Aug

07

2007

Mindray Medical (MR) Breaks Out After Earnings; Ctrip.com (CTRP) Plunges But Still Bullish

Today’s Growth Stock Big Earnings Movers: 

UP

• Mindray Medical (MR) Medical Appliances & Equipment, fundamental rank [28/30],  up 10%, breaking from short consolidation to new all time high

• Iconix Brands (ICON) Apparel – Retail, fundamental rank [26/30],  up 4%, reclaiming support of 200 day moving average

DOWN

• Quality Systems (QSII) Healthcare Information Services, fundamental rank [29/30],  down 9%, gapped down below 200 day moving average after disappointing quarter, but bouncing and reclaiming that support level

• Huron Consulting (HURN), Business & Management Services, fundamental rank [26/30],  down 9%, falling back into base; still has strong support around 60

• Ctrip.com (CTRP), Resorts & Casinos, fundamental rank [28/30],  down 7%, still looking very bullish despite today’s drop; testing support of 50 day moving average
• Mastercard (MA), Business & Management Services, fundamental rank [22/30],  down 11%, taking out the 50 day moving average; will probably spend a significant amount of time basing here

• Health Grades (HGRD), Medical Practitioners, fundamental rank [25/30],  down 9%, finding some support at the 200 day moving average

• RTI International Metals (RTI), Industrial Metals & Minerals, fundamental rank [25/30],  down 7%, remains submerged below 200 day moving average

• Cephalon (CEPH), Drug Manufacturers, fundamental rank [24/30],  down 6%, took out support of upward trend line and 200 day moving average

• First Solar (FSLR), Electronic  Equipment, fundamental rank [23/30],  down 5%, holding up just fine at lofty levels

• Central European Distribution (CEDC), Beverages – Wineries & Distilleries, fundamental rank [25/30],  down 5%, still looks very bullish despite today’s selling