Here we go into the heart of earnings season once again. I don't like to focus on the technicals during earnings because things are so news driven. So all I'm gonna say is that I've still got one eye on the trendlines I drew the other day.
On Today's Calendar:
- nada
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
On weak earnings/guidance: ETN -4.7%... Other news: MDT -5.0% (voluntarily suspends distribution of Sprint Fidelis defibrillation leads), FRPT -8.1% (discloses certain material weaknesses), CTEL -5.0% (says not aware of any reasons for such decrease in the price and increase in the trading volume), PHG -4.6% (3Q earnings fall on semiconductor unit sale, says operations grow - International Herald Tribune), LVLT -4.3% (announced that it is beginning a search for a new CFO), HSWI -3.0% (major shareholder, HowStuffWorks, enters into merger agreement with Discovery Communications).
Gapping Up
On strong earnings/guidance: ANTP +24.2%, XSI +17.2%, EDU +7.8%... M&A- related: TEK +33.0% (to be acquired by DHR for $38/share), BIIB +19.5% (co says it has received expressions of interest from third parties and it will evaluate potential interest in acquiring the co -- ELN +11.1% and PDLI +3.9% gapping up in sympathy)... Other news: TELK +30.0% (FDA removes partial hold on TELCYTA clinical development), BRLC (announces introduction of full-HD 1080p Olevia brand LCD HDTVs), PTR +11.7% (Reuters reports PTR jumped 13% as news of increased production and hopes of major new discoveries spurred optimism about its performance in Q4), SNP +11.5% (upgraded to Buy at Citigroup), TTG +11.3% (positive Cramer mention), ELN +11.1% (in addition to the BIIB evaluation of M&A interest, BIIB and ELN announced that the FDA has extended its regulatory review of Tysabri as a treatment for Crohn's disease by up to 3 months), TSTC +10.4% (announces positive response from China Mobile on WFDS field tests), FTEK +10.2% (mentioned positively in Barron's), CSUN +4.3%, CHL +4.2%.
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