shares in after hour trading. ATVI is up so far by $0.05 or 0.08% in the after market session. ATVI closed negatively in 4 of the last 10 trading days. Today’s movement extends the stock’s decline from yesterday. Technical indicators is bullish and the stock price could increase from the current level in the short term. Investors should wait for further indicators to confirm this upward movement before taking a position here. ATVI is predicted to find support near $61.91 and resistance near $65.21. Activision Blizzard, Inc.’s PE ratio is 43.03 and has a current market capitalization of 47.88B. Its 52 week high is $64.48 and 52 week low is $35.12. Activision Blizzard, Inc. also has a dividend yield of 0.47% annually.

Ctrip.com International, Ltd. (ADR)
Investors are dumping shares of Ctrip.com International, Ltd. (ADR) today. At market close CTRP shares plummeted by $0.46 or -0.86%. It set the close at a price of $52.85 per share with average volume. On the positive side, investors are buying back shares in after hour trading. CTRP is up so far by $0.06 or 0.11% in the after market session. CTRP closed negatively in 6 of the last 10 trading days. Today’s decline puts an end to the stock’s 4 days winning streak. The trend for this stock is slightly bearish. However, major downtrend in the medium term is unlikely until a breakout to the downside is spotted. CTRP is finding support near $52.08 and resistance near $53.66. Watch out for a trend reversal when the stock trades at these prices. Ctrip.com International, Ltd. (ADR)’s price to earning ratio is 965.30 and has a market cap of 27.12B. Its 52 week high is $60.65 and 52 week low is $39.71.

Teva Pharmaceutical Industries Ltd (ADR)
Investors are getting rid of their shares of Teva Pharmaceutical Industries Ltd (ADR) today. At the end of the day TEVA shares dropped by $0.13 or -0.79%. It set the close at a price of $16.36 with average volume. TEVA sets a new 52 week low today at $15.85, dips below its previous record low of $31.90 set on February 8th, 2017. On the positive side, investors are coming back to the stock in after hour trading. TEVA is up so far by $0.04 or 0.24% in the after market session. TEVA ended the session negatively in 7 of the last 10 trading days. Today’s closing figure adds to the stock’s 3 days losing streak. Technical indicators is bearish and the stock price could decrease from the current level in the short term. Traders should wait for further indicators to confirm this declining trend before placing a bet here. TEVA is predicted to find support near $15.5 and resistance near $17.06. Teva Pharmaceutical Industries Ltd (ADR)’s price to earning ratio is 0.00 and has a current market cap of 16.77B. Its 52 week high is $53.96 and 52 week low is $15.85. Teva Pharmaceutical Industries Ltd (ADR) also has a dividend yield of 6.75% on an annual basis.

Micron Technology, Inc.
Traders are selling off shares of Micron Technology, Inc. today. At the close of the market MU shares plunged by $0.23 or -0.76%. It closed at a price of $30.22 per share with below average volume, only 69 percent of its usual volume. On a positive note, investors are buying back shares in after hour trading. MU is up so far by $0.08 or 0.26% in the after market session. MU declined in 3 of the last 10 trading days. The decline today is a pull back after yesterday’s increase. The trend is bullish and the stock price could accelerate higher from the current trading range in the medium term. Traders are recommended to wait for further indicators to confirm this upward movement before placing a bet here. MU is predicted to find support near $29.8 and resistance near $30.84. Micron Technology, Inc.’s PE ratio is 13.92 and has a market capitalization of 33.67B. Its 52 week high is $32.96 and 52 week low is $15.38.

Express Scripts, Inc.
Investors are dumping shares of Express Scripts, Inc. today. At the end of the trading session ESRX stock price plunged by $0.42 or -0.69%. It closed at $60.51 with average volume. The pessimism continues into the after market session. During after hours, ESRX is down another $0.01 or -0.01%. ESRX ended the session negatively in 5 of the last 10 trading days. Today’s loss extends the stock’s decline from yesterday. In the short term, the trend for this stock is bearish but the stock price is likely to be capped to the current trading range in the short term. ESRX is finding support near $60.07 and resistance near $61.2. Be careful there could be a pull back or buy back when the stock trades at these prices. Express Scripts, Inc.’s price to earning ratio is 10.60 and has a current market cap of 35.19B. Its 52 week high is $77.57 and 52 week low is $57.80.

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