Jul

24

2007

Leading Stocks Take Earnings Hit – New Oriental (EDU), Millicom (MICC), Atheros (ATHR)

Today’s Growth Stock Big Earnings Movers: 

UP

• Anixter International (AXE) Electronics Wholesale, fundamental rank [26/30],  up 7%, continuing to soar to new all time highs, well above 50 day moving average

• Steel Dynamics (STLD) Steel & Iron, fundamental rank [25/30],  up 4%, attempting breakout from short base

DOWN

• Saia Inc (SAIA) Trucking, fundamental rank [23/30],  down 12%, taking out key support levels, stick a fork in it

• New Oriental Education (EDU), Education & Training Services, fundamental rank [27/30],  down 10%, dipped below support of 50 dma early on, but holding above there now

• Radvision (RVSN) Processing Systems & Products, fundamental rank [25/30],  down 10%, took out support of 200 day moving average again; needs to spend more time basing

• Millicom International (MICC), Telecom Services – Foreign, fundamental rank [24/30],  down 10%, taking out support of 50 day moving average convincingly for first time in over a year

• Atheros Communications (ATHR) Semiconductor – Integrated Circuit, fundamental rank [26/30],  down 7%, took out support of 50 day moving average and now testing support at previous break out point

• Smith International (SII), Oil & Gas Equipment & Services, fundamental rank [27/30],  down 5%, still holding a tight uptrend despite the drop

• Idex Corp (IEX) Diversified Machinery, fundamental rank [24/30],  down 5%, trying to hold up at support of 50 day moving average